Telefônica Brasil (VIV) to Release Earnings on Tuesday

Telefônica Brasil (NYSE:VIV) will be announcing its earnings results after the market closes on Tuesday, May 7th. Investors interested in participating in the company’s conference call can do so using this link.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. The firm had revenue of $2.73 billion for the quarter. On average, analysts expect Telefônica Brasil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telefônica Brasil Stock Performance

Telefônica Brasil stock opened at $9.95 on Friday. The business has a 50 day moving average of $10.06 and a 200-day moving average of $10.25. The company has a market capitalization of $16.55 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.77 and a beta of 0.77. Telefônica Brasil has a 1 year low of $7.87 and a 1 year high of $11.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, January 1st were issued a dividend of $0.0373 per share. This represents a yield of 4.7%. The ex-dividend date was Tuesday, April 30th. Telefônica Brasil’s payout ratio is 48.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VIV. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Barclays reduced their price target on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.