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

Telefônica Brasil S.A. (NYSE:VIV) announced a — dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Friday, January 1st will be given 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 is Tuesday, April 30th.

Telefônica Brasil Price Performance

VIV opened at $9.41 on Monday. The stock has a market capitalization of $15.65 billion, a PE ratio of 15.18, a P/E/G ratio of 0.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.96. Telefônica Brasil has a 1 year low of $7.87 and a 1 year high of $11.43. The company’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $10.25.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The firm 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, sell-side analysts expect that Telefônica Brasil will post 0.7 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on VIV shares. Barclays reduced their price target on shares of 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. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 price objective on shares of Telefônica Brasil in a research note on Friday, January 5th. Finally, StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Three equities research 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 stock. According to MarketBeat.com, Telefônica Brasil currently has an average rating of “Moderate Buy” and a consensus target price 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.