Telefonica Brasil S.A. (NYSE:VIV) Given Average Recommendation of “Reduce” by Analysts

Telefonica Brasil S.A. (NYSE:VIV) has been given a consensus recommendation of “Reduce” by the ten research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.26.

A number of analysts have recently issued reports on VIV shares. The Goldman Sachs Group began coverage on shares of Telefonica Brasil in a research note on Monday, May 18th. They set a “sell” rating and a $13.90 price objective on the stock. Zacks Research lowered shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Barclays set a $16.00 price objective on shares of Telefonica Brasil in a report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 7th.

Institutional Investors Weigh In On Telefonica Brasil

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda acquired a new stake in shares of Telefonica Brasil in the 4th quarter valued at about $4,211,000. Barometer Capital Management Inc. acquired a new position in Telefonica Brasil in the first quarter worth about $1,277,000. Opal Capital LLC acquired a new position in Telefonica Brasil in the first quarter worth about $4,255,000. Hsbc Holdings PLC increased its holdings in Telefonica Brasil by 26.5% in the fourth quarter. Hsbc Holdings PLC now owns 190,168 shares of the Wireless communications provider’s stock valued at $2,259,000 after buying an additional 39,782 shares during the last quarter. Finally, Diversify Wealth Management LLC raised its stake in Telefonica Brasil by 41.2% during the first quarter. Diversify Wealth Management LLC now owns 150,583 shares of the Wireless communications provider’s stock valued at $2,290,000 after buying an additional 43,939 shares in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Brasil Price Performance

Shares of NYSE VIV opened at $11.41 on Tuesday. The stock has a fifty day moving average price of $13.04 and a 200 day moving average price of $14.51. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. Telefonica Brasil has a 12-month low of $11.18 and a 12-month high of $17.25. The company has a market cap of $18.56 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.63 and a beta of 0.57.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings results on Monday, July 27th. The Wireless communications provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Telefonica Brasil had a return on equity of 9.72% and a net margin of 10.64%.The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. Research analysts anticipate that Telefonica Brasil will post 0.96 EPS for the current fiscal year.

Telefonica Brasil Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 21st. Investors of record on Friday, May 22nd were issued a $0.4562 dividend. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 78.21%.

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.