Telefonica Brasil SA (NYSE:VIV) announced a quarterly dividend on Tuesday, June 18th, NASDAQ reports. Stockholders of record on Tuesday, July 2nd will be paid a dividend of 0.13 per share by the Wireless communications provider on Tuesday, July 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Monday, July 1st.
Telefonica Brasil has decreased its dividend payment by an average of 1.2% annually over the last three years.
Shares of Telefonica Brasil stock traded down $0.12 on Friday, reaching $14.27. 830,894 shares of the company were exchanged, compared to its average volume of 1,642,011. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a 50-day moving average price of $13.13. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of 10.27 and a beta of 0.72. Telefonica Brasil has a 1-year low of $9.21 and a 1-year high of $14.47.
Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Telefonica Brasil had a return on equity of 10.59% and a net margin of 21.05%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Research analysts forecast that Telefonica Brasil will post 0.86 earnings per share for the current year.
VIV has been the topic of several analyst reports. Barclays set a $192.00 target price on Tesla and gave the company a “sell” rating in a research report on Tuesday, May 14th. Itau BBA Securities cut Telefonica Brasil from an “outperform” rating to a “market perform” rating in a research report on Friday, June 14th. ValuEngine lowered Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. initiated coverage on INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an “overweight” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.63.
Telefonica Brasil Company Profile
Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.
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