Telefônica Brasil S.A. (NYSE:VIV) Announces Dividend Increase – $0.18 Per Share

Telefônica Brasil S.A. (NYSE:VIVGet Free Report) announced a — dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Wednesday, April 10th will be given a dividend of 0.1823 per share by the Wireless communications provider on Tuesday, April 9th. This represents a yield of 4%. The ex-dividend date is Tuesday, April 9th. This is a positive change from Telefônica Brasil’s previous — dividend of $0.03.

Telefônica Brasil Price Performance

NYSE VIV opened at $10.02 on Tuesday. The stock’s 50-day moving average price is $10.55 and its two-hundred day moving average price is $10.13. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $16.67 billion, a PE ratio of 16.16, a PEG ratio of 0.78 and a beta of 0.75. Telefônica Brasil has a 1 year low of $7.28 and a 1 year high of $11.43.

Telefônica Brasil (NYSE:VIVGet Free Report) last issued its earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The company had revenue of $2.73 billion for the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. On average, analysts predict that Telefônica Brasil will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

VIV has been the topic of a number of research reports. Barclays upped their target price on Telefônica Brasil from $13.00 to $13.50 and gave the company an “equal weight” rating in a report on Monday, February 26th. TheStreet upgraded Telefônica Brasil from a “c-” rating to a “b” rating in a report on Thursday, December 21st. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $11.00 price objective on shares of Telefônica Brasil in a report on Friday, January 5th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and an average price target of $11.73.

View Our Latest Analysis on Telefônica Brasil

Institutional Investors Weigh In On Telefônica Brasil

A number of large investors have recently added to or reduced their stakes in VIV. Advisor Group Holdings Inc. boosted its position in Telefônica Brasil by 20.7% during the first quarter. Advisor Group Holdings Inc. now owns 18,222 shares of the Wireless communications provider’s stock worth $239,000 after purchasing an additional 3,127 shares during the period. Raymond James & Associates boosted its position in Telefônica Brasil by 40.8% during the first quarter. Raymond James & Associates now owns 111,375 shares of the Wireless communications provider’s stock worth $1,253,000 after purchasing an additional 32,301 shares during the period. American Century Companies Inc. boosted its position in Telefônica Brasil by 12.2% during the first quarter. American Century Companies Inc. now owns 42,076 shares of the Wireless communications provider’s stock worth $473,000 after purchasing an additional 4,571 shares during the period. HighTower Advisors LLC boosted its position in shares of Telefônica Brasil by 17.9% in the first quarter. HighTower Advisors LLC now owns 12,097 shares of the Wireless communications provider’s stock valued at $136,000 after acquiring an additional 1,839 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Telefônica Brasil by 3.3% in the first quarter. BlackRock Inc. now owns 3,227,500 shares of the Wireless communications provider’s stock valued at $36,309,000 after acquiring an additional 103,931 shares during the period. Institutional investors own 5.16% of the company’s stock.

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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Dividend History for Telefônica Brasil (NYSE:VIV)

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