Telefonica Brasil (NYSE:VIV) Sets New 12-Month Low – What’s Next?

Telefonica Brasil S.A. (NYSE:VIV)’s stock price hit a new 52-week low during trading on Friday. The stock traded as low as $11.17 and last traded at $11.1850, with a volume of 234791 shares trading hands. The stock had previously closed at $11.36.

Analyst Upgrades and Downgrades

VIV has been the topic of several recent analyst reports. Barclays set a $16.00 price target on Telefonica Brasil in a research note on Wednesday, July 29th. Morgan Stanley set a $14.00 price objective on shares of Telefonica Brasil in a research report on Thursday, August 20th. Finally, Weiss Ratings lowered Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $14.66.

Telefonica Brasil Stock Performance

The stock has a market cap of $18.37 billion, a P/E ratio of 14.46, a PEG ratio of 0.65 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89. The company has a fifty day moving average of $11.90 and a 200 day moving average of $13.59.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. On average, equities analysts predict that Telefonica Brasil S.A. will post 0.94 earnings per share for the current fiscal year.

Telefonica Brasil Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd were issued a $0.4562 dividend. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 76.92%.

Institutional Trading of Telefonica Brasil

Hedge funds have recently bought and sold shares of the company. Compound Planning Inc. lifted its position in shares of Telefonica Brasil by 5.3% during the 1st quarter. Compound Planning Inc. now owns 16,750 shares of the Wireless communications provider’s stock worth $266,000 after purchasing an additional 839 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Telefonica Brasil by 11.5% during the 1st quarter. SG Americas Securities LLC now owns 10,347 shares of the Wireless communications provider’s stock worth $165,000 after purchasing an additional 1,064 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of Telefonica Brasil by 5.4% in the 1st quarter. Personal CFO Solutions LLC now owns 21,793 shares of the Wireless communications provider’s stock valued at $348,000 after buying an additional 1,111 shares in the last quarter. Kathmere Capital Management LLC raised its position in Telefonica Brasil by 2.3% in the first quarter. Kathmere Capital Management LLC now owns 72,933 shares of the Wireless communications provider’s stock worth $1,160,000 after purchasing an additional 1,656 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Telefonica Brasil by 74.6% in the 2nd quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 1,943 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

About Telefonica Brasil

Telefônica Brasil SA, operating under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector organizations throughout Brazil. The company provides mobile voice and data services, wireless connectivity and related digital communications solutions.

Its fixed-line business includes broadband internet delivered primarily through fiber-optic networks, as well as voice and other connectivity services. Telefônica Brasil also offers information technology, cloud, cybersecurity, Internet of Things and managed communications solutions to corporate and institutional customers.