Telefonica Brasil S.A. (NYSE:VIV) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Telefonica Brasil has an average “Reduce” rating from 10 analysts: three sell ratings, six holds and one buy. The average 12-month price target is $14.26, compared with the stock’s recent $11.41 price.
• The company reported quarterly earnings of $0.19 per share, missing the $0.23 consensus estimate, while revenue matched expectations at $3.04 billion.
• Telefonica Brasil paid a $0.4562-per-share dividend, representing a current payout ratio of 78.21%; institutional investors own approximately 5.16% of the stock.

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) has received an average rating of "Reduce" from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.26.

VIV has been the subject of several analyst reports. Bradesco Corretora downgraded Telefonica Brasil to a "neutral" rating in a report on Tuesday, April 28th. Weiss Ratings cut Telefonica Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 7th. Barclays set a $16.00 price objective on Telefonica Brasil in a research report on Wednesday, July 29th. Scotiabank dropped their target price on Telefonica Brasil from $15.70 to $15.40 and set a "sector perform" rating for the company in a research note on Wednesday, May 27th. Finally, Zacks Research downgraded Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th.

Institutional Trading of Telefonica Brasil

Several institutional investors have recently made changes to their positions in VIV. Kapitalo Investimentos Ltda acquired a new stake in Telefonica Brasil during the fourth quarter worth about $4,211,000. Barometer Capital Management Inc. acquired a new position in shares of Telefonica Brasil in the 1st quarter valued at about $1,277,000. Opal Capital LLC purchased a new stake in shares of Telefonica Brasil during the 1st quarter worth about $4,255,000. Hsbc Holdings PLC increased its position in Telefonica Brasil by 26.5% during the 4th quarter. Hsbc Holdings PLC now owns 190,168 shares of the Wireless communications provider's stock worth $2,259,000 after purchasing an additional 39,782 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its position in Telefonica Brasil by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 150,583 shares of the Wireless communications provider's stock worth $2,290,000 after purchasing an additional 43,939 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil Price Performance

Telefonica Brasil stock opened at $11.41 on Tuesday. Telefonica Brasil has a 12-month low of $11.18 and a 12-month high of $17.25. The stock has a market capitalization of $18.56 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.63 and a beta of 0.57. The firm's 50-day moving average is $13.04 and its two-hundred day moving average is $14.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. Equities analysts predict that Telefonica Brasil will post 0.96 earnings per share for the current year.

Telefonica Brasil Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were issued a dividend of $0.4562 per share. The ex-dividend date was Friday, May 22nd. Telefonica Brasil's dividend payout ratio is presently 78.21%.

Telefonica Brasil Company Profile

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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