Telefonica Brasil S.A. (NYSE:VIV) Receives $14.08 Average PT from Analysts

Telefonica Brasil S.A. (NYSE:VIV) has been given an average rating of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.16.

A number of research firms have commented on VIV. New Street Research raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Scotiabank increased their price target on shares of Telefonica Brasil from $15.30 to $15.70 and gave the company a “sector perform” rating in a report on Tuesday. Bradesco Corretora cut shares of Telefonica Brasil to a “neutral” rating in a research note on Tuesday, April 28th. Barclays set a $16.50 price objective on shares of Telefonica Brasil and gave the stock an “equal weight” rating in a report on Friday, April 17th. Finally, Zacks Research upgraded shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th.

Hedge Funds Weigh In On Telefonica Brasil

Hedge funds and other institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in Telefonica Brasil by 0.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 17,145,564 shares of the Wireless communications provider’s stock valued at $203,346,000 after purchasing an additional 145,449 shares during the last quarter. Invesco Ltd. raised its stake in shares of Telefonica Brasil by 8.3% during the 4th quarter. Invesco Ltd. now owns 3,094,219 shares of the Wireless communications provider’s stock worth $36,697,000 after buying an additional 237,601 shares during the last quarter. Aberdeen Group plc boosted its position in shares of Telefonica Brasil by 1.3% in the 4th quarter. Aberdeen Group plc now owns 2,949,455 shares of the Wireless communications provider’s stock worth $34,981,000 after buying an additional 37,899 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Telefonica Brasil by 22.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider’s stock worth $21,330,000 after buying an additional 307,501 shares in the last quarter. Finally, Amundi grew its stake in Telefonica Brasil by 3.4% in the 4th quarter. Amundi now owns 1,261,713 shares of the Wireless communications provider’s stock valued at $14,964,000 after acquiring an additional 40,932 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefonica Brasil Stock Performance

NYSE VIV opened at $14.26 on Friday. The stock has a market capitalization of $23.20 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 0.82 and a beta of 0.63. The business’s 50 day moving average is $15.83 and its two-hundred day moving average is $14.21. Telefonica Brasil has a 12-month low of $9.41 and a 12-month high of $17.25. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 0.21.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Monday, May 11th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. Research analysts expect that Telefonica Brasil will post 0.89 EPS for the current year.

Telefonica Brasil Dividend Announcement

The company 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 is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 62.16%.

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.