Telefonica Brasil S.A. (NYSE:VIV) Given Consensus Recommendation of “Reduce” by Brokerages

Telefonica Brasil S.A. (NYSE:VIVGet Free Report) has earned an average recommendation of “Reduce” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.66.

VIV has been the subject of a number of analyst reports. Wall Street Zen cut Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Scotiabank reduced their target price on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. The Goldman Sachs Group initiated coverage on shares of Telefonica Brasil in a report on Monday, May 18th. They issued a “sell” rating and a $13.90 price target on the stock. Barclays set a $16.00 price objective on shares of Telefonica Brasil in a research report on Wednesday, July 29th. Finally, Morgan Stanley set a $14.00 price objective on shares of Telefonica Brasil in a research note on Thursday, August 20th.

View Our Latest Stock Report on Telefonica Brasil

Institutional Trading of Telefonica Brasil

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 3,266 shares during the last quarter. Arax Advisory Partners raised its stake in Telefonica Brasil by 54.4% in the fourth quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,330 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Telefonica Brasil in the first quarter valued at about $52,000. EverSource Wealth Advisors LLC boosted its holdings in Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after acquiring an additional 3,248 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Telefonica Brasil by 74.6% during the second quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 1,943 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Stock Performance

Shares of NYSE:VIV opened at $11.87 on Friday. The company has a market capitalization of $19.30 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.67 and a beta of 0.55. Telefonica Brasil has a 52 week low of $11.18 and a 52 week high of $17.25. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $12.47 and a 200 day moving average of $14.04.

Telefonica Brasil (NYSE:VIVGet Free Report) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. On average, sell-side analysts predict that Telefonica Brasil will post 0.94 earnings per share for the current fiscal year.

Telefonica Brasil Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd were issued a $0.4562 dividend. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s payout ratio is currently 52.56%.

Telefonica Brasil Company Profile

(Get Free Report)

Telefonica Brasil SA, operating primarily under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector customers throughout Brazil. The company is a subsidiary of Spain-based Telefónica SA and is headquartered in São Paulo.

Vivo provides mobile voice and data services, wireless connectivity and related digital products. Its portfolio also includes fixed-line broadband, fiber-optic internet, television and other communications services, as well as information technology, cloud, cybersecurity and connectivity solutions for business customers.

The company traces its origins to the restructuring and privatization of Brazil’s telecommunications sector in the late 1990s.

Further Reading

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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