Telefonica Brasil S.A. (NYSE:VIV) Stock Has Average Price Target of $14.66

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been given a consensus recommendation of “Reduce” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.66.

Several research analysts recently issued reports on VIV shares. Barclays set a $16.00 target price on shares of Telefonica Brasil in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Telefonica Brasil in a research note on Friday, October 2nd. Finally, Morgan Stanley set a $14.00 price target on Telefonica Brasil in a research report on Thursday, August 20th.

Telefonica Brasil Price Performance

Shares of NYSE VIV opened at $12.19 on Wednesday. The stock’s 50-day simple moving average is $11.79 and its two-hundred day simple moving average is $13.46. Telefonica Brasil has a twelve month low of $11.17 and a twelve month high of $17.25. The firm has a market capitalization of $19.83 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.69 and a beta of 0.52. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.22.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. As a group, equities analysts anticipate that Telefonica Brasil will post 0.94 EPS for the current fiscal year.

Telefonica Brasil Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were issued a $0.4562 dividend. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is presently 76.92%.

Hedge Funds Weigh In On Telefonica Brasil

Large investors have recently modified their holdings of the company. TrueMark Investments LLC purchased a new stake in shares of Telefonica Brasil in the 1st quarter valued at $4,255,000. Opal Capital LLC bought a new position in shares of Telefonica Brasil during the 1st quarter valued at $4,255,000. Tidal Investments LLC raised its position in Telefonica Brasil by 54.5% in the 2nd quarter. Tidal Investments LLC now owns 477,011 shares of the Wireless communications provider’s stock worth $6,277,000 after purchasing an additional 168,185 shares during the period. B. Metzler seel. Sohn & Co. AG raised its position in Telefonica Brasil by 286.3% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 140,456 shares of the Wireless communications provider’s stock worth $1,848,000 after purchasing an additional 104,100 shares during the period. Finally, Barometer Capital Management Inc. purchased a new position in Telefonica Brasil in the 1st quarter worth $1,277,000. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA, operating under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector organizations throughout Brazil. The company provides mobile voice and data services, wireless connectivity and related digital communications solutions.

Its fixed-line business includes broadband internet delivered primarily through fiber-optic networks, as well as voice and other connectivity services. Telefônica Brasil also offers information technology, cloud, cybersecurity, Internet of Things and managed communications solutions to corporate and institutional customers.