Telefônica Brasil S.A. (NYSE:VIV) to Issue -- Dividend of $0.18

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) announced a -- dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Wednesday, April 10th will be given a dividend of 0.1823 per share by the Wireless communications provider on Tuesday, April 9th. This represents a yield of 4%. The ex-dividend date is Tuesday, April 9th. This is an increase from Telefônica Brasil's previous -- dividend of $0.03.

Telefônica Brasil Price Performance

NYSE VIV traded down $0.01 during trading on Monday, reaching $10.02. 931,969 shares of the company traded hands, compared to its average volume of 861,398. 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 stock's 50 day moving average price is $10.55 and its two-hundred day moving average price is $10.13. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.78 and a beta of 0.75. Telefônica Brasil has a 1-year low of $7.28 and a 1-year high of $11.43.

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

Analyst Upgrades and Downgrades

VIV has been the topic of several recent analyst reports. StockNews.com raised Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 20th. Morgan Stanley reissued an "equal weight" rating and issued a $11.00 target price on shares of Telefônica Brasil in a report on Friday, January 5th. Barclays boosted their target price on Telefônica Brasil from $13.00 to $13.50 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Finally, TheStreet raised Telefônica Brasil from a "c-" rating to a "b" rating in a report on Thursday, December 21st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in Telefônica Brasil during the 3rd quarter worth $118,000. Squarepoint Ops LLC bought a new stake in shares of Telefônica Brasil during the 4th quarter valued at $106,000. Rhumbline Advisers raised its position in shares of Telefônica Brasil by 129.2% during the 3rd quarter. Rhumbline Advisers now owns 12,251 shares of the Wireless communications provider's stock valued at $105,000 after acquiring an additional 6,906 shares during the last quarter. Ascent Group LLC bought a new stake in shares of Telefônica Brasil during the 3rd quarter valued at $103,000. Finally, Atlas Capital Advisors LLC raised its position in shares of Telefônica Brasil by 191.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 10,028 shares of the Wireless communications provider's stock valued at $102,000 after acquiring an additional 6,590 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company's stock.

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.