Telefonica Brasil SA (NYSE:VIV) Given Average Rating of “Hold” by Analysts
Telefonica Brasil SA (NYSE:VIV) has earned an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.63.
Several research firms recently commented on VIV. Itau BBA Securities cut Telefonica Brasil from an “outperform” rating to a “market perform” rating in a research note on Friday, June 14th. Barclays set a $192.00 target price on Tesla and gave the stock a “sell” rating in a research note on Tuesday, May 14th. ValuEngine cut Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. JPMorgan Chase & Co. began coverage on INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an “overweight” rating for the company. Finally, Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 7th.
Shares of VIV stock traded up $0.03 on Monday, hitting $14.30. The company had a trading volume of 1,265,500 shares, compared to its average volume of 1,613,495. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 10.29 and a beta of 0.72. The company’s 50-day moving average price is $13.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.13. Telefonica Brasil has a twelve month low of $9.21 and a twelve month high of $14.47.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, July 2nd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.52 annualized dividend and a yield of 3.64%. Telefonica Brasil’s dividend payout ratio is currently 37.41%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nkcfo LLC bought a new position in Telefonica Brasil in the first quarter worth approximately $27,000. Rehmann Capital Advisory Group boosted its holdings in Telefonica Brasil by 49.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,720 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 894 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in Telefonica Brasil in the first quarter worth approximately $36,000. Citigroup Inc. boosted its holdings in Telefonica Brasil by 56.9% in the fourth quarter. Citigroup Inc. now owns 6,270 shares of the Wireless communications provider’s stock worth $75,000 after acquiring an additional 2,274 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in Telefonica Brasil in the first quarter worth approximately $134,000. 9.65% of the stock is owned by institutional investors and hedge funds.
Telefonica Brasil Company Profile
Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.
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