Telefônica Brasil (NYSE:VIV) Downgraded to Buy at StockNews.com

StockNews.com lowered shares of Telefônica Brasil (NYSE:VIV) from a strong-buy rating to a buy rating in a report published on Monday.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Scotiabank lifted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Finally, Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.97.

Telefônica Brasil Stock Down 0.5 %

Shares of NYSE VIV opened at $9.53 on Monday. The firm has a 50 day moving average price of $9.71 and a 200 day moving average price of $9.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. The stock has a market cap of $15.85 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.95 and a beta of 0.80. Telefônica Brasil has a 52-week low of $8.02 and a 52-week high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter in the previous year, the business earned $0.14 EPS. Analysts expect that Telefônica Brasil will post 0.61 EPS for the current year.

Telefônica Brasil Cuts Dividend

The company also recently declared a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.0379 per share. This represents a yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio (DPR) is currently 44.44%.

Institutional Trading of Telefônica Brasil

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in Telefônica Brasil by 165.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock valued at $20,311,000 after buying an additional 1,157,304 shares during the last quarter. Ballentine Partners LLC raised its holdings in Telefônica Brasil by 86.0% during the first quarter. Ballentine Partners LLC now owns 25,061 shares of the Wireless communications provider’s stock worth $252,000 after acquiring an additional 11,589 shares in the last quarter. DGS Capital Management LLC raised its holdings in Telefônica Brasil by 4.7% during the first quarter. DGS Capital Management LLC now owns 77,857 shares of the Wireless communications provider’s stock worth $784,000 after acquiring an additional 3,521 shares in the last quarter. Janiczek Wealth Management LLC boosted its position in Telefônica Brasil by 3.1% during the first quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock valued at $763,000 after purchasing an additional 2,292 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its stake in Telefônica Brasil by 15.1% in the first quarter. Kathmere Capital Management LLC now owns 27,727 shares of the Wireless communications provider’s stock valued at $279,000 after purchasing an additional 3,639 shares in the last quarter. 5.16% of the stock is currently 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.