Telefônica Brasil S.A. (NYSE:VIV) Receives $11.35 Consensus Target Price from Brokerages

Telefônica Brasil S.A. (NYSE:VIV) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.35.

Separately, Barclays decreased their price objective on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th.

Institutional Trading of Telefônica Brasil

Several institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. bought a new position in shares of Telefônica Brasil in the 1st quarter worth approximately $123,000. Personal CFO Solutions LLC purchased a new position in Telefônica Brasil during the fourth quarter valued at $136,000. Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil during the 4th quarter valued at $143,000. Acadian Asset Management LLC purchased a new stake in shares of Telefônica Brasil in the 3rd quarter worth about $115,000. Finally, Ballentine Partners LLC bought a new position in shares of Telefônica Brasil in the 4th quarter worth about $147,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefônica Brasil Price Performance

VIV opened at $8.31 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $8.73 and its 200 day simple moving average is $9.82. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 0.67 and a beta of 0.79. Telefônica Brasil has a 1 year low of $8.02 and a 1 year high of $11.43.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. Telefônica Brasil had a net margin of 9.63% and a return on equity of 7.39%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.73 billion. As a group, analysts predict that Telefônica Brasil will post 0.68 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The business also recently announced a — dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, January 1st were paid a dividend of $0.0166 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 27th. Telefônica Brasil’s payout ratio is 44.45%.

About Telefônica Brasil

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.