Telefônica Brasil S.A. (NYSE:VIV) Announces — Dividend of $0.04

Telefônica Brasil S.A. (NYSE:VIV) announced a — dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders 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 dividend yield of 4.7%. The ex-dividend date is Tuesday, April 30th.

Telefônica Brasil Stock Performance

NYSE VIV opened at $9.42 on Friday. The company’s 50 day moving average is $10.20 and its 200-day moving average is $10.24. Telefônica Brasil has a 12-month low of $7.87 and a 12-month high of $11.43. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. The firm has a market cap of $15.66 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 0.72 and a beta of 0.75.

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

Analyst Ratings Changes

Several analysts have recently issued reports on VIV shares. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Morgan Stanley reaffirmed an “equal weight” rating and set a $11.00 target price on shares of Telefônica Brasil in a report on Friday, January 5th. Finally, Barclays decreased their target price on shares of Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.60.

About Telefônica Brasil

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.