Telefônica Brasil S.A. (NYSE:VIV) Receives Average Rating of “Moderate Buy” from Brokerages

Telefônica Brasil S.A. (NYSE:VIV) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $11.35.

Separately, Barclays reduced their price target on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th.

Telefônica Brasil Stock Performance

Shares of VIV stock opened at $8.08 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a market cap of $13.44 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 0.68 and a beta of 0.81. The stock has a 50-day moving average of $8.78 and a 200-day moving average of $9.85. Telefônica Brasil has a one year low of $8.02 and a one year high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 EPS for the quarter. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. As a group, sell-side analysts expect that Telefônica Brasil will post 0.68 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The firm also recently declared a — dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, January 1st were issued a dividend of $0.0166 per share. This represents a yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 27th. Telefônica Brasil’s dividend payout ratio is 44.44%.

Institutional Investors Weigh In On Telefônica Brasil

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Advisors LLC acquired a new stake in Telefônica Brasil during the 1st quarter valued at $236,000. B. Riley Wealth Advisors Inc. bought a new position in Telefônica Brasil during the 1st quarter worth $123,000. Gabelli Funds LLC increased its position in Telefônica Brasil by 0.5% during the 1st quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock worth $3,323,000 after buying an additional 1,500 shares during the period. O Shaughnessy Asset Management LLC increased its position in Telefônica Brasil by 20.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 399,318 shares of the Wireless communications provider’s stock worth $4,021,000 after buying an additional 67,414 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Telefônica Brasil during the 1st quarter worth $650,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

About Telefônica Brasil

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.