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

Telefonica Brasil S.A. (NYSE:VIV) has earned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.16.

VIV has been the topic of several analyst reports. Barclays set a $16.50 price objective on shares of Telefonica Brasil and gave the stock an “equal weight” rating in a research report on Friday, April 17th. Bradesco Corretora downgraded shares of Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group downgraded shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research report on Wednesday, March 11th.

Telefonica Brasil Stock Down 1.9%

Telefonica Brasil stock opened at $14.02 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63. The firm’s fifty day moving average price is $15.78 and its two-hundred day moving average price is $14.21. Telefonica Brasil has a 1-year low of $9.41 and a 1-year high of $17.25.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, May 11th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.98 billion. On average, equities research analysts predict that Telefonica Brasil will post 0.88 earnings per share for the current fiscal year.

Telefonica Brasil Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 21st. Investors of record on Friday, May 22nd will be issued a $0.4562 dividend. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s payout ratio is 62.16%.

Hedge Funds Weigh In On Telefonica Brasil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorShares Investments LLC purchased a new position in shares of Telefonica Brasil in the 3rd quarter worth about $1,066,000. Diversify Wealth Management LLC purchased a new position in shares of Telefonica Brasil in the 3rd quarter worth about $1,185,000. Carrera Capital Advisors boosted its holdings in shares of 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 buying an additional 330,405 shares during the last quarter. Caprock Group LLC purchased a new position in shares of Telefonica Brasil in the 3rd quarter worth about $2,173,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of Telefonica Brasil in the 3rd quarter worth about $420,000. 5.16% of the stock is owned by hedge funds and other institutional investors.

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.