Telefonica Brasil SA (NYSE:VIV) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.50.

VIV has been the subject of a number of recent research reports. TheStreet upgraded Telefonica Brasil SA from a “c” rating to a “b-” rating in a research report on Wednesday, March 8th. Zacks Investment Research upgraded Telefonica Brasil SA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 31st.

A number of hedge funds have recently made changes to their positions in VIV. Numeric Investors LLC bought a new stake in shares of Telefonica Brasil SA during the fourth quarter valued at $4,918,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Telefonica Brasil SA during the fourth quarter valued at $2,776,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Telefonica Brasil SA during the fourth quarter valued at $2,460,000. Barings LLC bought a new stake in shares of Telefonica Brasil SA during the fourth quarter valued at $13,380,000. Finally, Guggenheim Capital LLC increased its stake in shares of Telefonica Brasil SA by 90.5% in the fourth quarter. Guggenheim Capital LLC now owns 354,048 shares of the Wireless communications provider’s stock valued at $4,737,000 after buying an additional 168,234 shares during the last quarter. Hedge funds and other institutional investors own 10.19% of the company’s stock.

Shares of Telefonica Brasil SA (NYSE:VIV) traded up 0.912% during mid-day trading on Tuesday, hitting $14.935. 1,299,144 shares of the stock traded hands. Telefonica Brasil SA has a 52 week low of $11.28 and a 52 week high of $15.69. The firm’s 50-day moving average is $14.68 and its 200-day moving average is $14.08. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of 19.421 and a beta of 1.50.

The business also recently disclosed a dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, May 1st will be given a $0.353 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This is an increase from Telefonica Brasil SA’s previous dividend of $0.06. Telefonica Brasil SA’s payout ratio is presently 81.54%.

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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. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

5 Day Chart for NYSE:VIV

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