Telefonica Brasil SA (NYSE:VIV) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $9.21 and last traded at $9.33, with a volume of 65616 shares changing hands. The stock had previously closed at $9.23.

VIV has been the subject of a number of recent research reports. Morgan Stanley raised shares of Telefonica Brasil from an “equal weight” rating to an “overweight” rating in a report on Wednesday, June 13th. Zacks Investment Research downgraded shares of Telefonica Brasil from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Barclays cut their price objective on shares of Telefonica Brasil from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, July 11th. TheStreet downgraded shares of Telefonica Brasil from a “b-” rating to a “c” rating in a report on Monday, July 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Telefonica Brasil from a “neutral” rating to an “underweight” rating in a report on Monday, July 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.10.

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.88 and a current ratio of 0.90. The firm has a market cap of $16.26 billion, a PE ratio of 10.87, a PEG ratio of 1.44 and a beta of 1.31.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Thursday, July 26th. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). Telefonica Brasil had a return on equity of 9.70% and a net margin of 15.70%. The firm had revenue of $3.02 billion for the quarter. equities analysts anticipate that Telefonica Brasil SA will post 1.07 earnings per share for the current year.

The company also recently declared a dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 19th were issued a dividend of $0.353 per share. The ex-dividend date of this dividend was Tuesday, September 18th. This is an increase from Telefonica Brasil’s previous dividend of $0.06. Telefonica Brasil’s dividend payout ratio is 44.71%.

Several institutional investors have recently modified their holdings of VIV. Artisan Partners Limited Partnership lifted its holdings in shares of Telefonica Brasil by 16.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 92,417,978 shares of the Wireless communications provider’s stock worth $1,097,001,000 after acquiring an additional 13,247,352 shares during the period. Schafer Cullen Capital Management Inc. increased its position in Telefonica Brasil by 23.1% during the 1st quarter. Schafer Cullen Capital Management Inc. now owns 5,955,968 shares of the Wireless communications provider’s stock worth $91,484,000 after purchasing an additional 1,118,671 shares in the last quarter. Advisors Capital Management LLC acquired a new position in Telefonica Brasil during the 2nd quarter worth approximately $9,162,000. Pzena Investment Management LLC increased its position in Telefonica Brasil by 14.0% during the 2nd quarter. Pzena Investment Management LLC now owns 5,498,838 shares of the Wireless communications provider’s stock worth $65,271,000 after purchasing an additional 674,584 shares in the last quarter. Finally, Federated Investors Inc. PA acquired a new position in Telefonica Brasil during the 1st quarter worth approximately $8,792,000. 10.02% of the stock is owned by institutional investors.

Telefonica Brasil Company Profile (NYSE:VIV)

TelefĂ´nica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers 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 and 4G, as well as mobile value-added services and wireless roaming services.

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