Telefonica Brasil (VIV) Reaches New 12-Month Low at $9.21

Telefonica Brasil SA (NYSE:VIV)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $9.21 and last traded at $9.33, with a volume of 65616 shares changing hands. The stock had previously closed at $9.23.

Several equities analysts have commented on the stock. Barclays decreased their price target on shares of Telefonica Brasil from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, July 11th. Royal Bank of Canada reissued a “hold” rating and issued a $12.50 price target on shares of Telefonica Brasil in a research report on Tuesday, July 31st. Scotiabank set a $14.00 price target on shares of Telefonica Brasil and gave the company a “buy” rating in a research report on Tuesday, July 31st. JPMorgan Chase & Co. cut shares of Telefonica Brasil from a “neutral” rating to an “underweight” rating in a research report on Monday, July 30th. Finally, TheStreet cut shares of Telefonica Brasil from a “b-” rating to a “c” rating in a research report on Monday, July 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.10.

The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. 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 (NYSE:VIV) last announced its quarterly earnings data 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 net margin of 15.70% and a return on equity of 9.70%. The firm had revenue of $3.02 billion during the quarter. research analysts forecast that Telefonica Brasil SA will post 1.07 EPS for the current year.

The company also recently disclosed a dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 19th were issued a $0.353 dividend. This is a positive change from Telefonica Brasil’s previous dividend of $0.06. The ex-dividend date was Tuesday, September 18th. Telefonica Brasil’s dividend payout ratio (DPR) is presently 44.71%.

Several institutional investors and hedge funds have recently made changes to their positions in VIV. Wells Fargo & Company MN raised its holdings in shares of Telefonica Brasil by 69.7% in the 1st quarter. Wells Fargo & Company MN now owns 855,651 shares of the Wireless communications provider’s stock valued at $13,143,000 after purchasing an additional 351,400 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Telefonica Brasil in the 1st quarter valued at $209,000. Neuberger Berman Group LLC raised its holdings in shares of Telefonica Brasil by 43.4% in the 1st quarter. Neuberger Berman Group LLC now owns 88,971 shares of the Wireless communications provider’s stock valued at $1,367,000 after purchasing an additional 26,911 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Telefonica Brasil by 15.3% in the 1st quarter. Northern Trust Corp now owns 809,835 shares of the Wireless communications provider’s stock valued at $12,440,000 after purchasing an additional 107,609 shares in the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in shares of Telefonica Brasil in the 1st quarter valued at $8,792,000. Institutional investors and hedge funds own 10.02% of the company’s stock.

About Telefonica Brasil (NYSE:VIV)

Telefônica 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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