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

Telefônica Brasil S.A. (NYSE:VIV) declared a — dividend on Thursday, April 25th, Wall Street Journal reports. Shareholders 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 yield of 4.7%. The ex-dividend date is Tuesday, April 30th.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $9.41 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.73 and a beta of 0.75. The company’s 50-day moving average is $10.20 and its two-hundred day moving average is $10.25. Telefônica Brasil has a 1-year low of $7.87 and a 1-year high of $11.43.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $2.73 billion for the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. Analysts forecast that Telefônica Brasil will post 0.7 EPS for the current year.

Analyst Ratings Changes

VIV has been the topic of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $11.00 price target on shares of Telefônica Brasil in a research note on Friday, January 5th. Barclays reduced their price target on shares of Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 23rd. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.60.

Telefônica Brasil Company Profile

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.