Telefônica Brasil (NYSE:VIV) Price Target Cut to $13.00

Telefônica Brasil (NYSE:VIV) had its price objective reduced by Barclays from $13.50 to $13.00 in a research report report published on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the Wireless communications provider’s stock.

VIV has been the topic of a number of other reports. Morgan Stanley reaffirmed an equal weight rating and set a $11.00 price objective on shares of Telefônica Brasil in a report on Friday, January 5th. StockNews.com raised Telefônica Brasil from a buy rating to a strong-buy rating in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $11.60.

Telefônica Brasil Stock Down 1.2 %

NYSE VIV opened at $9.31 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $10.22 and its two-hundred day moving average is $10.23. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.73 and a beta of 0.75. Telefônica Brasil has a 1-year low of $7.87 and a 1-year high of $11.43.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The company had revenue of $2.73 billion for the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. Equities analysts forecast that Telefônica Brasil will post 0.7 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, January 1st will be issued a $0.0373 dividend. This represents a dividend yield of 4.7%. The ex-dividend date is Tuesday, April 30th. Telefônica Brasil’s payout ratio is currently 41.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Campbell & CO Investment Adviser LLC acquired a new position in shares of Telefônica Brasil in the 3rd quarter worth approximately $96,000. Euro Pacific Asset Management LLC boosted its holdings in shares of Telefônica Brasil by 10.0% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 1,113 shares in the last quarter. Personal CFO Solutions LLC bought a new position in Telefônica Brasil in the 4th quarter worth approximately $136,000. Aprio Wealth Management LLC bought a new position in Telefônica Brasil in the 4th quarter worth approximately $143,000. Finally, Acadian Asset Management LLC bought a new position in Telefônica Brasil in the 3rd quarter worth approximately $115,000. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Company Profile

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.