Shares of Telefonica Brasil SA (NYSE:VIV) have received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.38.
Several research firms recently weighed in on VIV. TheStreet cut shares of Telefonica Brasil from a “b-” rating to a “c” rating in a research note on Monday, July 2nd. Barclays set a $13.00 target price on shares of Telefonica Brasil and gave the company a “buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Telefonica Brasil from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. JPMorgan Chase & Co. cut shares of Telefonica Brasil from a “neutral” rating to an “underweight” rating in a research note on Monday, July 30th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $12.50 target price on shares of Telefonica Brasil in a research note on Tuesday, July 31st.
Several large investors have recently modified their holdings of VIV. Wells Fargo & Company MN grew its stake in shares of Telefonica Brasil by 69.7% in the 1st quarter. Wells Fargo & Company MN now owns 855,651 shares of the Wireless communications provider’s stock worth $13,143,000 after buying an additional 351,400 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Telefonica Brasil in the 1st quarter worth $209,000. Trexquant Investment LP purchased a new position in shares of Telefonica Brasil in the 1st quarter worth $155,000. M&T Bank Corp grew its stake in shares of Telefonica Brasil by 180.4% in the 1st quarter. M&T Bank Corp now owns 30,877 shares of the Wireless communications provider’s stock worth $475,000 after buying an additional 19,864 shares in the last quarter. Finally, ETRADE Capital Management LLC grew its stake in shares of Telefonica Brasil by 29.9% in the 1st quarter. ETRADE Capital Management LLC now owns 34,066 shares of the Wireless communications provider’s stock worth $523,000 after buying an additional 7,839 shares in the last quarter. 10.02% of the stock is owned by institutional investors and hedge funds.
VIV traded down $0.01 during trading on Tuesday, hitting $9.39. 1,278,600 shares of the company traded hands, compared to its average volume of 1,543,030. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.44 and a beta of 1.31. Telefonica Brasil has a 1 year low of $9.21 and a 1 year high of $17.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.88 and a current ratio of 0.90.
Telefonica Brasil (NYSE:VIV) last posted its earnings results on Thursday, July 26th. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The company had revenue of $3.02 billion for the quarter. Telefonica Brasil had a net margin of 15.70% and a return on equity of 9.70%. equities research analysts forecast that Telefonica Brasil will post 1.07 earnings per share for the current year.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 19th. Shareholders of record on Wednesday, September 19th were paid a $0.353 dividend. This is a boost from Telefonica Brasil’s previous dividend of $0.06. The ex-dividend date was Tuesday, September 18th. Telefonica Brasil’s dividend payout ratio (DPR) is presently 44.71%.
About Telefonica Brasil
Telefônica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers 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 and 4G, as well as mobile value-added services and wireless roaming services.
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