Shares of Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $12.78 and last traded at $12.83, with a volume of 44589 shares changing hands. The stock had previously closed at $12.63.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on VIV shares. The Goldman Sachs Group increased their target price on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Wall Street Zen cut shares of Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Scotiabank increased their target price on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Zacks Research cut shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $12.70.
View Our Latest Stock Analysis on Telefonica Brasil
Telefonica Brasil Trading Up 0.4%
The business's fifty day simple moving average is $11.61 and its 200 day simple moving average is $13.05. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a market cap of $20.60 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 0.86 and a beta of 0.71.
Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $14.48 billion. As a group, analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current year.
Telefonica Brasil Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, January 1st. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.0369 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, August 26th. Telefonica Brasil's dividend payout ratio (DPR) is 46.77%.
Institutional Trading of Telefonica Brasil
Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of Telefonica Brasil by 16.4% in the first quarter. Envestnet Asset Management Inc. now owns 449,213 shares of the Wireless communications provider's stock valued at $3,917,000 after purchasing an additional 63,241 shares during the last quarter. Federated Hermes Inc. increased its holdings in Telefonica Brasil by 45.6% during the first quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider's stock worth $5,345,000 after buying an additional 191,842 shares during the last quarter. Aberdeen Group plc increased its holdings in Telefonica Brasil by 4.2% during the first quarter. Aberdeen Group plc now owns 2,844,839 shares of the Wireless communications provider's stock worth $24,807,000 after buying an additional 114,849 shares during the last quarter. Invesco Ltd. increased its holdings in Telefonica Brasil by 36.4% during the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock worth $12,605,000 after buying an additional 385,848 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Telefonica Brasil during the first quarter worth $551,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.
Telefonica 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.
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