Telefônica Brasil (NYSE:VIV) Reaches New 52-Week Low at $8.10

Telefônica Brasil S.A. (NYSE:VIV) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.10 and last traded at $8.20, with a volume of 1363691 shares changing hands. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and an average target price of $11.35.

Telefônica Brasil Trading Up 2.8 %

The company has a market capitalization of $13.82 billion, a PE ratio of 13.19, a PEG ratio of 0.68 and a beta of 0.79. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $8.75 and a two-hundred day moving average of $9.83.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, May 7th. The Wireless communications provider reported $0.11 earnings per share for the quarter. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. As a group, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.68 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, June 27th. Investors of record on Friday, January 1st were issued a dividend of $0.0166 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a dividend yield of 4.6%. Telefônica Brasil’s dividend payout ratio is 44.45%.

Hedge Funds Weigh In On Telefônica Brasil

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Telefônica Brasil in the 3rd quarter worth approximately $115,000. B. Riley Wealth Advisors Inc. purchased a new position in Telefônica Brasil in the 1st quarter worth approximately $123,000. Personal CFO Solutions LLC purchased a new position in Telefônica Brasil in the 4th quarter worth approximately $136,000. Aprio Wealth Management LLC purchased a new position in Telefônica Brasil in the 4th quarter worth approximately $143,000. Finally, Ballentine Partners LLC purchased a new position in Telefônica Brasil in the 4th quarter worth approximately $147,000. 5.16% of the stock is owned by hedge funds and other institutional investors.

About Telefônica Brasil

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.