Brokerages Set Telefonica Brasil S.A. (NYSE:VIV) Price Target at $13.98

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.08.

A number of research analysts recently weighed in on VIV shares. UBS Group downgraded shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research report on Wednesday, March 11th. Weiss Ratings raised shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. Barclays set a $16.50 target price on shares of Telefonica Brasil and gave the company an “equal weight” rating in a research report on Friday. Wall Street Zen raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Scotiabank lifted their price objective on shares of Telefonica Brasil from $12.50 to $15.30 and gave the company a “sector perform” rating in a research report on Monday, March 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VIV. Royal Bank of Canada grew its position in shares of Telefonica Brasil by 30.3% in the 1st quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider’s stock valued at $3,758,000 after acquiring an additional 100,315 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Telefonica Brasil in the 1st quarter valued at about $52,000. Rhumbline Advisers grew its position in shares of Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 3,266 shares during the period. Cetera Investment Advisers grew its position in shares of Telefonica Brasil by 13.8% in the 2nd quarter. Cetera Investment Advisers now owns 48,646 shares of the Wireless communications provider’s stock valued at $555,000 after acquiring an additional 5,902 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Telefonica Brasil by 31.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 79,937 shares of the Wireless communications provider’s stock valued at $911,000 after acquiring an additional 18,975 shares during the period. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Down 0.5%

Telefonica Brasil stock opened at $16.37 on Wednesday. The company has a market cap of $26.64 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.70. Telefonica Brasil has a 1-year low of $8.91 and a 1-year high of $17.25. The company has a fifty day simple moving average of $15.97 and a 200 day simple moving average of $13.79. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.21 earnings per share for the quarter. The business had revenue of $2.83 billion during the quarter. Telefonica Brasil had a net margin of 10.42% and a return on equity of 9.15%. Research analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current fiscal year.

Telefonica Brasil Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be given a $0.4562 dividend. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is 34.29%.

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.