BidaskClub downgraded shares of Telefonica Brasil S.A. (NYSE:VIV) from a buy rating to a hold rating in a research note issued to investors on Thursday, June 22nd.
Several other equities analysts have also recently weighed in on VIV. Zacks Investment Research cut shares of Telefonica Brasil from a buy rating to a hold rating in a research note on Wednesday, June 7th. Royal Bank Of Canada reaffirmed a hold rating and set a $15.50 price target on shares of Telefonica Brasil in a report on Tuesday, May 16th. Finally, TheStreet raised Telefonica Brasil from a c rating to a b- rating in a report on Wednesday, March 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $16.33.
Shares of Telefonica Brasil (NYSE VIV) traded up 0.49% during midday trading on Thursday, hitting $14.48. 412,238 shares of the stock were exchanged. Telefonica Brasil has a 12-month low of $11.95 and a 12-month high of $15.69. The company has a market cap of $16.21 billion, a PE ratio of 20.14 and a beta of 1.32. The firm has a 50-day moving average price of $13.92 and a 200-day moving average price of $14.48.
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The company also recently declared a dividend, which was paid on Thursday, July 6th. Stockholders of record on Thursday, July 6th were issued a dividend of $0.015 per share. The ex-dividend date was Monday, July 3rd. Telefonica Brasil’s dividend payout ratio (DPR) is currently 92.86%.
A number of hedge funds have recently made changes to their positions in VIV. Goldman Sachs Group Inc. boosted its stake in shares of Telefonica Brasil by 60.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,194,876 shares of the Wireless communications provider’s stock valued at $47,443,000 after buying an additional 1,202,685 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Telefonica Brasil during the first quarter valued at about $10,637,000. Numeric Investors LLC acquired a new position in shares of Telefonica Brasil during the fourth quarter valued at about $4,918,000. Vanguard Group Inc. raised its position in shares of Telefonica Brasil by 12.9% in the first quarter. Vanguard Group Inc. now owns 3,156,391 shares of the Wireless communications provider’s stock valued at $46,872,000 after buying an additional 360,266 shares during the period. Finally, Schafer Cullen Capital Management Inc. raised its position in shares of Telefonica Brasil by 7.7% in the first quarter. Schafer Cullen Capital Management Inc. now owns 4,380,283 shares of the Wireless communications provider’s stock valued at $65,047,000 after buying an additional 313,836 shares during the period. Institutional investors and hedge funds own 10.95% of the company’s stock.
About Telefonica Brasil
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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