Telefônica Brasil (NYSE:VIV) Price Target Lowered to $13.00 at Barclays

Telefônica Brasil (NYSE:VIV) had its target price lowered by Barclays from $13.50 to $13.00 in a report published on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the Wireless communications provider’s stock.

A number of other analysts have also weighed in on VIV. Morgan Stanley reissued an equal weight rating and issued a $11.00 price objective on shares of Telefônica Brasil in a research report on Friday, January 5th. StockNews.com raised shares of Telefônica Brasil from a buy rating to a strong-buy rating in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $11.60.

Telefônica Brasil Stock Down 0.2 %

Shares of NYSE:VIV opened at $9.39 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Telefônica Brasil has a 12 month low of $7.87 and a 12 month high of $11.43. The company has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.24. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.73 and a beta of 0.75.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. The firm had revenue of $2.73 billion during the quarter. As a group, equities research analysts predict that Telefônica Brasil will post 0.7 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The business also recently announced a — dividend, which was paid on Tuesday, April 9th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.1823 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This is a positive change from Telefônica Brasil’s previous — dividend of $0.03. This represents a dividend yield of 4%. Telefônica Brasil’s dividend payout ratio (DPR) is 41.94%.

Hedge Funds Weigh In On Telefônica Brasil

A number of institutional investors have recently modified their holdings of the stock. BSW Wealth Partners increased its position in shares of Telefônica Brasil by 18.8% during the first quarter. BSW Wealth Partners now owns 21,257 shares of the Wireless communications provider’s stock worth $214,000 after acquiring an additional 3,368 shares during the period. Norden Group LLC purchased a new position in Telefônica Brasil during the first quarter valued at approximately $292,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Telefônica Brasil by 2.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 184,212 shares of the Wireless communications provider’s stock valued at $1,855,000 after buying an additional 4,000 shares during the period. Kathmere Capital Management LLC increased its holdings in Telefônica Brasil by 15.1% during the first quarter. Kathmere Capital Management LLC now owns 27,727 shares of the Wireless communications provider’s stock valued at $279,000 after buying an additional 3,639 shares during the period. Finally, Janiczek Wealth Management LLC increased its holdings in Telefônica Brasil by 3.1% during the first quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock valued at $763,000 after buying an additional 2,292 shares during the period. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company 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, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.