Telefonica Brasil SA (NYSE:VIV) saw strong trading volume on Friday . 5,806,725 shares traded hands during trading, an increase of 252% from the previous session’s volume of 1,650,506 shares.The stock last traded at $13.85 and had previously closed at $13.84.
Several equities analysts have weighed in on the stock. Barclays set a $192.00 price objective on shares of Tesla and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Itau BBA Securities cut shares of Telefonica Brasil from an “outperform” rating to a “market perform” rating in a research report on Friday, June 14th. Standpoint Research cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine cut shares of Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of INTL CONS AIRL/S in a report on Tuesday, June 4th. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Telefonica Brasil currently has a consensus rating of “Hold” and a consensus price target of $13.63.
The firm’s fifty day simple moving average is $13.35. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.72 and a beta of 0.72.
Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. Telefonica Brasil had a net margin of 21.05% and a return on equity of 10.59%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.82 billion. On average, sell-side analysts predict that Telefonica Brasil SA will post 0.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, July 2nd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Monday, July 1st. Telefonica Brasil’s payout ratio is presently 37.41%.
Several hedge funds have recently added to or reduced their stakes in VIV. Nkcfo LLC acquired a new position in Telefonica Brasil during the 1st quarter worth $27,000. Rehmann Capital Advisory Group lifted its position in Telefonica Brasil by 49.0% during the 1st 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 during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in Telefonica Brasil during the 1st quarter worth $36,000. Citigroup Inc. lifted its position in Telefonica Brasil by 56.9% during the 4th 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 during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in Telefonica Brasil during the 1st quarter worth $134,000. 9.65% of the stock is owned by institutional investors and hedge funds.
About Telefonica Brasil (NYSE:VIV)
Telefônica 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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