Telefônica Brasil S.A. (NYSE:VIV – Get Free Report) announced a — dividend on Monday, July 22nd, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be paid a dividend of 0.0617 per share by the Wireless communications provider on Monday, July 29th. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, July 29th. This is an increase from Telefônica Brasil’s previous — dividend of $0.02.
Telefônica Brasil has increased its dividend payment by an average of 9.2% per year over the last three years.
Telefônica Brasil Stock Performance
Shares of VIV opened at $8.62 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 0.97. The firm’s 50 day moving average is $8.55 and its 200-day moving average is $9.58. Telefônica Brasil has a 12-month low of $8.02 and a 12-month high of $11.43. The stock has a market capitalization of $14.34 billion, a P/E ratio of 13.68, a P/E/G ratio of 0.79 and a beta of 0.79.
Analyst Ratings Changes
A number of equities analysts recently issued reports on VIV shares. Morgan Stanley upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Barclays decreased their price target on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.35.
Read Our Latest Analysis on Telefônica Brasil
About Telefônica Brasil
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.
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