Telefônica Brasil S.A. (NYSE:VIV) Receives $11.73 Average Target Price from Brokerages

Shares of Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.73.

VIV has been the subject of a number of research analyst reports. TheStreet upgraded shares of Telefônica Brasil from a "c-" rating to a "b" rating in a research report on Thursday, December 21st. Barclays increased their price target on shares of Telefônica Brasil from $13.00 to $13.50 and gave the stock an "equal weight" rating in a research note on Monday, February 26th. Morgan Stanley restated an "equal weight" rating and set a $11.00 price target on shares of Telefônica Brasil in a research note on Friday, January 5th. Finally, StockNews.com upgraded shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 20th.

Telefônica Brasil Trading Down 1.3 %

Shares of NYSE:VIV traded down $0.13 during mid-day trading on Friday, hitting $9.56. The stock had a trading volume of 788,973 shares, compared to its average volume of 738,452. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.96. The company has a market cap of $15.90 billion, a PE ratio of 15.42, a P/E/G ratio of 0.74 and a beta of 0.75. Telefônica Brasil has a 12-month low of $7.87 and a 12-month high of $11.43. The company's 50 day moving average is $10.48 and its 200-day moving average is $10.21.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. The company had revenue of $2.73 billion during the quarter. On average, sell-side analysts predict that Telefônica Brasil will post 0.7 EPS for the current year.

Telefônica Brasil Increases Dividend

The business also recently declared a -- dividend, which was paid on Tuesday, April 9th. Shareholders of record on Wednesday, April 10th were given a $0.1823 dividend. This represents a yield of 4%. This is a positive change from Telefônica Brasil's previous -- dividend of $0.03. The ex-dividend date of this dividend was Tuesday, April 9th. Telefônica Brasil's dividend payout ratio (DPR) is currently 54.84%.

Institutional Trading of Telefônica Brasil

Several hedge funds and other institutional investors have recently bought and sold shares of VIV. Credit Suisse AG grew its position in Telefônica Brasil by 543.6% in the 3rd quarter. Credit Suisse AG now owns 7,485 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 6,322 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Telefônica Brasil during the 2nd quarter worth about $68,000. FMR LLC lifted its holdings in shares of Telefônica Brasil by 578.8% during the 1st quarter. FMR LLC now owns 9,863 shares of the Wireless communications provider's stock worth $75,000 after acquiring an additional 8,410 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Telefônica Brasil during the 1st quarter worth about $84,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Telefônica Brasil during the 1st quarter worth about $89,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

About Telefônica Brasil

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.