Telefônica Brasil (NYSE:VIV) Reaches New 12-Month Low at $8.10

Telefônica Brasil S.A. (NYSE:VIV) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.10 and last traded at $8.17, with a volume of 82121 shares. The stock had previously closed at $8.23.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus target price of $11.35.

Telefônica Brasil Trading Down 0.9 %

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The company has a market cap of $13.57 billion, a PE ratio of 12.95, a P/E/G ratio of 0.68 and a beta of 0.81. The company has a fifty day simple moving average of $8.96 and a two-hundred day simple moving average of $9.99.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. Telefônica Brasil had a net margin of 9.63% and a return on equity of 7.39%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.73 billion. Analysts anticipate that Telefônica Brasil S.A. will post 0.68 EPS for the current year.

Telefônica Brasil Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, January 1st were paid a $0.0373 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, April 30th. Telefônica Brasil’s dividend payout ratio is presently 41.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in Telefônica Brasil during the third quarter worth approximately $115,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Telefônica Brasil during the 1st quarter worth approximately $123,000. Personal CFO Solutions LLC acquired a new position in shares of Telefônica Brasil in the 4th quarter valued at $136,000. Aprio Wealth Management LLC purchased a new position in shares of Telefônica Brasil in the 4th quarter valued at $143,000. Finally, Ballentine Partners LLC acquired a new stake in Telefônica Brasil during the 4th quarter worth $147,000. 5.16% of the stock is owned by institutional investors and hedge funds.

About Telefônica Brasil

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.