Brokerages Set Telefônica Brasil S.A. (NYSE:VIV) Price Target at $11.17

Shares of Telefônica Brasil S.A. (NYSE:VIV) have earned an average recommendation of “Moderate Buy” from the four ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $11.17.

A number of brokerages have issued reports on VIV. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Barclays upped their target price on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 9th.

Telefônica Brasil Stock Performance

Shares of Telefônica Brasil stock opened at $9.81 on Wednesday. The company has a market cap of $16.32 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The business has a 50 day moving average price of $9.14 and a 200-day moving average price of $9.28.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the business earned $0.14 EPS. Equities analysts anticipate that Telefônica Brasil will post 0.61 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently announced a — dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.0379 per share. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio is currently 47.62%.

Institutional Trading of Telefônica Brasil

A number of large investors have recently bought and sold shares of VIV. Kathmere Capital Management LLC grew its stake in shares of Telefônica Brasil by 4.1% during the 2nd quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after acquiring an additional 1,150 shares during the period. Gabelli Funds LLC boosted its position in Telefônica Brasil by 0.5% during the first quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock worth $3,323,000 after purchasing an additional 1,500 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Telefônica Brasil by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock worth $464,000 after purchasing an additional 1,558 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of Telefônica Brasil by 11.9% in the first quarter. Bleakley Financial Group LLC now owns 15,264 shares of the Wireless communications provider’s stock valued at $154,000 after purchasing an additional 1,625 shares during the period. Finally, Janiczek Wealth Management LLC raised its position in shares of Telefônica Brasil by 3.1% in the first quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock valued at $763,000 after purchasing 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.