Goldman Sachs Begins Coverage on Telefonica Brasil (VIV)

Goldman Sachs began coverage on shares of Telefonica Brasil (NYSE:VIV) in a report issued on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $18.00 price objective on the Wireless communications provider’s stock.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Telefonica Brasil from a hold rating to a buy rating and set a $17.00 price objective for the company in a research note on Saturday, January 13th. Royal Bank of Canada set a $16.00 price objective on Telefonica Brasil and gave the stock a hold rating in a research note on Friday, March 23rd. Santander downgraded Telefonica Brasil from a buy rating to a hold rating in a research note on Thursday, December 21st. Credit Suisse Group downgraded Telefonica Brasil from an outperform rating to a neutral rating in a research note on Friday, January 19th. Finally, Barclays upped their price objective on Telefonica Brasil from $17.50 to $18.00 and gave the stock an overweight rating in a research note on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $17.00.

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Shares of NYSE VIV opened at $15.30 on Tuesday. Telefonica Brasil has a twelve month low of $13.06 and a twelve month high of $17.33. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $25,718.81, a PE ratio of 18.00, a PEG ratio of 1.09 and a beta of 1.38.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Wednesday, February 21st. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $3.40 billion during the quarter. Telefonica Brasil had a return on equity of 6.60% and a net margin of 10.65%. equities analysts forecast that Telefonica Brasil will post 1.1 EPS for the current year.

The business also recently disclosed an annual dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 16th will be paid a dividend of $0.384 per share. The ex-dividend date is Friday, April 13th. Telefonica Brasil’s payout ratio is currently 101.18%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schafer Cullen Capital Management Inc. boosted its position in Telefonica Brasil by 3.5% during the 4th quarter. Schafer Cullen Capital Management Inc. now owns 4,837,297 shares of the Wireless communications provider’s stock worth $71,737,000 after acquiring an additional 164,619 shares during the period. Cullen Capital Management LLC boosted its position in Telefonica Brasil by 9.6% during the 4th quarter. Cullen Capital Management LLC now owns 613,025 shares of the Wireless communications provider’s stock worth $9,091,000 after acquiring an additional 53,460 shares during the period. Verition Fund Management LLC boosted its position in Telefonica Brasil by 83.4% during the 4th quarter. Verition Fund Management LLC now owns 34,230 shares of the Wireless communications provider’s stock worth $508,000 after acquiring an additional 15,568 shares during the period. Millennium Management LLC boosted its position in Telefonica Brasil by 285.9% during the 4th quarter. Millennium Management LLC now owns 2,286,284 shares of the Wireless communications provider’s stock worth $33,906,000 after acquiring an additional 1,693,892 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Telefonica Brasil during the 4th quarter worth $312,000. Hedge funds and other institutional investors own 9.60% of the company’s stock.

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About Telefonica Brasil

TelefĂ´nica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers 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 and 4G, as well as mobile value-added services and wireless roaming services.

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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