Telefonica Brasil (NYSE:VIV) Reaches New 1-Year High - Here's What Happened

Key Points

• New 52‑week high: Telefonica Brasil traded as high as $16.95 (last $16.76) on Thursday with about 118,763 shares changing hands and sits above its 50‑day ($15.66) and 200‑day ($13.59) moving averages.
• Mixed analyst outlook: Ratings range from Strong Buy to Sell with a MarketBeat average of "Hold" and a consensus target of $13.98, which is below the current share price.
• Dividend and fundamentals: The company declared a $0.4562 per‑share dividend payable July 21 (ex‑dividend May 22); market cap is about $27.5B and the trailing P/E is 24.2.

Shares of Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $16.95 and last traded at $16.76, with a volume of 118763 shares trading hands. The stock had previously closed at $16.57.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VIV shares. UBS Group downgraded Telefonica Brasil from a "buy" rating to a "sell" rating in a report on Wednesday, March 11th. Zacks Research upgraded Telefonica Brasil from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. New Street Research upgraded Telefonica Brasil from a "neutral" rating to a "buy" rating in a report on Tuesday. Weiss Ratings upgraded Telefonica Brasil from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 25th. Finally, Wall Street Zen upgraded Telefonica Brasil from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $13.98.

Telefonica Brasil Stock Up 2.1%

The business has a 50 day simple moving average of $15.66 and a 200 day simple moving average of $13.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 0.94. The stock has a market cap of $27.52 billion, a PE ratio of 24.20, a P/E/G ratio of 0.71 and a beta of 0.70.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.21 EPS for the quarter. The firm had revenue of $2.83 billion for the quarter. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%. On average, equities research analysts forecast that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Telefonica Brasil Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil's dividend payout ratio is 34.29%.

Institutional Trading of Telefonica Brasil

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in shares of Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. Arax Advisory Partners boosted its stake in shares of Telefonica Brasil by 54.4% during the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,330 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Telefonica Brasil during the 1st quarter worth about $52,000. EverSource Wealth Advisors LLC lifted its position in shares of Telefonica Brasil by 214.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider's stock worth $54,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Westfuller Advisors LLC acquired a new position in shares of Telefonica Brasil during the 3rd quarter worth about $59,000. Institutional investors own 5.16% of the company's stock.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil's largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company's core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.

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