Telefônica Brasil (NYSE:VIV) Sees Large Volume Increase - Still a Buy?

Shares of Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) saw an uptick in trading volume on Monday . 2,220,834 shares were traded during trading, an increase of 128% from the previous session's volume of 973,500 shares.The stock last traded at $10.23 and had previously closed at $10.26.

Analysts Set New Price Targets

VIV has been the subject of a number of research reports. Wall Street Zen raised shares of Telefônica Brasil from a "hold" rating to a "buy" rating in a research note on Saturday. Scotiabank lowered their target price on Telefônica Brasil from $20.80 to $18.40 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Barclays raised Telefônica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $23.60 to $23.00 in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Telefônica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.23.

Telefônica Brasil Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $11.53 and a two-hundred day simple moving average of $15.03. The company has a market cap of $17.15 billion, a P/E ratio of 16.45, a P/E/G ratio of 0.84 and a beta of 0.72.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $14.41 billion. On average, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Telefônica Brasil Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were issued a $0.043 dividend. The ex-dividend date was Tuesday, March 25th. This is an increase from Telefônica Brasil's previous dividend of $0.02. Telefônica Brasil's payout ratio is 91.80%.

Institutional Trading of Telefônica Brasil

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp purchased a new position in shares of Telefônica Brasil in the 4th quarter worth $242,000. Raymond James Financial Inc. purchased a new position in shares of Telefônica Brasil in the 4th quarter valued at approximately $403,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telefônica Brasil during the fourth quarter worth $237,000. Sei Investments Co. boosted its holdings in Telefônica Brasil by 67.6% during the fourth quarter. Sei Investments Co. now owns 912,148 shares of the Wireless communications provider's stock worth $6,887,000 after buying an additional 367,975 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Telefônica Brasil by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider's stock valued at $15,690,000 after acquiring an additional 78,200 shares during the period. 5.16% of the stock is currently owned by institutional investors.

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.

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