Telefonica Brasil (NYSE:VIV) Stock

Telefonica Brasil

Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 100 million customers, which is equal to about 39% market share. The firm is strongest in the postpaid business, where it has 65 million customers, or about 41% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 7 million households on this network. The firm also sells pay-tv and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 8% of total revenue.

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EPAM, SHOP, RBLX, BLDR, PLTR, ALAB, SUZ, VIV, ABNB, DIS were worst performers last week. Analysts revised price targets for these stocks.

Last Week&#39;s Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)

Short Ideas

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On Tuesday, shares of Telefônica Brasil S.A. (NYSE: VIV) experienced volatile short activity. After the activity, the stock price went down -3.66% to $8.68.

The overall sentiment for VIV has been Neutral.

Short Volatility Alert: Telefônica Brasil S.A.

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<a href="https://www.bleepingcomputer.com/news/security/telefonica-confirms-internal-ticketing-system-breach-after-data-leak/">https://www.bleepingcomputer.com/news/security/telefonica-confirms-internal-ticketing-system-breach-after-data-leak/</a>
Spanish telecommunications company Telef&oacute;nica confirms its internal ticketing system was breached after stolen data was leaked on a hacking forum.
Telef&oacute;nica is a Spanish multinational telecommunications company operating in twelve countries with over 104,000 employees. The company is the largest telecommunications firm in Spain, operating under the name Movistar.
In an email to BleepingComputer today, Telef&oacute;nica confirmed its ticketing system was breached and are investigating the incident.
&quot;We have become aware of an unauthorized access to an internal ticketing system which we use at Telef&oacute;nica,&quot; Telef&oacute;nica told BleepingComputer
&quot;We are currently investigating the extent of the incident and have taken the necessary steps to block any unauthorized access to the system.&quot;
This confirmation comes after a Telef&oacute;nica Jira database was leaked on a hacking forum, with the breach claimed by four people using&nbsp;the aliases, DNA, Grep, Pryx, and Rey.&nbsp;
One of the attackers, Pryx, told BleepingComputer that the &quot;internal ticketing system&quot; is an internal Jira development and ticketing server, used by the company to report and resolve internal issues.
BleepingComputer was told that the system was breached yesterday using compromised employee credentials, with Telef&oacute;nica blocking their access today after performing password resets on impacted accounts.
Using the compromised employee accounts, the threat actors say they were able to scrape approximately 2.3 GB of documents, tickets, and various data. While some of this data was labeled as customers, BleepingComputer was told the tickets were opened with @telefonica.com email addresses, so may have been tickets opened on behalf of customers.
Pryx says they did not contact the company or attempt to extort them before leaking the data online.
Three people behind this attack, Grep, Pryx, and Rey, are also members of a recently launched ransomware operation known as <a href="https://www.watchguard.com/wgrd-security-hub/ransomware-tracker/hellcat">Hellcat Ransomware.</a>
Hellcat is responsible for a recent <a href="https://www.bleepingcomputer.com/news/security/schneider-electric-confirms-dev-platform-breach-after-hacker-steals-data/">breach of Schneider Electric</a>, where 40GB of data was stolen from the company&#39;s JIRA server.

'Telefónica Confirms Internal Ticketing System Breach After Data Leak' - Bleeping Computer

Goldman Sachs analyst Diego Aragao maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Buy and lowers the price target from $10.6 to $9.2.

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Analyst Ratings

Goldman Sachs Maintains Buy on Telefonica Brasil, Lowers Price Target to $9.2

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Shares of Brazilian companies are trading lower. A new government fiscal spending package and last week's central bank rate hike could be eroding global investor confidence and raising concerns over the nation's deficit.

MELI

Shares of Brazilian stocks are trading lower amid a rise in borrowing costs and a depreciation of the Brazilian Real.

Barclays analyst Mathieu Robilliard maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Equal-Weight and raises the price target from $11.5 to $11.8.

Barclays Maintains Equal-Weight on Telefonica Brasil, Raises Price Target to $11.8

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly sales of $2.53 billion which beat the analyst consensus estimate of $2.48 billion by 1.90 percent. This is a 5.78 percent decrease over sales of $2.69 billion the same period last year.

Earnings

Earnings Beats

Telefonica Brasil Q3 Sales $2.53B Beat $2.48B Estimate

Scotiabank analyst Andres Coello maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Sector Perform and raises the price target from $9.2 to $10.4.

Scotiabank Maintains Sector Perform on Telefonica Brasil, Raises Price Target to $10.4

Barclays analyst Mathieu Robilliard maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Equal-Weight and raises the price target from $11 to $11.5.

Barclays Maintains Equal-Weight on Telefonica Brasil, Raises Price Target to $11.5

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.13 by 7.69 percent. This is a 2.19 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $2.63 billion which beat the analyst consensus estimate of $2.50 billion by 5.00 percent. This is a 2.14 percent increase over sales of $2.57 billion the same period last year.

Reported Monday, Telefonica Brasil Q2 EPS $0.14 Beats $0.13 Estimate, Sales $2.63B Beat $2.50B Estimate

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<li>Telefonica Brasil S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) shares fell 11.8%&nbsp;after the company reported&nbsp;Q1&nbsp;financial results and&nbsp;<a href="https://www.benzinga.com/quote/viv/analyst-ratings" target="_blank" rel="noreferrer noopener">analysts trimmed the price target</a>.</li>
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Also Read: <a href="https://www.benzinga.com/news/24/05/38779419/these-10-large-cap-stocks-shined-brightest-last-week-may-5-may-11-2024-are-they-in-your-portfolio">These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?</a>
Photo: Shutterstock

Last Week's Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)

Telefonica Brasil shares are trading lower after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $13 to $12.

Barclays analyst Mathieu Robilliard maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Equal-Weight and lowers the price target from $13 to $12.

Barclays Maintains Equal-Weight on Telefonica Brasil, Lowers Price Target to $12

Telefonica Brasil shares are trading lower after the company reported Q1 financial results.

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly earnings of $0.11 per share which met the analyst consensus estimate. This is a 14.58 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $2.74 billion which beat the analyst consensus estimate of $2.57 billion by 6.50 percent. This is a 11.81 percent increase over sales of $2.45 billion the same period last year.

Telefonica Brasil Q1 EPS $0.11, Inline, Sales $2.74B Beat $2.57B Estimate

Barclays analyst Mathieu Robilliard maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Equal-Weight and lowers the price target from $13.5 to $13.

Barclays Maintains Equal-Weight on Telefonica Brasil, Lowers Price Target to $13

Barclays analyst Mathieu Robilliard maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Equal-Weight and raises the price target from $13 to $13.5.

Barclays Maintains Equal-Weight on Telefonica Brasil, Raises Price Target to $13.5

Telefonica Brasil Q4 Net Revenue Up 6.9% Y/Y

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Earnings Scheduled For February 20, 2024

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that Telefonica Brasil will report an earnings per share (EPS) of $0.16. 
Telefonica Brasil bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.04, which was followed by a 7.07% increase in the share price the next day.
Here's a look at Telefonica Brasil's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>0.100</td>
<td></td>
<td>0.14</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.18</td>
<td>0.137</td>
<td>0.096</td>
<td>0.13</td>
</tr>
<tr>
<td>Price Change %</td>
<td>7.07%</td>
<td>6.07%</td>
<td>2.21%</td>
<td>3.12%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Telefonica Brasil were trading at $10.83 as of February 15. Over the last 52-week period, shares are up 37.44%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/VIV/earnings">To track all earnings releases for Telefonica Brasil visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Telefonica Brasil

Morgan Stanley analyst Cesar Medina downgrades Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) from Overweight to Equal-Weight and announces $11 price target.

Downgrades

Morgan Stanley Downgrades Telefonica Brasil to Equal-Weight, Announces $11 Price Target

Press Releases

Telefônica Brasil announces its results for 1Q24

Telefônica Brasil announces its results for 2Q24

3Q24 Results: Telefônica Brasil S.A.

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