Brokerages Set Telefonica Brasil SA (VIV) Price Target at $17.50
Shares of Telefonica Brasil SA (NYSE:VIV) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.25.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Telefonica Brasil SA from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a research note on Thursday. TheStreet raised Telefonica Brasil SA from a “c” rating to a “b-” rating in a research note on Wednesday, March 8th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Telefonica Brasil SA by 4.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 75,724 shares of the Wireless communications provider’s stock worth $1,096,000 after buying an additional 2,909 shares during the last quarter. Princeton Alpha Management LP bought a new position in shares of Telefonica Brasil SA during the third quarter worth $196,000. Ameriprise Financial Inc. increased its position in shares of Telefonica Brasil SA by 79.7% in the third quarter. Ameriprise Financial Inc. now owns 1,793,270 shares of the Wireless communications provider’s stock worth $25,942,000 after buying an additional 795,298 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Telefonica Brasil SA by 16.2% in the third quarter. UBS Asset Management Americas Inc. now owns 519,500 shares of the Wireless communications provider’s stock worth $7,517,000 after buying an additional 72,500 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of Telefonica Brasil SA during the third quarter worth $858,000. 10.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Telefonica Brasil SA (NYSE:VIV) traded down 0.54% on Tuesday, reaching $14.87. 727,950 shares of the company traded hands. Telefonica Brasil SA has a 52-week low of $11.28 and a 52-week high of $15.69. The company has a market capitalization of $25.11 billion, a PE ratio of 19.34 and a beta of 1.50. The firm has a 50-day moving average of $14.70 and a 200-day moving average of $14.10.
The company also recently declared a dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, May 1st will be paid a dividend of $0.353 per share. The ex-dividend date of this dividend is Thursday, April 27th. This is an increase from Telefonica Brasil SA’s previous dividend of $0.06. Telefonica Brasil SA’s dividend payout ratio (DPR) is 81.54%.
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Telefonica Brasil SA Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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