Telefônica Brasil S.A. (NYSE:VIV) Receives $9.97 Average Target Price from Analysts

Telefônica Brasil S.A. (NYSE:VIV) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.97.

VIV has been the subject of several analyst reports. Barclays raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $11.80 to $11.50 in a report on Monday, March 3rd. The Goldman Sachs Group decreased their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research report on Thursday, December 19th. Scotiabank cut their price target on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th.

Telefônica Brasil Stock Down 0.1 %

VIV stock opened at $8.60 on Wednesday. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.84 and a beta of 0.76. Telefônica Brasil has a 1-year low of $7.47 and a 1-year high of $10.41. The firm has a fifty day moving average price of $8.70 and a two-hundred day moving average price of $8.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. Research analysts predict that Telefônica Brasil will post 0.6 EPS for the current year.

Telefônica Brasil Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were given a $0.0215 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Telefônica Brasil’s previous dividend of $0.02. Telefônica Brasil’s payout ratio is 50.82%.

Hedge Funds Weigh In On Telefônica Brasil

Several hedge funds have recently made changes to their positions in the business. Stifel Financial Corp boosted its holdings in Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock worth $2,716,000 after buying an additional 77,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Telefônica Brasil by 49.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after acquiring an additional 385,207 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Telefônica Brasil during the fourth quarter worth $242,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Telefônica Brasil by 7.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after purchasing an additional 1,053,218 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Telefônica Brasil in the 3rd quarter valued at $5,135,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

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.