Telefonica Brasil SA (NYSE:VIV) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $14.75.
VIV has been the subject of several research reports. Barclays PLC lifted their price target on shares of Telefonica Brasil SA from $17.00 to $17.50 and gave the company an “overweight” rating in a report on Thursday, July 28th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Telefonica Brasil SA in a report on Tuesday, June 28th. Zacks Investment Research lowered shares of Telefonica Brasil SA from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley lowered shares of Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 6th.
Shares of Telefonica Brasil SA (NYSE:VIV) traded up 1.89% on Wednesday, reaching $14.00. 947,464 shares of the company’s stock were exchanged. Telefonica Brasil SA has a 1-year low of $7.72 and a 1-year high of $15.69. The stock’s 50-day moving average price is $14.62 and its 200-day moving average price is $13.33. The company has a market capitalization of $23.64 billion, a P/E ratio of 19.66 and a beta of 1.53.
The company also recently announced a dividend, which was paid on Wednesday, October 5th. Shareholders of record on Wednesday, October 5th were paid a dividend of $0.104 per share. The ex-dividend date of this dividend was Monday, October 3rd. Telefonica Brasil SA’s payout ratio is 90.48%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co purchased a new position in Telefonica Brasil SA during the second quarter worth about $198,000. M&T Bank Corp raised its position in Telefonica Brasil SA by 4.9% in the first quarter. M&T Bank Corp now owns 14,854 shares of the company’s stock worth $185,000 after buying an additional 700 shares during the last quarter. Citigroup Inc. raised its position in Telefonica Brasil SA by 41.2% in the second quarter. Citigroup Inc. now owns 15,764 shares of the company’s stock worth $215,000 after buying an additional 4,600 shares during the last quarter. Analytic Investors LLC purchased a new position in Telefonica Brasil SA during the second quarter worth about $286,000. Finally, Tower Research Capital LLC TRC raised its position in Telefonica Brasil SA by 275.4% in the second quarter. Tower Research Capital LLC TRC now owns 21,398 shares of the company’s stock worth $291,000 after buying an additional 15,698 shares during the last quarter. 10.28% of the stock is owned by hedge funds and other institutional investors.
Telefonica Brasil SA Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB), Pay television, information technology and digital services (such as e-health, cloud and financial services).
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