Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,678,535 shares traded hands during mid-day trading, an increase of 96% from the previous session's volume of 856,755 shares.The stock last traded at $10.28 and had previously closed at $9.93.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 20th. The Goldman Sachs Group upped their price target on Telefônica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Barclays upgraded Telefônica Brasil from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $23.60 to $23.00 in a research report on Monday, March 3rd. Finally, Scotiabank decreased their target price on Telefônica Brasil from $20.80 to $18.40 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Telefônica Brasil presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.23.
Read Our Latest Report on Telefônica Brasil
Telefônica Brasil Stock Down 0.5%
The company's fifty day simple moving average is $11.70 and its 200 day simple moving average is $15.12. 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 firm has a market capitalization of $16.93 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72.
Telefônica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $14.41 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Analysts anticipate that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.
Telefônica Brasil Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were paid a dividend of $0.043 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Telefônica Brasil's previous dividend of $0.02. Telefônica Brasil's payout ratio is presently 91.80%.
Hedge Funds Weigh In On Telefônica Brasil
A number of institutional investors and hedge funds have recently made changes to their positions in VIV. SBI Securities Co. Ltd. boosted its position in shares of Telefônica Brasil by 39.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock worth $33,000 after purchasing an additional 1,067 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its holdings in Telefônica Brasil by 1.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 82,053 shares of the Wireless communications provider's stock worth $620,000 after acquiring an additional 1,086 shares in the last quarter. Summit Global Investments boosted its holdings in Telefônica Brasil by 1.1% in the fourth quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider's stock worth $1,041,000 after acquiring an additional 1,506 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Telefônica Brasil by 0.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 195,958 shares of the Wireless communications provider's stock worth $1,478,000 after acquiring an additional 1,653 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Telefônica Brasil by 10.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider's stock valued at $151,000 after acquiring an additional 1,873 shares in the last quarter. Institutional investors own 5.16% of the company's stock.
About Telefônica Brasil
(
Get Free Report)
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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