Telefonica Brasil (NYSE:VIV) Releases Earnings Results, Misses Expectations By $0.06 EPS

Telefonica Brasil (NYSE:VIV) posted its quarterly earnings data on Monday. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06), FiscalAI reports. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Telefonica Brasil had a return on equity of 8.67% and a net margin of 10.37%.

Telefonica Brasil Price Performance

Telefonica Brasil stock opened at $15.74 on Monday. Telefonica Brasil has a one year low of $8.09 and a one year high of $16.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.02 and a quick ratio of 0.96. The business has a 50 day simple moving average of $13.34 and a 200 day simple moving average of $12.80. The company has a market capitalization of $25.61 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.71.

Institutional Trading of Telefonica Brasil

A number of hedge funds and other institutional investors have recently made changes to their positions in VIV. Arax Advisory Partners lifted its position in Telefonica Brasil by 54.4% during the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 1,330 shares during the period. Rhumbline Advisers increased its position in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after buying an additional 3,248 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Telefonica Brasil in the first quarter worth $52,000. Finally, AlTi Global Inc. acquired a new position in shares of Telefonica Brasil during the 4th quarter worth about $130,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VIV. Wall Street Zen raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Bank of America initiated coverage on shares of Telefonica Brasil in a report on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price objective for the company. Zacks Research raised Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Barclays reaffirmed an “overweight” rating and issued a $14.50 price target on shares of Telefonica Brasil in a report on Monday, November 3rd. Finally, Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.12.

About Telefonica Brasil

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.