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.
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.
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