Telefônica Brasil S.A. (NYSE:VIV) Given Average Recommendation of “Moderate Buy” by Analysts

Telefônica Brasil S.A. (NYSE:VIV) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.60.

Several research firms recently commented on VIV. Barclays reduced their price objective on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, April 23rd. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th.

Telefônica Brasil Trading Down 4.8 %

Shares of Telefônica Brasil stock opened at $9.29 on Thursday. The firm has a market cap of $15.45 billion, a PE ratio of 14.98, a P/E/G ratio of 0.77 and a beta of 0.77. Telefônica Brasil has a 1 year low of $7.87 and a 1 year high of $11.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a fifty day moving average price of $10.01 and a 200-day moving average price of $10.28.

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

Telefônica Brasil Cuts Dividend

The business also recently declared a — dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, January 1st were given a $0.0373 dividend. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, April 30th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 48.39%.

Institutional Trading of Telefônica Brasil

Institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC lifted its holdings in shares of Telefônica Brasil by 24.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 302,011 shares of the Wireless communications provider’s stock worth $2,582,000 after buying an additional 59,194 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Telefônica Brasil in the 3rd quarter valued at $1,499,000. Pacer Advisors Inc. grew its position in shares of Telefônica Brasil by 10.6% during the 4th quarter. Pacer Advisors Inc. now owns 119,406 shares of the Wireless communications provider’s stock valued at $1,306,000 after purchasing an additional 11,447 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Telefônica Brasil in the fourth quarter worth $149,000. Finally, Caprock Group LLC raised its position in shares of Telefônica Brasil by 84.3% in the fourth quarter. Caprock Group LLC now owns 30,351 shares of the Wireless communications provider’s stock worth $332,000 after buying an additional 13,887 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.