Telefonica Brasil (NYSE:VIV) Issues Earnings Results, Misses Expectations By $0.04 EPS

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

Telefonica Brasil Trading Up 0.5%

Shares of NYSE VIV traded up $0.07 on Monday, reaching $14.12. 804,030 shares of the company traded hands, compared to its average volume of 1,019,554. The stock has a market capitalization of $22.98 billion, a PE ratio of 19.09, a P/E/G ratio of 0.74 and a beta of 0.56. Telefonica Brasil has a fifty-two week low of $10.82 and a fifty-two week high of $17.25. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $13.41 and a 200 day moving average of $14.56.

Telefonica Brasil Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were paid a dividend of $0.4562 per share. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Scotiabank cut their price objective on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Barclays set a $15.50 price objective on shares of Telefonica Brasil and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Bradesco Corretora lowered shares of Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $14.16.

Institutional Investors Weigh In On Telefonica Brasil

A number of institutional investors have recently bought and sold shares of the stock. Ieq Capital LLC raised its stake in Telefonica Brasil by 3.4% during the fourth quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock worth $264,000 after purchasing an additional 727 shares during the period. Vise Technologies Inc. grew its stake in shares of Telefonica Brasil by 7.8% during the 4th quarter. Vise Technologies Inc. now owns 12,819 shares of the Wireless communications provider’s stock valued at $152,000 after buying an additional 932 shares during the period. Sei Investments Co. grew its stake in shares of Telefonica Brasil by 6.2% during the 3rd quarter. Sei Investments Co. now owns 17,494 shares of the Wireless communications provider’s stock valued at $223,000 after buying an additional 1,019 shares during the period. Arax Advisory Partners increased its holdings in shares of Telefonica Brasil by 54.4% during the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 1,330 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Telefonica Brasil by 2.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 59,933 shares of the Wireless communications provider’s stock worth $711,000 after buying an additional 1,460 shares during the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

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.