Telefonica Brasil S.A. (NYSE:VIV) Stock Has Consensus Price Target of $14.66 According to Brokerages

Telefonica Brasil S.A. (NYSE:VIV) has earned a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.66.

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

Hedge Funds Weigh In On Telefonica Brasil

Several institutional investors have recently made changes to their positions in VIV. TrueMark Investments LLC purchased a new position in shares of Telefonica Brasil during the 1st quarter worth $4,255,000. Opal Capital LLC purchased a new stake in shares of Telefonica Brasil in the 1st quarter worth $4,255,000. Tidal Investments LLC raised its holdings 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 holdings 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 during the first quarter valued at $1,277,000. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Down 3.6%

VIV opened at $12.19 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $11.79 and a 200-day moving average price of $13.47. Telefonica Brasil has a twelve month low of $11.17 and a twelve month high of $17.25. The stock has a market capitalization of $19.83 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.71 and a beta of 0.52.

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

Telefonica Brasil Announces Dividend

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

About Telefonica Brasil

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.