Telefonica Brasil S.A. (NYSE:VIV) Declares $0.46 Dividend

Telefonica Brasil S.A. (NYSE:VIV) announced a dividend on Friday, January 1st. Shareholders of record on Friday, May 22nd will be given a dividend of 0.4562 per share by the Wireless communications provider on Tuesday, July 21st. The ex-dividend date is Friday, May 22nd.

Telefonica Brasil has decreased its dividend payment by an average of 0.2%per year over the last three years. Telefonica Brasil has a payout ratio of 54.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Telefonica Brasil to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 43.7%.

Telefonica Brasil Trading Down 2.9%

VIV stock opened at $13.69 on Wednesday. Telefonica Brasil has a 1-year low of $9.51 and a 1-year high of $17.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.82 and a beta of 0.63. The business has a 50 day simple moving average of $15.71 and a two-hundred day simple moving average of $14.24.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. Research analysts anticipate that Telefonica Brasil will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VIV has been the topic of a number of research reports. Barclays set a $16.50 price target on shares of Telefonica Brasil and gave the company an “equal weight” rating in a report on Friday, April 17th. Wall Street Zen downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday. Bradesco Corretora lowered Telefonica Brasil to a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.42.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.