Telefonica Brasil S.A. (NYSE:VIV) Receives $14.36 Consensus Target Price from Brokerages

Telefonica Brasil S.A. (NYSE:VIV) has earned an average rating of “Reduce” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.36.

Several analysts recently weighed in on VIV shares. New Street Research upgraded Telefonica Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Scotiabank dropped their price objective on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Wall Street Zen downgraded Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Bradesco Corretora downgraded Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings downgraded Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th.

Hedge Funds Weigh In On Telefonica Brasil

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Telefonica Brasil by 30.3% in the first quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider’s stock worth $3,758,000 after acquiring an additional 100,315 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Telefonica Brasil in the first quarter worth approximately $52,000. Rhumbline Advisers boosted its holdings in 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 acquiring an additional 3,266 shares in the last quarter. Cetera Investment Advisers increased its position in Telefonica Brasil by 13.8% in the second quarter. Cetera Investment Advisers now owns 48,646 shares of the Wireless communications provider’s stock worth $555,000 after buying an additional 5,902 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Telefonica Brasil by 31.1% in the second quarter. JPMorgan Chase & Co. now owns 79,937 shares of the Wireless communications provider’s stock worth $911,000 after buying an additional 18,975 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors.

Telefonica Brasil Stock Performance

NYSE:VIV opened at $12.81 on Thursday. The stock has a fifty day moving average price of $14.97 and a 200-day moving average price of $14.31. The company has a market cap of $20.83 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.68 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.03 and a current ratio of 1.10. Telefonica Brasil has a fifty-two week low of $10.44 and a fifty-two week high of $17.25.

Telefonica Brasil (NYSE:VIV) last released its earnings results 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 company 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%. As a group, equities analysts anticipate that Telefonica Brasil will post 0.97 EPS for the current fiscal year.

Telefonica Brasil Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be given a $0.4562 dividend. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is currently 100.00%.

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.