Telefônica Brasil S.A. (VIV) to Issue — Dividend of $0.04 on April 30th

Telefônica Brasil S.A. (NYSE:VIV) declared a — dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Friday, January 1st will be given a dividend of 0.0373 per share by the Wireless communications provider on Tuesday, April 30th. This represents a yield of 4.7%. The ex-dividend date is Tuesday, April 30th.

Telefônica Brasil Trading Up 1.2 %

NYSE:VIV opened at $9.41 on Friday. Telefônica Brasil has a 12-month low of $7.87 and a 12-month high of $11.43. The firm has a market capitalization of $15.65 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. The business has a 50 day simple moving average of $10.20 and a 200 day simple moving average of $10.24.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $2.73 billion during the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. Equities research analysts predict that Telefônica Brasil will post 0.7 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on VIV. Barclays cut their target price on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $11.00 target price on shares of Telefônica Brasil in a research note on Friday, January 5th. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.60.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.