Telefonica Brasil (VIV) Cut to Neutral at JPMorgan Chase

JPMorgan Chase cut shares of Telefonica Brasil (NYSE:VIV) from an overweight rating to a neutral rating in a research note issued to investors on Thursday morning.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Telefonica Brasil from a hold rating to a strong sell rating in a report on Friday, April 6th. Goldman Sachs assumed coverage on shares of Telefonica Brasil in a report on Tuesday, April 3rd. They issued a neutral rating and a $18.00 price target for the company. Royal Bank of Canada set a $16.00 price target on shares of Telefonica Brasil and gave the stock a hold rating in a report on Friday, March 23rd. Barclays boosted their price target on shares of Telefonica Brasil from $17.50 to $18.00 and gave the stock an overweight rating in a report on Tuesday, March 20th. Finally, Credit Suisse Group lowered shares of Telefonica Brasil from an outperform rating to a neutral rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Telefonica Brasil has a consensus rating of Hold and an average target price of $17.00.

Shares of NYSE:VIV traded up $0.06 during trading on Thursday, hitting $14.14. 741,478 shares of the stock traded hands, compared to its average volume of 1,188,350. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a market cap of $25,499.28, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. Telefonica Brasil has a 52-week low of $13.06 and a 52-week high of $17.33.



Telefonica Brasil (NYSE:VIV) last posted its earnings results on Wednesday, February 21st. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $3.40 billion during the quarter. Telefonica Brasil had a net margin of 10.65% and a return on equity of 6.60%. sell-side analysts anticipate that Telefonica Brasil will post 1.02 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 16th will be issued a $0.384 dividend. The ex-dividend date of this dividend is Friday, April 13th. Telefonica Brasil’s payout ratio is presently 101.18%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schafer Cullen Capital Management Inc. increased its holdings in Telefonica Brasil by 3.5% in the 4th quarter. Schafer Cullen Capital Management Inc. now owns 4,837,297 shares of the Wireless communications provider’s stock worth $71,737,000 after acquiring an additional 164,619 shares in the last quarter. Cullen Capital Management LLC boosted its stake in Telefonica Brasil by 9.6% during the 4th quarter. Cullen Capital Management LLC now owns 613,025 shares of the Wireless communications provider’s stock worth $9,091,000 after purchasing an additional 53,460 shares during the last quarter. Verition Fund Management LLC boosted its stake in Telefonica Brasil by 83.4% during the 4th quarter. Verition Fund Management LLC now owns 34,230 shares of the Wireless communications provider’s stock worth $508,000 after purchasing an additional 15,568 shares during the last quarter. Millennium Management LLC boosted its stake in Telefonica Brasil by 285.9% during the 4th quarter. Millennium Management LLC now owns 2,286,284 shares of the Wireless communications provider’s stock worth $33,906,000 after purchasing an additional 1,693,892 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Telefonica Brasil during the 4th quarter worth $312,000. 9.60% of the stock is owned by institutional investors.

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About Telefonica Brasil

Telefônica Brasil SA provides mobile and fixed line 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 and 4G, as well as mobile value-added services and wireless roaming services.

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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