Analysts Set Telefonica Brasil S.A. (NYSE:VIV) Price Target at $14.16

Telefonica Brasil S.A. (NYSE:VIV) has been given a consensus recommendation of “Reduce” by the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.16.

Several analysts have recently commented on the company. The Goldman Sachs Group began coverage on Telefonica Brasil in a report on Monday, May 18th. They set a “sell” rating and a $13.90 price objective for the company. Barclays set a $15.50 target price on shares of Telefonica Brasil and gave the company an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings cut Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Bradesco Corretora cut Telefonica Brasil to a “neutral” rating in a research note on Tuesday, April 28th.

Institutional Trading of Telefonica Brasil

Large investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its holdings in Telefonica Brasil by 0.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 17,145,564 shares of the Wireless communications provider’s stock valued at $203,346,000 after purchasing an additional 145,449 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Telefonica Brasil in the fourth quarter worth about $4,211,000. Newbridge Financial Services Group Inc. bought a new position in shares of Telefonica Brasil in the 4th quarter worth about $446,000. Barometer Capital Management Inc. acquired a new position in shares of Telefonica Brasil in the 1st quarter valued at about $1,277,000. Finally, Hsbc Holdings PLC increased its position in shares of Telefonica Brasil by 26.5% during the 4th quarter. Hsbc Holdings PLC now owns 190,168 shares of the Wireless communications provider’s stock valued at $2,259,000 after purchasing an additional 39,782 shares during the period. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Stock Up 0.0%

Shares of VIV opened at $14.05 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $13.41 and a 200 day moving average of $14.56. The company has a market cap of $22.86 billion, a PE ratio of 18.99, a P/E/G ratio of 0.74 and a beta of 0.56. Telefonica Brasil has a 52-week low of $10.82 and a 52-week high of $17.25.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.98 billion. Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. On average, sell-side analysts expect that Telefonica Brasil will post 0.97 EPS for the current year.

Telefonica Brasil Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd were given a dividend of $0.4562 per share. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s payout ratio is 37.84%.

About Telefonica Brasil

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.