Telefônica Brasil S.A. (NYSE:VIV – Get Free Report) announced a — dividend on Monday, August 19th, Wall Street Journal reports. Investors of record on Friday, January 1st will be paid a dividend of 0.0379 per share by the Wireless communications provider on Tuesday, August 27th. This represents a dividend yield of 3.2%. The ex-dividend date is Tuesday, August 27th.
Telefônica Brasil has raised its dividend by an average of 9.2% per year over the last three years.
Telefônica Brasil Price Performance
Shares of NYSE VIV opened at $9.68 on Friday. The stock’s 50-day simple moving average is $8.75 and its two-hundred day simple moving average is $9.40. Telefônica Brasil has a twelve month low of $8.02 and a twelve month high of $11.43. The firm has a market capitalization of $16.10 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.90 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Barclays increased their target price on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.17.
View Our Latest Stock Report on VIV
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.
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