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

Telefônica Brasil S.A. (NYSE:VIVGet Rating) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.33.

Several research analysts have commented on VIV shares. Bank of America upgraded Telefônica Brasil from a “neutral” rating to a “buy” rating in a research note on Thursday, June 30th. The Goldman Sachs Group dropped their price target on Telefônica Brasil from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Finally, FIX downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating and set a $56.00 price target for the company. in a research report on Wednesday, June 8th.

Telefônica Brasil Stock Up 0.3 %

Shares of NYSE VIV opened at $7.99 on Thursday. Telefônica Brasil has a 52 week low of $7.61 and a 52 week high of $11.78. The business has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $9.67. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.17. The company has a market cap of $13.40 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.66 and a beta of 0.48.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, September 1st. Investors of record on Friday, January 1st were issued a dividend of $0.0296 per share. The ex-dividend date was Thursday, September 1st. This represents a dividend yield of 7.8%. Telefônica Brasil’s dividend payout ratio is 57.38%.

Hedge Funds Weigh In On Telefônica Brasil

A number of large investors have recently modified their holdings of the company. American Trust Investment Advisors LLC raised its holdings in shares of Telefônica Brasil by 5.8% during the 1st quarter. American Trust Investment Advisors LLC now owns 18,670 shares of the Wireless communications provider’s stock valued at $210,000 after buying an additional 1,020 shares in the last quarter. Atlas Capital Advisors LLC raised its holdings in shares of Telefônica Brasil by 52.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 3,438 shares of the Wireless communications provider’s stock valued at $39,000 after buying an additional 1,184 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Telefônica Brasil by 3.9% during the 1st quarter. Wetherby Asset Management Inc. now owns 32,592 shares of the Wireless communications provider’s stock valued at $367,000 after buying an additional 1,214 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Telefônica Brasil by 17.9% during the 1st quarter. HighTower Advisors LLC now owns 12,097 shares of the Wireless communications provider’s stock valued at $136,000 after buying an additional 1,839 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Telefônica Brasil by 3.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,259 shares of the Wireless communications provider’s stock valued at $723,000 after buying an additional 1,909 shares in the last quarter. 7.07% of the stock is owned by hedge funds and other institutional investors.

About Telefônica Brasil

(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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Analyst Recommendations for Telefônica Brasil (NYSE:VIV)

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