Telefonica Brasil S.A. (NYSE:VIV) Receives $14.66 Average Price Target from Brokerages

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been given a consensus rating of “Reduce” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.66.

A number of analysts have recently commented on the stock. Barclays set a $16.00 target price on shares of Telefonica Brasil in a report on Wednesday, July 29th. Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 7th. Morgan Stanley set a $14.00 price objective on shares of Telefonica Brasil in a research note on Thursday, August 20th. Finally, Scotiabank decreased their target price on shares of 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.

Institutional Trading of Telefonica Brasil

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of Telefonica Brasil by 74.6% during the second quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 1,943 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Telefonica Brasil by 18.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,104 shares of the Wireless communications provider’s stock worth $72,000 after buying an additional 959 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Telefonica Brasil during the 1st quarter valued at about $121,000. SG Americas Securities LLC lifted its stake in Telefonica Brasil by 11.5% during the 1st quarter. SG Americas Securities LLC now owns 10,347 shares of the Wireless communications provider’s stock valued at $165,000 after acquiring an additional 1,064 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Telefonica Brasil by 6.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 11,802 shares of the Wireless communications provider’s stock valued at $140,000 after acquiring an additional 672 shares during the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Brasil Stock Performance

Telefonica Brasil stock opened at $11.95 on Friday. Telefonica Brasil has a fifty-two week low of $11.18 and a fifty-two week high of $17.25. The stock’s 50 day simple moving average is $12.32 and its two-hundred day simple moving average is $13.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 0.95. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.68 and a beta of 0.55.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 EPS 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 analysts’ expectations of $3.04 billion. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. As a group, analysts expect that Telefonica Brasil will post 0.94 earnings per share for the current fiscal year.

Telefonica Brasil Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were paid a $0.4562 dividend. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 53.85%.

About Telefonica Brasil

Telefonica Brasil SA, operating primarily under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector customers throughout Brazil. The company is a subsidiary of Spain-based Telefónica SA and is headquartered in São Paulo.

Vivo provides mobile voice and data services, wireless connectivity and related digital products. Its portfolio also includes fixed-line broadband, fiber-optic internet, television and other communications services, as well as information technology, cloud, cybersecurity and connectivity solutions for business customers.

The company traces its origins to the restructuring and privatization of Brazil’s telecommunications sector in the late 1990s.