Telefonica Brasil (NYSE:VIV) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Telefonica Brasil (NYSE:VIV) issued its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06, FiscalAI reports. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.10 billion.

Telefonica Brasil Stock Up 0.3%

Shares of VIV traded up $0.04 during trading hours on Tuesday, hitting $11.64. The stock had a trading volume of 2,009,791 shares, compared to its average volume of 1,230,325. Telefonica Brasil has a 1-year low of $10.70 and a 1-year high of $17.25. The firm has a market capitalization of $18.94 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 0.66 and a beta of 0.53. The firm has a 50 day simple moving average of $11.90 and a 200-day simple moving average of $13.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89.

Analyst Ratings Changes

VIV has been the topic of several research analyst reports. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a research report on Thursday, August 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Telefonica Brasil in a report on Friday, October 2nd. Bank of America raised Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. Finally, Barclays set a $14.00 price target on Telefonica Brasil and gave the stock an “equal weight” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $14.26.

Telefonica Brasil Company Profile

Telefônica Brasil S.A. is a Brazilian telecommunications company that provides services under the Vivo brand. It is part of the Spanish Telefónica Group and serves consumers, businesses and public-sector customers across Brazil. Its offerings include mobile voice and data, fixed-line telephone service, broadband internet—including fiber connectivity—and pay television. The company also provides connectivity and digital services for business customers. Telefônica Brasil traces its origins to the 1998 privatization of Brazil’s telecommunications sector, when Telefónica acquired Telesp, the former state-controlled telephone operator in São Paulo.