Telefonica Brasil S.A. (NYSE:VIV) Stock Has Average Price Target of $14.66

Key Points

• Analysts maintain a cautious outlook: Telefonica Brasil has an average “Reduce” rating from nine analysts, with three sells, five holds and one buy. The average 12-month price target is $14.66, above the stock’s reported $12.65 price.
• Quarterly earnings missed expectations: The company reported $0.19 in earnings per share versus the $0.23 consensus estimate, while revenue matched expectations at $3.04 billion. Analysts expect full-year earnings per share of $0.94.
• Dividend remains significant: Telefonica Brasil paid a $0.4562-per-share dividend, with a current payout ratio of 76.92%.

Shares of Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) have been given an average recommendation of "Reduce" by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.66.

VIV has been the subject of several recent research reports. Barclays set a $16.00 price objective on Telefonica Brasil in a research report on Wednesday, July 29th. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a research note on Thursday, August 20th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Telefonica Brasil in a research report on Friday.

Telefonica Brasil Price Performance

NYSE VIV opened at $12.65 on Wednesday. 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 $20.59 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 0.71 and a beta of 0.52. The business has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $13.52. Telefonica Brasil has a 52-week low of $11.17 and a 52-week high of $17.25.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. Analysts anticipate that Telefonica Brasil will post 0.94 earnings per share for the current fiscal year.

Telefonica Brasil Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 21st. Investors of record on Friday, May 22nd were issued a dividend of $0.4562 per share. The ex-dividend date was Friday, May 22nd. Telefonica Brasil's dividend payout ratio is presently 76.92%.

Institutional Investors Weigh In On Telefonica Brasil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIV. QRG Capital Management Inc. acquired a new position in shares of Telefonica Brasil during the 2nd quarter worth about $181,000. Tidal Investments LLC raised its holdings in Telefonica Brasil by 54.5% during the second quarter. Tidal Investments LLC now owns 477,011 shares of the Wireless communications provider's stock worth $6,277,000 after acquiring an additional 168,185 shares in the last quarter. Allworth Financial LP raised its holdings in Telefonica Brasil by 74.6% during the second quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider's stock worth $60,000 after acquiring an additional 1,943 shares in the last quarter. Nykredit A S acquired a new position in Telefonica Brasil during the second quarter valued at approximately $625,000. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in Telefonica Brasil by 286.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 140,456 shares of the Wireless communications provider's stock valued at $1,848,000 after purchasing an additional 104,100 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Company Profile

Telefônica Brasil SA, operating under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector organizations throughout Brazil. The company provides mobile voice and data services, wireless connectivity and related digital communications solutions.

Its fixed-line business includes broadband internet delivered primarily through fiber-optic networks, as well as voice and other connectivity services. Telefônica Brasil also offers information technology, cloud, cybersecurity, Internet of Things and managed communications solutions to corporate and institutional customers.

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