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
(
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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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