Telefônica Brasil (NYSE:VIV) Sets New 52-Week High at $9.31

Shares of Telefônica Brasil S.A. (NYSE:VIVGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $9.31 and last traded at $9.30, with a volume of 317389 shares changing hands. The stock had previously closed at $9.15.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VIV shares. Jefferies Financial Group assumed coverage on Telefônica Brasil in a research note on Tuesday. They issued a “hold” rating on the stock. The Goldman Sachs Group raised their price target on Telefônica Brasil from $10.00 to $11.40 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Citigroup raised Telefônica Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. StockNews.com cut Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, TheStreet cut Telefônica Brasil from a “c-” rating to a “d+” rating in a report on Wednesday, May 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.20.

View Our Latest Research Report on VIV

Telefônica Brasil Price Performance

The company has a 50 day moving average price of $8.64 and a 200 day moving average price of $8.34. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.00 and a beta of 0.57. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

Telefônica Brasil (NYSE:VIVGet Free Report) last released its earnings results on Tuesday, July 25th. The Wireless communications provider reported $0.14 EPS for the quarter. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Telefônica Brasil had a return on equity of 6.54% and a net margin of 8.98%. As a group, equities research analysts forecast that Telefônica Brasil S.A. will post 0.53 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The company also recently announced a — dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, January 1st were paid a $0.0273 dividend. The ex-dividend date was Friday, September 1st. This represents a dividend yield of 4.9%. Telefônica Brasil’s dividend payout ratio (DPR) is currently 64.15%.

Institutional Investors Weigh In On Telefônica Brasil

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Credit Suisse AG boosted its position in shares of Telefônica Brasil by 543.6% in the 3rd quarter. Credit Suisse AG now owns 7,485 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 6,322 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Telefônica Brasil in the 2nd quarter worth $68,000. FMR LLC boosted its position in shares of Telefônica Brasil by 578.8% in the 1st quarter. FMR LLC now owns 9,863 shares of the Wireless communications provider’s stock worth $75,000 after purchasing an additional 8,410 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Telefônica Brasil in the 1st quarter worth $80,000. Finally, Optiver Holding B.V. bought a new position in shares of Telefônica Brasil in the 1st quarter worth $82,000. 5.40% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Company Profile

(Get Free Report)

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.

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