Telefonica Brasil SA (VIV) Given Average Rating of “Buy” by Analysts

Telefonica Brasil SA (NYSE:VIV) has earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.03.

VIV has been the topic of several analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $15.60 price target on shares of Telefonica Brasil in a research report on Thursday, November 2nd. Santander cut Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Barclays upped their price target on Telefonica Brasil from $17.00 to $17.50 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Telefonica Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th.

Several institutional investors and hedge funds have recently made changes to their positions in VIV. First Trust Advisors LP increased its position in shares of Telefonica Brasil by 597.1% during the second quarter. First Trust Advisors LP now owns 113,231 shares of the Wireless communications provider’s stock valued at $1,527,000 after buying an additional 96,988 shares during the period. Neuberger Berman Group LLC increased its position in shares of Telefonica Brasil by 4.7% during the second quarter. Neuberger Berman Group LLC now owns 80,672 shares of the Wireless communications provider’s stock valued at $1,088,000 after buying an additional 3,618 shares during the period. JPMorgan Chase & Co. increased its position in shares of Telefonica Brasil by 3.3% during the second quarter. JPMorgan Chase & Co. now owns 1,275,000 shares of the Wireless communications provider’s stock valued at $17,200,000 after buying an additional 40,889 shares during the period. Wells Fargo & Company MN increased its position in shares of Telefonica Brasil by 4.1% during the second quarter. Wells Fargo & Company MN now owns 470,663 shares of the Wireless communications provider’s stock valued at $6,349,000 after buying an additional 18,691 shares during the period. Finally, BT Investment Management Ltd bought a new stake in shares of Telefonica Brasil during the second quarter valued at about $5,188,000. Hedge funds and other institutional investors own 9.33% of the company’s stock.

Shares of Telefonica Brasil (NYSE VIV) opened at $15.20 on Thursday. Telefonica Brasil has a 52 week low of $13.06 and a 52 week high of $16.85. The stock has a market capitalization of $24,170.00, a PE ratio of 19.24, a P/E/G ratio of 1.17 and a beta of 1.36. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.07.

The business also recently declared a dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 28th were given a dividend of $0.231 per share. The ex-dividend date was Wednesday, December 27th. This is a boost from Telefonica Brasil’s previous dividend of $0.05. Telefonica Brasil’s dividend payout ratio is currently 120.25%.

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About Telefonica Brasil

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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