Telefônica Brasil (NYSE:VIV) Trading Down 2.7% – What’s Next?

Telefônica Brasil S.A. (NYSE:VIV)’s stock price dropped 2.7% during mid-day trading on Friday . The company traded as low as $9.40 and last traded at $9.40. Approximately 25,587 shares changed hands during trading, a decline of 97% from the average daily volume of 820,654 shares. The stock had previously closed at $9.66.

Analyst Ratings Changes

VIV has been the subject of a number of recent analyst reports. Barclays raised their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Scotiabank lifted their target price on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.97.

Telefônica Brasil Stock Performance

The firm has a market capitalization of $15.59 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 0.96 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $9.64 and a 200 day moving average price of $9.20.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the company posted $0.14 earnings per share. On average, analysts forecast that Telefônica Brasil S.A. will post 0.61 EPS for the current year.

Telefônica Brasil Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.0379 per share. This represents a dividend yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio is presently 46.03%.

Hedge Funds Weigh In On Telefônica Brasil

A number of institutional investors and hedge funds have recently made changes to their positions in VIV. V Square Quantitative Management LLC acquired a new position in shares of Telefônica Brasil during the fourth quarter worth about $525,000. Goldman Sachs Group Inc. boosted its holdings in Telefônica Brasil by 165.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock valued at $20,311,000 after purchasing an additional 1,157,304 shares in the last quarter. Aprio Wealth Management LLC boosted its holdings in Telefônica Brasil by 21.8% in the first quarter. Aprio Wealth Management LLC now owns 15,953 shares of the Wireless communications provider’s stock valued at $161,000 after purchasing an additional 2,853 shares in the last quarter. Shilanski & Associates Inc. acquired a new position in Telefônica Brasil in the first quarter valued at approximately $167,000. Finally, Ballentine Partners LLC boosted its holdings in Telefônica Brasil by 86.0% in the first quarter. Ballentine Partners LLC now owns 25,061 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 11,589 shares in the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Company Profile

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.