Telefonica Brasil S.A. (NYSE:VIV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Telefonica Brasil S.A. (NYSE:VIV) have received an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.08.

A number of research analysts have recently issued reports on VIV shares. UBS Group cut shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research note on Wednesday, March 11th. Scotiabank lifted their target price on shares of Telefonica Brasil from $12.50 to $15.30 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Weiss Ratings upgraded shares of Telefonica Brasil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Bradesco Corretora cut shares of Telefonica Brasil to a “neutral” rating in a research note on Tuesday, April 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VIV. AdvisorShares Investments LLC bought a new position in Telefonica Brasil in the 3rd quarter worth approximately $1,066,000. Diversify Wealth Management LLC bought a new position in Telefonica Brasil in the 3rd quarter worth approximately $1,185,000. Carrera Capital Advisors raised its position in Telefonica Brasil by 2,420.5% in the 3rd quarter. Carrera Capital Advisors now owns 344,055 shares of the Wireless communications provider’s stock worth $4,387,000 after purchasing an additional 330,405 shares during the last quarter. Caprock Group LLC bought a new position in Telefonica Brasil in the 3rd quarter worth approximately $2,173,000. Finally, Diversify Advisory Services LLC bought a new position in Telefonica Brasil in the 3rd quarter worth approximately $420,000. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Up 1.5%

NYSE VIV opened at $15.61 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $16.00 and its two-hundred day moving average is $14.13. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 0.97 and a beta of 0.63. Telefonica Brasil has a 1-year low of $9.41 and a 1-year high of $17.25.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.21 earnings per share for the quarter. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%.The company had revenue of $2.83 billion for the quarter. Equities analysts forecast that Telefonica Brasil will post 0.91 earnings per share for the current fiscal year.

Telefonica Brasil Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be paid a $0.4562 dividend. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s payout ratio is 65.71%.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.