Telefonica Brasil S.A. (NYSE:VIV) Receives Average Recommendation of “Reduce” from Brokerages

Telefonica Brasil S.A. (NYSE:VIV) has received an average rating of “Reduce” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.26.

VIV has been the subject of several analyst reports. Bradesco Corretora downgraded Telefonica Brasil to a “neutral” rating in a report on Tuesday, April 28th. Weiss Ratings cut Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 7th. Barclays set a $16.00 price objective on Telefonica Brasil in a research report on Wednesday, July 29th. Scotiabank dropped their target price on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Finally, Zacks Research downgraded Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th.

Institutional Trading of Telefonica Brasil

Several institutional investors have recently made changes to their positions in VIV. Kapitalo Investimentos Ltda acquired a new stake in Telefonica Brasil during the fourth quarter worth about $4,211,000. Barometer Capital Management Inc. acquired a new position in shares of Telefonica Brasil in the 1st quarter valued at about $1,277,000. Opal Capital LLC purchased a new stake in shares of Telefonica Brasil during the 1st quarter worth about $4,255,000. Hsbc Holdings PLC increased its position in Telefonica Brasil by 26.5% during the 4th quarter. Hsbc Holdings PLC now owns 190,168 shares of the Wireless communications provider’s stock worth $2,259,000 after purchasing an additional 39,782 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its position in Telefonica Brasil by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 150,583 shares of the Wireless communications provider’s stock worth $2,290,000 after purchasing an additional 43,939 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil Price Performance

Telefonica Brasil stock opened at $11.41 on Tuesday. Telefonica Brasil has a 12-month low of $11.18 and a 12-month high of $17.25. The stock has a market capitalization of $18.56 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.63 and a beta of 0.57. The firm’s 50-day moving average is $13.04 and its two-hundred day moving average is $14.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, July 27th. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. Equities analysts predict that Telefonica Brasil will post 0.96 earnings per share for the current year.

Telefonica Brasil Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were issued a dividend of $0.4562 per share. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is presently 78.21%.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.