Telefonica Brasil S.A. (VIV) Given Consensus Rating of “Hold” by Brokerages
Shares of Telefonica Brasil S.A. (NYSE:VIV) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.00.
A number of equities research analysts have recently commented on VIV shares. Royal Bank Of Canada set a $15.00 price objective on shares of Telefonica Brasil and gave the company a “hold” rating in a research note on Friday, July 28th. BidaskClub cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $15.00 target price on shares of Telefonica Brasil in a research note on Monday, August 14th.
Shares of Telefonica Brasil (NYSE:VIV) opened at 15.87 on Tuesday. The firm has a 50-day moving average of $15.75 and a 200 day moving average of $14.80. Telefonica Brasil has a 12-month low of $11.95 and a 12-month high of $16.85. The firm has a market capitalization of $26.80 billion, a price-to-earnings ratio of 21.13 and a beta of 1.36.
Telefonica Brasil (NYSE:VIV) last released its earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. The firm had revenue of $3.33 billion for the quarter. On average, equities research analysts expect that Telefonica Brasil will post $0.90 earnings per share for the current year.
The firm also recently announced a dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, October 3rd will be given a dividend of $0.05 per share. This is a positive change from Telefonica Brasil’s previous dividend of $0.02. The ex-dividend date is Monday, October 2nd. Telefonica Brasil’s dividend payout ratio is presently 74.32%.
Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in Telefonica Brasil by 178.1% in the second quarter. PNC Financial Services Group Inc. now owns 7,641 shares of the Wireless communications provider’s stock valued at $103,000 after buying an additional 4,893 shares during the period. Trexquant Investment LP bought a new position in shares of Telefonica Brasil during the 2nd quarter worth approximately $175,000. AXA bought a new position in shares of Telefonica Brasil during the 1st quarter worth approximately $177,000. Bayesian Capital Management LP bought a new position in shares of Telefonica Brasil during the 2nd quarter worth approximately $201,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Telefonica Brasil by 2,828.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,960 shares of the Wireless communications provider’s stock worth $215,000 after buying an additional 15,415 shares in the last quarter. Institutional investors and hedge funds own 10.02% of the company’s stock.
Telefonica Brasil Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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