Brokerages Set Telefônica Brasil S.A. (NYSE:VIV) PT at $11.17

Telefônica Brasil S.A. (NYSE:VIV) has been given an average rating of “Moderate Buy” by the four research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.17.

A number of equities analysts recently issued reports on VIV shares. Barclays increased their target price on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Morgan Stanley upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Finally, StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Monday, September 9th.

Telefônica Brasil Stock Performance

Shares of VIV stock opened at $9.82 on Wednesday. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $9.14 and a 200-day moving average of $9.25.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the business earned $0.14 EPS. On average, equities analysts forecast that Telefônica Brasil will post 0.61 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.0379 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 49.21%.

Hedge Funds Weigh In On Telefônica Brasil

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 3,104 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Telefônica Brasil during the 2nd quarter worth $83,000. Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of Telefônica Brasil during the 2nd quarter worth $85,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Telefônica Brasil during the 1st quarter worth $123,000. Finally, Personal CFO Solutions LLC bought a new stake in shares of Telefônica Brasil during the 4th quarter worth $136,000. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Company Profile

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.