Analysts Set Telefônica Brasil S.A. (NYSE:VIV) Price Target at $11.17

Shares of Telefônica Brasil S.A. (NYSE:VIV) have received an average recommendation of “Moderate Buy” from the four ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.17.

A number of brokerages recently commented on VIV. StockNews.com downgraded shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Finally, Barclays increased their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st.

Institutional Trading of Telefônica Brasil

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 3,104 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new stake in Telefônica Brasil in the second quarter worth about $85,000. QRG Capital Management Inc. bought a new stake in Telefônica Brasil in the second quarter worth about $83,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Telefônica Brasil during the first quarter valued at approximately $123,000. Finally, Personal CFO Solutions LLC bought a new stake in shares of Telefônica Brasil during the fourth quarter valued at approximately $136,000. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Price Performance

Shares of VIV stock opened at $10.08 on Wednesday. The stock has a market cap of $16.77 billion, a P/E ratio of 16.00, a PEG ratio of 0.96 and a beta of 0.79. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $9.21 and its two-hundred day simple moving average is $9.24.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts predict that Telefônica Brasil will post 0.61 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were paid a $0.0379 dividend. This represents a yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s payout ratio is currently 49.21%.

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.