Telefônica Brasil (NYSE:VIV) Posts Quarterly Earnings Results

Telefônica Brasil (NYSE:VIV) posted its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping 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 Performance

Shares of NYSE VIV opened at $9.22 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The stock’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $8.99. Telefônica Brasil has a one year low of $7.47 and a one year high of $11.43. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.84 and a beta of 0.79.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their target price on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. Barclays lifted their target price on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th. 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 stock. Based on data from MarketBeat.com, Telefônica Brasil 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.