Wall Street analysts expect that Telefonica Brasil S.A. (NYSE:VIV) will post $0.22 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Telefonica Brasil’s earnings. Telefonica Brasil posted earnings per share of $0.17 during the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The company is expected to issue its next earnings results on Thursday, October 26th.

On average, analysts expect that Telefonica Brasil will report full-year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.80 to $0.88. For the next fiscal year, analysts expect that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.91 to $0.95. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Telefonica Brasil.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.06. Telefonica Brasil had a return on equity of 5.91% and a net margin of 9.41%. The business had revenue of $3.33 billion for the quarter.

VIV has been the topic of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price target on shares of Telefonica Brasil in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada set a $15.00 price target on shares of Telefonica Brasil and gave the stock a “hold” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Telefonica Brasil currently has an average rating of “Hold” and a consensus price target of $15.33.

Hedge funds have recently bought and sold shares of the company. AXA purchased a new stake in Telefonica Brasil during the first quarter valued at about $177,000. Bank of America Corp DE raised its stake in Telefonica Brasil by 6.8% in the first quarter. Bank of America Corp DE now owns 1,931,898 shares of the Wireless communications provider’s stock valued at $28,689,000 after buying an additional 122,697 shares during the period. FNY Partners Fund LP raised its stake in Telefonica Brasil by 60.8% in the first quarter. FNY Partners Fund LP now owns 16,075 shares of the Wireless communications provider’s stock valued at $238,000 after buying an additional 6,075 shares during the period. Macquarie Group Ltd. raised its stake in Telefonica Brasil by 0.4% in the first quarter. Macquarie Group Ltd. now owns 5,155,797 shares of the Wireless communications provider’s stock valued at $76,566,000 after buying an additional 19,734 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Telefonica Brasil by 60.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,194,876 shares of the Wireless communications provider’s stock valued at $47,443,000 after buying an additional 1,202,685 shares during the period. 10.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Telefonica Brasil (NYSE VIV) traded down 0.13% during mid-day trading on Tuesday, reaching $15.56. 984,196 shares of the company were exchanged. The company has a market capitalization of $26.28 billion, a price-to-earnings ratio of 20.55 and a beta of 1.34. The firm’s 50-day moving average is $14.76 and its 200-day moving average is $14.60. Telefonica Brasil has a 12 month low of $11.95 and a 12 month high of $15.69.

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About Telefonica Brasil

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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