Telefônica Brasil S.A. Announces — Dividend of $0.04 (NYSE:VIV)

Telefônica Brasil S.A. (NYSE:VIV) declared a — dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be paid a dividend of 0.0373 per share by the Wireless communications provider on Tuesday, April 30th. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, April 30th.

Telefônica Brasil Stock Performance

Shares of NYSE:VIV opened at $9.31 on Friday. The company has a market cap of $15.48 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.73 and a beta of 0.75. The company has a 50-day moving average price of $10.22 and a 200-day moving average price of $10.23. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Telefônica Brasil has a 12 month low of $7.87 and a 12 month high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The business had revenue of $2.73 billion for the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. As a group, equities analysts anticipate that Telefônica Brasil will post 0.7 EPS for the current year.

Analyst Ratings Changes

VIV has been the topic of a number of recent research reports. Barclays cut their price objective on shares of Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 price target on shares of Telefônica Brasil in a report on Friday, January 5th. Finally, StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.