Telefonica Brasil SA (NYSE:VIV)‘s stock had its “hold” rating reiterated by investment analysts at Royal Bank of Canada in a report released on Tuesday. They currently have a $15.50 price objective on the Wireless communications provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 0.06% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Telefonica Brasil SA from a “buy” rating to a “hold” rating in a report on Monday, May 8th. TheStreet upgraded shares of Telefonica Brasil SA from a “c” rating to a “b-” rating in a research report on Wednesday, March 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.67.

Analyst Recommendations for Telefonica Brasil SA (NYSE:VIV)

Shares of Telefonica Brasil SA (NYSE:VIV) traded up 0.98% during mid-day trading on Tuesday, hitting $15.49. The stock had a trading volume of 1,702,964 shares. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 20.33 and a beta of 1.50. The stock’s 50-day moving average is $14.84 and its 200 day moving average is $14.22. Telefonica Brasil SA has a 1-year low of $11.28 and a 1-year high of $15.69.

The firm also recently declared a dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, May 1st were given a $0.353 dividend. The ex-dividend date of this dividend was Thursday, April 27th. This is an increase from Telefonica Brasil SA’s previous dividend of $0.06. Telefonica Brasil SA’s dividend payout ratio (DPR) is presently 81.54%.

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Several hedge funds have recently made changes to their positions in VIV. GRATRY & Co LLC boosted its stake in shares of Telefonica Brasil SA by 1.1% in the first quarter. GRATRY & Co LLC now owns 11,352 shares of the Wireless communications provider’s stock worth $169,000 after buying an additional 125 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Telefonica Brasil SA by 2.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,604 shares of the Wireless communications provider’s stock worth $143,000 after buying an additional 200 shares during the period. Comerica Bank boosted its stake in shares of Telefonica Brasil SA by 0.5% in the first quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock worth $963,000 after buying an additional 344 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Telefonica Brasil SA by 1.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,867 shares of the Wireless communications provider’s stock worth $1,111,000 after buying an additional 956 shares during the period. Finally, World Asset Management Inc boosted its stake in shares of Telefonica Brasil SA by 1.5% in the first quarter. World Asset Management Inc now owns 69,745 shares of the Wireless communications provider’s stock worth $1,036,000 after buying an additional 1,030 shares during the period. 10.19% of the stock is owned by hedge funds and other institutional investors.

About Telefonica Brasil SA

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.

5 Day Chart for NYSE:VIV

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