Telefonica Brasil (NYSE:VIV) Announces Quarterly Earnings Results

Telefonica Brasil (NYSE:VIV) released its quarterly earnings results on Monday. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06), FiscalAI reports. Telefonica Brasil had a net margin of 10.37% and a return on equity of 8.67%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.88 billion.

Telefonica Brasil Stock Performance

Shares of Telefonica Brasil stock opened at $15.74 on Monday. The firm has a market capitalization of $25.61 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.71. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $13.34 and its 200 day simple moving average is $12.80. Telefonica Brasil has a 12 month low of $8.09 and a 12 month high of $16.47.

Hedge Funds Weigh In On Telefonica Brasil

Several institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in Telefonica Brasil by 8.3% in the fourth quarter. Invesco Ltd. now owns 3,094,219 shares of the Wireless communications provider’s stock worth $36,697,000 after acquiring an additional 237,601 shares during the period. Two Sigma Investments LP raised its holdings in shares of Telefonica Brasil by 22.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider’s stock worth $21,330,000 after purchasing an additional 307,501 shares during the period. Amundi raised its holdings in shares of Telefonica Brasil by 3.4% in the 4th quarter. Amundi now owns 1,261,713 shares of the Wireless communications provider’s stock worth $14,964,000 after purchasing an additional 40,932 shares during the period. Dimensional Fund Advisors LP grew its holdings in Telefonica Brasil by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 561,254 shares of the Wireless communications provider’s stock valued at $6,662,000 after purchasing an additional 45,562 shares during the period. Finally, Royal Bank of Canada increased its position in Telefonica Brasil by 30.3% in the first quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider’s stock worth $3,758,000 after buying an additional 100,315 shares during the last quarter. Institutional investors own 5.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings cut Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Barclays restated an “overweight” rating and issued a $14.50 price target on shares of Telefonica Brasil in a research report on Monday, November 3rd. Bank of America began coverage on Telefonica Brasil in a research report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price objective for the company. Zacks Research upgraded shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Wall Street Zen raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.12.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.