Free Trial

Telefônica Brasil (NYSE:VIV) Sees Unusually-High Trading Volume - Here's What Happened

Telefônica Brasil logo with Utilities background

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) shares 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.

Analyst Ratings Changes

Several equities analysts have recently commented on VIV shares. Wall Street Zen lowered Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th. Scotiabank cut their price objective on Telefônica Brasil from $20.80 to $18.40 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group boosted their price objective on Telefônica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Barclays upgraded Telefônica Brasil from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $23.60 to $23.00 in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.23.

View Our Latest Report on VIV

Telefônica Brasil Price Performance

The company has a fifty day moving average of $11.84 and a 200-day moving average of $15.17. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a market cap of $17.17 billion, a PE ratio of 16.49, a P/E/G ratio of 0.84 and a beta of 0.72.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $14.41 billion. Sell-side analysts expect that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Telefônica Brasil Increases Dividend

The company also recently announced 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. This is a positive change from Telefônica Brasil's previous dividend of $0.02. The ex-dividend date was Tuesday, March 25th. Telefônica Brasil's dividend payout ratio is presently 91.80%.

Institutional Trading of Telefônica Brasil

A number of large investors have recently made changes to their positions in VIV. Allworth Financial LP increased its stake in shares of Telefônica Brasil by 86.4% during the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock worth $31,000 after buying an additional 1,933 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Telefônica Brasil by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock worth $33,000 after buying an additional 1,067 shares during the period. R Squared Ltd purchased a new position in shares of Telefônica Brasil in the 4th quarter valued at about $37,000. Rhumbline Advisers increased its holdings in shares of Telefônica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 3,266 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Telefônica Brasil in the 1st quarter valued at about $41,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefônica Brasil Company Profile

(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.

Further Reading

Should You Invest $1,000 in Telefônica Brasil Right Now?

Before you consider Telefônica Brasil, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telefônica Brasil wasn't on the list.

While Telefônica Brasil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA
This Unique Robotaxi Play Could Deliver 10X Returns

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines