Telefônica Brasil S.A. (NYSE:VIV) Receives Consensus Rating of “Moderate Buy” from Analysts

Telefônica Brasil S.A. (NYSE:VIV) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.35.

A number of analysts have recently issued reports on VIV shares. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Barclays cut their target price on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of Telefônica Brasil by 2,821.8% in the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 3,104 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Telefônica Brasil in the second quarter worth about $83,000. Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Telefônica Brasil in the second quarter worth about $85,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Telefônica Brasil during the 1st quarter worth about $123,000. Finally, Personal CFO Solutions LLC acquired a new position in shares of Telefônica Brasil during the 4th quarter valued at about $136,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Stock Down 0.3 %

Shares of NYSE:VIV opened at $8.59 on Tuesday. The firm has a 50 day simple moving average of $8.54 and a 200 day simple moving average of $9.56. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market cap of $14.29 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 earnings per share for the quarter. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.73 billion. As a group, research analysts expect that Telefônica Brasil will post 0.65 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The firm also recently announced a — dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, January 1st were paid a $0.0617 dividend. The ex-dividend date was Monday, July 29th. This is a boost from Telefônica Brasil’s previous — dividend of $0.02. This represents a yield of 3.3%. Telefônica Brasil’s payout ratio is 53.97%.

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.