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.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Thursday, May 9th. The Wireless communications provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Telefonica Brasil had a return on equity of 10.59% and a net margin of 21.05%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.82 billion. As a group, analysts expect that Telefonica Brasil will post 0.86 EPS for the current fiscal year.

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

TelefĂ´nica 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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Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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