Telefonica Brasil (NYSE:VIV – Get Free Report) issued its earnings results on Tuesday. The Wireless communications provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06, reports. Telefonica Brasil had a return on equity of 10.69% and a net margin of 11.40%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.10 billion.
Telefonica Brasil Stock Performance
NYSE:VIV opened at $12.16 on Thursday. The stock has a market cap of $19.79 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.68 and a beta of 0.53. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average is $11.92 and its 200-day moving average is $13.70. Telefonica Brasil has a 1-year low of $10.70 and a 1-year high of $17.25.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on VIV shares. Bank of America raised Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. Barclays set a $14.00 target price on Telefonica Brasil and gave the company an “equal weight” rating in a research report on Thursday, October 29th. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a research note on Thursday, August 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Telefonica Brasil in a report on Friday, October 2nd. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $14.26.
Read Our Latest Stock Analysis on VIV
Telefonica Brasil Company Profile
Telefônica Brasil S.A. is a Brazilian telecommunications company that provides services under the Vivo brand. It is part of the Spanish Telefónica Group and serves consumers, businesses and public-sector customers across Brazil. Its offerings include mobile voice and data, fixed-line telephone service, broadband internet—including fiber connectivity—and pay television. The company also provides connectivity and digital services for business customers. Telefônica Brasil traces its origins to the 1998 privatization of Brazil’s telecommunications sector, when Telefónica acquired Telesp, the former state-controlled telephone operator in São Paulo.
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