Brokerages Set Telefonica Brasil S.A. (NYSE:VIV) Target Price at $14.36

Telefonica Brasil S.A. (NYSE:VIV) has been given a consensus recommendation of “Reduce” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.36.

VIV has been the topic of several recent analyst reports. UBS Group lowered shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group initiated coverage on shares of Telefonica Brasil in a research report on Monday, May 18th. They set a “sell” rating and a $13.90 target price on the stock. Weiss Ratings lowered shares of Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. New Street Research upgraded shares of Telefonica Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Finally, Bradesco Corretora lowered shares of Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th.

Telefonica Brasil Trading Down 0.1%

Shares of VIV opened at $12.80 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average is $15.07 and its two-hundred day moving average is $14.30. Telefonica Brasil has a twelve month low of $10.10 and a twelve month high of $17.25. The firm has a market capitalization of $20.82 billion, a P/E ratio of 17.30, a PEG ratio of 0.68 and a beta of 0.56.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. On average, research analysts predict that Telefonica Brasil will post 0.97 earnings per share for the current fiscal year.

Telefonica Brasil Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be given a $0.4562 dividend. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 100.00%.

Institutional Trading of Telefonica Brasil

Several large investors have recently modified their holdings of the business. Coldstream Capital Management Inc. grew its position in shares of Telefonica Brasil by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,802 shares of the Wireless communications provider’s stock valued at $140,000 after purchasing an additional 672 shares during the last quarter. Ieq Capital LLC grew its position in shares of Telefonica Brasil by 3.4% in the fourth quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock valued at $264,000 after purchasing an additional 727 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Telefonica Brasil by 2.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 26,638 shares of the Wireless communications provider’s stock valued at $316,000 after purchasing an additional 744 shares during the last quarter. BSW Wealth Partners grew its position in shares of Telefonica Brasil by 2.1% in the fourth quarter. BSW Wealth Partners now owns 36,804 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 770 shares during the last quarter. Finally, Compound Planning Inc. grew its position in shares of Telefonica Brasil by 5.3% in the first quarter. Compound Planning Inc. now owns 16,750 shares of the Wireless communications provider’s stock valued at $266,000 after purchasing an additional 839 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

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.