Telefônica Brasil S.A. (NYSE:VIV) to Issue $0.04 — Dividend

Telefônica Brasil S.A. (NYSE:VIV) declared 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 of this dividend is Tuesday, April 30th.

Telefônica Brasil Stock Performance

Shares of NYSE:VIV traded down $0.12 during trading on Thursday, reaching $9.30. The company had a trading volume of 789,575 shares, compared to its average volume of 839,816. The stock’s fifty day moving average price is $10.26 and its 200 day moving average price is $10.24. Telefônica Brasil has a fifty-two week low of $7.87 and a fifty-two week high of $11.43. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth 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.

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

Analyst Upgrades and Downgrades

VIV has been the topic of several recent analyst reports. Barclays reduced their target price on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 target price on shares of Telefônica Brasil in a research report on Friday, January 5th. Finally, StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.