Telefônica Brasil (NYSE:VIV) Issues Earnings Results

Telefônica Brasil (NYSE:VIV) announced its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01, Zacks reports. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%.

Telefônica Brasil Stock Up 1.4 %

NYSE:VIV traded up $0.13 during midday trading on Tuesday, hitting $9.22. 832,478 shares of the company were exchanged, compared to its average volume of 835,227. Telefônica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $11.43. The company has a market capitalization of $15.23 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $8.35 and a 200 day simple moving average of $8.99.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Barclays raised their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.47.

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.