Analysts Set Telefônica Brasil S.A. (NYSE:VIV) Price Target at $11.17

Telefônica Brasil S.A. (NYSE:VIV) has earned an average rating of “Moderate Buy” from the four analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $11.17.

Several brokerages have weighed in on VIV. Barclays increased their target price on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Finally, StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th.

Telefônica Brasil Price Performance

Shares of NYSE:VIV opened at $9.61 on Friday. The company has a market cap of $15.99 billion, a PE ratio of 15.25, a P/E/G ratio of 0.90 and a beta of 0.79. Telefônica Brasil has a fifty-two week low of $8.02 and a fifty-two week high of $11.43. The firm has a 50-day simple moving average of $8.71 and a 200 day simple moving average of $9.42. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. During the same period in the prior year, the company earned $0.14 earnings per share. On average, sell-side analysts anticipate that Telefônica Brasil will post 0.63 EPS for the current year.

Telefônica Brasil Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Friday, January 1st will be issued a $0.0379 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 52.38%.

Institutional Investors Weigh In On Telefônica Brasil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its stake in shares of Telefônica Brasil by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after buying an additional 275,569 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Telefônica Brasil by 165.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock valued at $20,311,000 after acquiring an additional 1,157,304 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Telefônica Brasil by 12.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider’s stock valued at $15,014,000 after purchasing an additional 197,500 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Telefônica Brasil by 82.7% in the 4th quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock worth $17,517,000 after purchasing an additional 725,072 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Telefônica Brasil by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after acquiring an additional 72,388 shares during the last quarter. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Company Profile

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.