Telefonica Brasil (NYSE:VIV) Releases Earnings Results, Misses Estimates By $0.04 EPS

Telefonica Brasil (NYSE:VIV) posted its quarterly earnings results on Monday. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04), FiscalAI reports. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%.

Telefonica Brasil Stock Up 0.5%

Telefonica Brasil stock opened at $14.12 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. The firm has a market cap of $22.98 billion, a P/E ratio of 19.09, a P/E/G ratio of 0.74 and a beta of 0.56. The business has a fifty day moving average of $13.41 and a two-hundred day moving average of $14.57. Telefonica Brasil has a twelve month low of $10.82 and a twelve month high of $17.25.

Telefonica Brasil Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd were issued a dividend of $0.4562 per share. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 81.08%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of Telefonica Brasil by 8.3% in the 4th quarter. Invesco Ltd. now owns 3,094,219 shares of the Wireless communications provider’s stock valued at $36,697,000 after purchasing an additional 237,601 shares during the last quarter. Two Sigma Investments LP increased its stake in Telefonica Brasil by 22.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider’s stock valued at $21,330,000 after purchasing an additional 307,501 shares in the last quarter. Amundi raised its holdings in shares of Telefonica Brasil by 3.4% in the fourth quarter. Amundi now owns 1,261,713 shares of the Wireless communications provider’s stock worth $14,964,000 after buying an additional 40,932 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Telefonica Brasil by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 561,254 shares of the Wireless communications provider’s stock worth $6,662,000 after buying an additional 45,562 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Telefonica Brasil by 30.3% during the first quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider’s stock worth $3,758,000 after buying an additional 100,315 shares during the period. 5.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VIV has been the topic of several research reports. Bradesco Corretora downgraded Telefonica Brasil to a “neutral” rating in a report on Tuesday, April 28th. The Goldman Sachs Group started coverage on Telefonica Brasil in a report on Monday, May 18th. They issued a “sell” rating and a $13.90 target price for the company. Zacks Research downgraded Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Barclays set a $15.50 price target on Telefonica Brasil and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings downgraded Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Telefonica Brasil has an average rating of “Reduce” and a consensus target price of $14.16.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.