Stocks of Telefonica Brasil S.A. (NYSE:VIV) traded higher last session on Wall Street, up 0.23% to $8.58.
According to the data, Telefonica Brasil S.A. (NYSE:VIV) has 14 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. VIV stock price is now 0.37% away from the 50-day moving average and 11.16% away from the 200-day moving average. The market capitalization of the company currently stands at $14.09B.
A total of 5 analysts have issued a hold rating and 8 have given it a buy rating.
With the price target of $10, Goldman recently initiated with Buy rating for Telefonica Brasil S.A. (NYSE: VIV).
A total of 88.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VIV stock. A new stake in Telefonica Brasil S.A. shares was purchased by VERITION FUND MANAGEMENT LLC during the first quarter worth $4,290,000. RUSSELL INVESTMENTS GROUP, LTD. invested $3,060,000 in shares of VIV during the first quarter. In the first quarter, APG ASSET MANAGEMENT N.V. acquired a new stake in Telefonica Brasil S.A. valued at approximately $2,920,000. STIFEL FINANCIAL CORP acquired a new stake in VIV for approximately $1,652,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP purchased a new stake in VIV valued at around $576,000 in the second quarter. In total, there are 198 active investors with 7.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $8.64 for Telefonica Brasil S.A. (NYSE: VIV). During the past 12 months, Telefonica Brasil S.A. has had a low of $6.42 and a high of $9.24. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 0.90, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $17.52B, which is based on a 16.89 price-to-earnings ratio, a 0.78 price-to-earnings-growth ratio, and a beta of 0.58. The fifty day moving average price for VIV is $8.58 and a two-hundred day moving average price translates $7.81 for the stock.
The latest earnings results from Telefonica Brasil S.A. (NYSE: VIV) was released for Mar, 2023. According to the Telecom Services Company, earnings per share came in at $0.1, beating analysts’ expectations of $0.09 by 0.01. This compares to $0.09 EPS in the same period last year. The net profit margin was 8.40% and return on equity was 6.10% for VIV. The company reported revenue of $2.45 billion for the quarter, compared to $2.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.71 percent. For the current quarter, analysts expect VIV to generate $2.46B in revenue.
Investors who held shares on 04/17/2023 were paid a $0.095495 dividend. On an annualized basis, this represents a $0.80 dividend and a 9.36% percent yield. There was an ex-dividend date of 04/14/2023 for this dividend. In terms of dividend payout ratio, VIV is presently at 680.40%.
Telefonica Brasil S.A.(VIV) Company Profile
Telefônica Brasil S.A., 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. The company also offers data services, including broadband and mobile data services. In addition, it provides pay TV services through IPTV technologies; network services, such as rental of facilities; other services comprising internet access, private network connectivity, computer equipment leasing, extended service, caller identification, voice mail, cellular blocker, and others; wholesale services, including interconnection services to users of other network providers; and digital services, such as entertainment, cloud, and security and financial services. Further, the company offers multimedia communication services, which include audio, data, voice and other sounds, images, texts, and other information, as well as sells devices, such as smartphones, broadband USB modems, and other devices. Additionally, it provides telecommunications solutions and IT support to various industries, such as retail, manufacturing, services, financial institutions, government, etc. It markets and sells its solutions through own stores, dealers, retail and distribution channels, door-to-door sales, and outbound tele sales. The company was formerly known as Telecomunicações de São Paulo S.A. – TELESP and changed its name to Telefônica Brasil S.A. in October 2011. The company was incorporated in 1998 and is headquartered in São Paulo, Brazil.
