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

Shares of Telefonica Brasil S.A. (NYSE:VIV) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.42.

VIV has been the topic of a number of research analyst reports. Bank of America began coverage on shares of Telefonica Brasil in a research report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price objective on the stock. UBS Group downgraded Telefonica Brasil from a “buy” rating to a “sell” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research raised Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Weiss Ratings upgraded Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th.

Telefonica Brasil Stock Down 0.7%

Telefonica Brasil stock opened at $15.24 on Friday. The company has a market capitalization of $24.79 billion, a PE ratio of 21.77, a PEG ratio of 0.68 and a beta of 0.68. Telefonica Brasil has a 12-month low of $8.19 and a 12-month high of $16.95. The firm’s fifty day moving average is $15.27 and its 200 day moving average is $13.40. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.21 EPS for the quarter. Telefonica Brasil had a net margin of 10.42% and a return on equity of 9.15%. The business had revenue of $2.83 billion during the quarter. As a group, sell-side analysts predict that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

Telefonica Brasil Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, July 21st. Investors of record on Friday, May 22nd will be given a $0.4562 dividend. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is presently 34.29%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Arax Advisory Partners grew its holdings in shares of Telefonica Brasil by 54.4% during the fourth quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,330 shares during the last quarter. Rhumbline Advisers increased its position in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. Westfuller Advisors LLC acquired a new stake in shares of Telefonica Brasil in the 3rd quarter worth about $59,000. EverSource Wealth Advisors LLC lifted its position in Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 3,248 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Telefonica Brasil by 45.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 1,619 shares in the last quarter. 5.16% of the stock is owned by 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.