|Bid||9.50 x 2200|
|Ask||9.51 x 3000|
|Day's Range||9.44 - 9.55|
|52 Week Range||7.75 - 14.68|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||6.78|
|Forward Dividend & Yield||0.36 (3.82%)|
|Ex-Dividend Date||Jul 01, 2020|
|1y Target Est||12.50|
At this time, we would like to welcome everyone to the Telefonica Brasil Second Quarter of 2020 Earnings Conference Call. Today with us, representing the management of Telefonica Brasil, we have Mr. Christian Gebara, CEO of the company; Mr. David Melcon, CFO and Investor Relations Officer; and Mr. Luis Plaster, IR Director. Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of the Securities Litigation Reform Act of 1996 forward-looking statements are based on the company's management beliefs and assumptions and on information currently available forward-looking statements are not guarantees of performance.
Telefonica Brasil SA's second-quarter results were pressured by the impact of the coronavirus outbreak on the economy but it still exceeded expectations as operations began to improve in June. Brazil's largest wireless carrier on Wednesday posted a quarterly net profit of 1.113 billion reais ($215.98 million), down 21.6% from a year ago, but above a consensus estimate of 1.008 billion reais compiled by Refinitiv. The local subsidiary of Spain's Telefonica, which operates under the Vivo brand, posted a 5.1% fall in quarterly net revenue, driven by both mobile and landline services, while store closures led to a 41% tumble in smartphone sales.
Telefônica Brasil - (B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for 2Q20.