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

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

Telefonica Brasil Price Performance

NYSE VIV traded up $0.04 on Tuesday, hitting $11.64. The stock had a trading volume of 2,009,791 shares, compared to its average volume of 1,230,325. 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 quick ratio of 0.89 and a current ratio of 0.95. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 0.66 and a beta of 0.53. The firm has a 50-day moving average of $11.90 and a 200-day moving average of $13.71.

Analysts Set New Price Targets

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