Telefônica Brasil S.A. (NYSE:VIV – Get Rating) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.00.
A number of analysts have issued reports on VIV shares. Citigroup started coverage on Telefônica Brasil in a report on Monday. They set a “neutral” rating for the company. Zacks Investment Research raised Telefônica Brasil from a “sell” rating to a “hold” rating in a report on Wednesday, March 2nd. Scotiabank downgraded Telefônica Brasil from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, April 7th. Finally, StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 9th.
VIV stock opened at $11.40 on Monday. The business has a fifty day moving average of $10.36 and a two-hundred day moving average of $9.23. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.44. Telefônica Brasil has a 52-week low of $7.61 and a 52-week high of $11.78.
The business also recently declared a None dividend, which will be paid on Tuesday, October 25th. Investors of record on Thursday, April 28th will be given a $0.235 dividend. The ex-dividend date of this dividend is Wednesday, April 27th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 52.94%.
Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its position in Telefônica Brasil by 86.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,151 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 2,387 shares during the period. Quadrant Capital Group LLC increased its position in Telefônica Brasil by 38.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,931 shares of the Wireless communications provider’s stock worth $51,000 after purchasing an additional 1,633 shares during the period. JustInvest LLC acquired a new position in Telefônica Brasil during the 3rd quarter worth approximately $90,000. HighTower Advisors LLC acquired a new position in Telefônica Brasil during the 4th quarter worth approximately $90,000. Finally, LPL Financial LLC purchased a new stake in shares of Telefônica Brasil during the 3rd quarter worth approximately $98,000. Hedge funds and other institutional investors own 7.66% of the company’s stock.
Telefônica Brasil Company Profile (Get Rating)
TelefÃ´nica Brasil SA, together with its subsidiaries, provides mobile and fixed 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, 4G, 4.5G, and 5G as well as mobile value-added services and wireless roaming services.
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