Notable Runner: Telefonica Brasil S.A. (NYSE: VIV)

Telefônica Brasil (NYSE: VIV) stated its results for 3Q19.

On Tuesday, Telefonica Brasil S.A. stock determined change of 24.41% away from 52-week low price and recently located relocation of -7.74% off 52-week high price. VIV stock has actually been taped 2.49% away from 50 day moving average and 6.21% away from 200 day moving average.

Mobile market share of 32.3% in August 2019 ( 7.5 p.p. greater than the second gamer). Postpaid accesses grew 7.3%, representing 57.3% of total mobile accesses, with a market share of 39.8% in August 2019.
Broadband accesses totaled 7,120 thousand customers in 3Q19 and FTTH accesses grew 34.0% y-o-y, with 162 thousand net additions in the 3Q19. Broadband ARPU went up 11.6% over 3Q18 reaching R$ 66.3.
Net revenues increased 2.6% y-o-y, showing the strong performance of postpaid, handsets and FTTH. Mobile profits increased 6.6% y-o-y, driven by strong growth in ARPU, postpaid accesses and handset sales. Mobile service incomes climbed up 4.6% y-o-y.
Repeating operating expense increased 2.5% y-o-y mainly Because of higher expenditures associated with handset sales, offset by digitalization, efficiency and simplification efforts. Not Including the expense of items sold, overall expenses increased 0.6% y-o-y.
Recurring EBITDA totaled R$ 3,995 M in 3Q19, up 2.8% y-o-y, with an EBITDA margin of 36.2% (+0.1 p.p. y-o-y).
Capex totaled R$ 2,432 M in 3Q19, focused on FTTH and expansion of 4G/4.5 G protection and capability.
Repeating earnings fell 52.3% y-o-y in 3Q19, to R$ 913M. In the first 9 months of 2019, repeating net earnings reached R$ 3,892 M, up 2.6% y-o-y. Interest on equity of R$ 2,238 M currently reported in 9M19.
Free money circulation went up 18.6% y-o-y, to R$ 2,187 M in 3Q19, driven by EBITDA growth and lower interests, taxes and other monetary expenditures, partly offset by higher financial investment volume in the duration.
The Technology sector business, Telefonica Brasil S.A. discovered modification of 0.45% to $13.35 along volume of 1903682 shares in recent session compared to a typical volume of 1293.75 K. The stock observed return of 0.98% in 5 days trading activity. The stock was at 3.89% over one month performance. VIVs shares are at -0.07% for the quarter and driving a 15.75% return throughout the past year and is now at 15.71% because this point in 2018. The typical volatility for the week at 1.81% and for month was at 1.77%. There are 1578.57 M shares exceptional and 417.42 M shares are drifted in market. Today the stock beta is 0.72.

The Technology sector business, Telefonica Brasil S.A. discovered modification of 0.45% to $13.35 along volume of 1903682 shares in recent session compared to a typical volume of 1293.75 K. The typical volatility for the week at 1.81% and for month was at 1.77%.

On Tuesday, Telefonica Brasil S.A. stock identified change of 24.41% away from 52-week low rate and recently located relocation of -7.74% off 52-week high cost. VIV stock has been tape-recorded 2.49% away from 50 day moving average and 6.21% away from 200 day moving average. Moving better, we can see that shares have actually been trading 1.46% off 20-day moving average.

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Marlon Lopez

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