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

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.70.

VIV has been the topic of several analyst reports. Scotiabank upped their price target on shares of Telefonica Brasil from $8.80 to $12.50 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Zacks Research downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Telefonica Brasil in a report on Friday, August 8th. Wall Street Zen raised shares of Telefonica Brasil from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group boosted their price objective on shares of Telefonica Brasil from $11.40 to $12.60 and gave the company a “buy” rating in a research report on Tuesday, August 19th.

Telefonica Brasil Stock Down 1.2%

Shares of VIV stock opened at $12.46 on Tuesday. The stock has a market cap of $20.26 billion, a P/E ratio of 20.09, a PEG ratio of 0.85 and a beta of 0.81. Telefonica Brasil has a 52 week low of $7.47 and a 52 week high of $12.92. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $11.70 and its two-hundred day simple moving average is $12.86.

Telefonica Brasil (NYSE:VIV) last posted its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $14.48 billion. Analysts predict that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

Telefonica Brasil Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 1st. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.0369 per share. The ex-dividend date is Tuesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. Telefonica Brasil’s dividend payout ratio (DPR) is currently 46.77%.

Hedge Funds Weigh In On Telefonica Brasil

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its position in Telefonica Brasil by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 1,067 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 3,266 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Telefonica Brasil in the first quarter worth $41,000. Advisors Asset Management Inc. purchased a new position in shares of Telefonica Brasil in the first quarter worth $52,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 3,248 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company 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 and wireless roaming services.