Telefonica Brasil (NYSE:VIV) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Telefonica Brasil (NYSE:VIV) announced its quarterly earnings data on Tuesday. The Wireless communications provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06, FiscalAI reports. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion.

Telefonica Brasil Stock Up 0.3%

NYSE:VIV traded up $0.04 on Tuesday, hitting $11.64. 2,010,672 shares of the company’s stock were exchanged, compared to its average volume of 1,230,325. The firm has a 50-day moving average price of $11.90 and a 200-day moving average price of $13.71. Telefonica Brasil has a 52 week low of $10.70 and a 52 week high of $17.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89. The company has a market cap of $18.94 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 0.66 and a beta of 0.53.

Analysts Set New Price Targets

Several research analysts have weighed in on VIV shares. Barclays set a $14.00 target price on Telefonica Brasil and gave the stock an “equal weight” rating in a report on Thursday, October 29th. Bank of America upgraded Telefonica Brasil from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 13th. Morgan Stanley set a $14.00 price target on Telefonica Brasil in a research report on Thursday, August 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Telefonica Brasil in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Telefonica Brasil currently has a consensus rating of “Reduce” and a consensus target price of $14.26.

Telefonica Brasil Company Profile

Telefônica Brasil S.A. is a Brazilian telecommunications company that provides services under the Vivo brand. It is part of the Spanish Telefónica Group and serves consumers, businesses and public-sector customers across Brazil. Its offerings include mobile voice and data, fixed-line telephone service, broadband internet—including fiber connectivity—and pay television. The company also provides connectivity and digital services for business customers. Telefônica Brasil traces its origins to the 1998 privatization of Brazil’s telecommunications sector, when Telefónica acquired Telesp, the former state-controlled telephone operator in São Paulo.