Telefônica Brasil S.A. (NYSE:VIV) Given Average Rating of “Hold” by Brokerages

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.

Telefônica Brasil (NYSE:VIV – Get Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Telefônica Brasil had a return on equity of 7.37% and a net margin of 14.07%. As a group, sell-side analysts anticipate that Telefônica Brasil will post 0.64 EPS for the current year.

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)

Telefônica 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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