Telefônica Brasil S.A. (NYSE:VIV) Given Consensus Rating of “Moderate Buy” by Analysts

Telefônica Brasil S.A. (NYSE:VIV) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $11.35.

Separately, Barclays lowered their target price on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th.

Telefônica Brasil Trading Down 0.1 %

Shares of VIV opened at $8.33 on Friday. 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 stock has a market cap of $13.86 billion, a PE ratio of 13.22, a PEG ratio of 0.69 and a beta of 0.81. Telefônica Brasil has a 1 year low of $8.10 and a 1 year high of $11.43. The stock has a 50 day simple moving average of $8.85 and a 200-day simple moving average of $9.91.

Telefônica Brasil (NYSE:VIV) last posted its 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 analysts’ expectations of $2.73 billion. On average, sell-side analysts predict that Telefônica Brasil will post 0.68 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, January 1st were issued a dividend of $0.0166 per share. The ex-dividend date was Thursday, June 27th. This represents a yield of 4.6%. Telefônica Brasil’s dividend payout ratio is currently 44.44%.

Hedge Funds Weigh In On Telefônica Brasil

Several institutional investors have recently modified their holdings of VIV. Acadian Asset Management LLC bought a new stake in Telefônica Brasil during the 3rd quarter worth approximately $115,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telefônica Brasil during the first quarter worth $123,000. Personal CFO Solutions LLC bought a new stake in Telefônica Brasil in the 4th quarter valued at $136,000. Aprio Wealth Management LLC bought a new position in Telefônica Brasil during the 4th quarter worth about $143,000. Finally, Ballentine Partners LLC bought a new stake in shares of Telefônica Brasil in the fourth quarter valued at about $147,000. 5.16% of the stock is currently 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.