Telefonica Brasil S.A. (VIV) – What Are Investment Firms Saying About This Stock?

Telefonica Brasil S.A. (NYSE:VIV) has earned an average recommendation of “Reduce” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.66.

VIV has been the topic of several research reports. Bank of America raised Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research report on Tuesday. Barclays set a $16.00 target price on Telefonica Brasil in a research report on Wednesday, July 29th. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a research note on Thursday, August 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Telefonica Brasil in a research note on Friday, October 2nd.

Institutional Trading of Telefonica Brasil

Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its position in Telefonica Brasil by 2.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,042,457 shares of the Wireless communications provider’s stock valued at $12,364,000 after buying an additional 26,356 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Telefonica Brasil by 54.5% during the second quarter. Tidal Investments LLC now owns 477,011 shares of the Wireless communications provider’s stock valued at $6,277,000 after acquiring an additional 168,185 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Telefonica Brasil by 0.5% during the first quarter. Royal Bank of Canada now owns 392,178 shares of the Wireless communications provider’s stock valued at $6,240,000 after acquiring an additional 2,019 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of Telefonica Brasil during the first quarter valued at about $4,255,000. Finally, Opal Capital LLC purchased a new stake in shares of Telefonica Brasil during the first quarter worth about $4,255,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Stock Performance

Shares of VIV stock opened at $12.26 on Wednesday. The company’s fifty day simple moving average is $11.77 and its 200-day simple moving average is $13.41. Telefonica Brasil has a 52 week low of $11.17 and a 52 week high of $17.25. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The company has a market cap of $19.93 billion, a PE ratio of 15.59, a P/E/G ratio of 0.69 and a beta of 0.52.

Telefonica Brasil (NYSE:VIV) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, equities research analysts anticipate that Telefonica Brasil will post 0.94 EPS for the current year.

Telefonica Brasil Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 21st. Investors of record on Friday, May 22nd were given a dividend of $0.4562 per share. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s payout ratio is 76.92%.

About Telefonica Brasil

Telefônica Brasil SA, operating under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector organizations throughout Brazil. The company provides mobile voice and data services, wireless connectivity and related digital communications solutions.

Its fixed-line business includes broadband internet delivered primarily through fiber-optic networks, as well as voice and other connectivity services. Telefônica Brasil also offers information technology, cloud, cybersecurity, Internet of Things and managed communications solutions to corporate and institutional customers.