Telefonica Brasil SA (VIV) Receives Consensus Recommendation of “Hold” from Analysts

Telefonica Brasil SA (NYSE:VIV) has been given an average rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.38.

A number of equities analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Telefonica Brasil from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 11th. TheStreet cut shares of Telefonica Brasil from a “b-” rating to a “c” rating in a research note on Monday, July 2nd. JPMorgan Chase & Co. cut shares of Telefonica Brasil from a “neutral” rating to an “underweight” rating in a research note on Monday, July 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.50 price target on shares of Telefonica Brasil in a research note on Tuesday, July 31st. Finally, Scotiabank set a $14.00 price target on shares of Telefonica Brasil and gave the stock a “buy” rating in a research note on Tuesday, July 31st.

NYSE:VIV opened at $10.02 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.88 and a current ratio of 0.90. Telefonica Brasil has a fifty-two week low of $9.21 and a fifty-two week high of $17.33. The firm has a market cap of $16.43 billion, a PE ratio of 11.79, a P/E/G ratio of 1.45 and a beta of 1.24.

Telefonica Brasil (NYSE:VIV) last posted 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 7.81% and a net margin of 15.71%. The company had revenue of $3.02 billion for the quarter. As a group, equities research analysts expect that Telefonica Brasil will post 1.07 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Wednesday, September 19th. Investors of record on Wednesday, September 19th were paid a $0.353 dividend. This is a boost from Telefonica Brasil’s previous dividend of $0.06. The ex-dividend date of this dividend was Tuesday, September 18th. Telefonica Brasil’s dividend payout ratio is presently 44.71%.

A number of hedge funds and other institutional investors have recently modified their holdings of VIV. Artisan Partners Limited Partnership grew its stake in Telefonica Brasil by 16.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 92,417,978 shares of the Wireless communications provider’s stock valued at $1,097,001,000 after acquiring an additional 13,247,352 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in Telefonica Brasil in the 2nd quarter valued at about $9,162,000. Pzena Investment Management LLC grew its stake in Telefonica Brasil by 14.0% in the 2nd quarter. Pzena Investment Management LLC now owns 5,498,838 shares of the Wireless communications provider’s stock valued at $65,271,000 after acquiring an additional 674,584 shares during the last quarter. Millennium Management LLC grew its stake in Telefonica Brasil by 103.8% in the 2nd quarter. Millennium Management LLC now owns 907,124 shares of the Wireless communications provider’s stock valued at $10,768,000 after acquiring an additional 462,009 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Telefonica Brasil by 703.3% in the 1st quarter. JPMorgan Chase & Co. now owns 406,995 shares of the Wireless communications provider’s stock valued at $6,251,000 after acquiring an additional 356,331 shares during the last quarter. 10.02% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Brasil Company Profile

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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Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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