Telefônica Brasil S.A. (NYSE:VIV) Receives $17.23 Consensus Price Target from Analysts

Telefônica Brasil S.A. (NYSE:VIV) has earned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.23.

A number of research analysts recently commented on VIV shares. Scotiabank decreased their price objective on Telefônica Brasil from $20.80 to $18.40 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Barclays raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $23.60 to $23.00 in a research note on Monday, March 3rd. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, The Goldman Sachs Group increased their target price on shares of Telefônica Brasil from $9.20 to $10.30 and gave the stock a “buy” rating in a research note on Wednesday, April 30th.

Hedge Funds Weigh In On Telefônica Brasil

A number of hedge funds and other institutional investors have recently bought and sold shares of VIV. Truist Financial Corp acquired a new stake in shares of Telefônica Brasil during the fourth quarter worth about $242,000. Robeco Institutional Asset Management B.V. lifted its holdings in Telefônica Brasil by 7.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after buying an additional 1,053,218 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Telefônica Brasil in the 4th quarter valued at approximately $403,000. Banco BTG Pactual S.A. purchased a new position in Telefônica Brasil in the 4th quarter valued at approximately $237,000. Finally, GAMMA Investing LLC grew its stake in shares of Telefônica Brasil by 67.8% in the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 1,543 shares in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefônica Brasil Price Performance

VIV stock opened at $10.04 on Thursday. Telefônica Brasil has a 1 year low of $7.47 and a 1 year high of $10.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The firm has a market capitalization of $16.59 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.84 and a beta of 0.73. The business has a 50 day simple moving average of $14.08 and a 200-day simple moving average of $16.04.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $14.41 billion. Equities research analysts anticipate that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

Telefônica Brasil Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were paid a dividend of $0.043 per share. This is a positive change from Telefônica Brasil’s previous dividend of $0.02. The ex-dividend date was Tuesday, March 25th. Telefônica Brasil’s dividend payout ratio is presently 42.62%.

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.