Telefonica Brasil (NYSE:VIV) Announces Earnings Results, Misses Expectations By $0.04 EPS

Telefonica Brasil (NYSE:VIV) posted its quarterly earnings data on Monday. The Wireless communications provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04), FiscalAI reports. Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.04 billion.

Telefonica Brasil Trading Up 0.5%

Shares of NYSE:VIV traded up $0.07 on Monday, hitting $14.12. 804,030 shares of the company’s stock were exchanged, compared to its average volume of 1,019,554. Telefonica Brasil has a 12 month low of $10.82 and a 12 month high of $17.25. The stock has a market capitalization of $22.98 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. The business’s 50 day simple moving average is $13.41 and its two-hundred day simple moving average is $14.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03.

Telefonica Brasil Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd were paid a $0.4562 dividend. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is presently 37.84%.

Analysts Set New Price Targets

VIV has been the topic of several recent analyst reports. Bradesco Corretora downgraded shares of Telefonica Brasil to a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 7th. Scotiabank cut their price target on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, New Street Research raised shares of Telefonica Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $14.16.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its holdings in Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 3,266 shares in the last quarter. Arax Advisory Partners grew its stake in Telefonica Brasil by 54.4% in the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock worth $45,000 after acquiring an additional 1,330 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Telefonica Brasil during the first quarter worth approximately $52,000. EverSource Wealth Advisors LLC raised its stake in shares of Telefonica Brasil by 214.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 3,248 shares in the last quarter. Finally, AlTi Global Inc. bought a new stake in shares of Telefonica Brasil during the fourth quarter valued at approximately $130,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.