Telefônica Brasil (NYSE:VIV) Posts Earnings Results, Beats Expectations By $0.01 EPS

Telefônica Brasil (NYSE:VIV) announced its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01, Zacks reports. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion.

Telefônica Brasil Stock Down 7.1 %

Shares of NYSE:VIV opened at $8.56 on Thursday. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.84 and a beta of 0.79. Telefônica Brasil has a 1 year low of $7.47 and a 1 year high of $11.43. The business’s 50-day moving average is $8.39 and its 200-day moving average is $8.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Analyst Upgrades and Downgrades

VIV has been the subject of a number of research reports. Barclays raised their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group lowered their target price on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.47.

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.