Telefônica Brasil (NYSE:VIV) Stock Price Up 3% - What's Next?

Shares of Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) were up 3% during trading on Tuesday . The stock traded as high as $8.97 and last traded at $8.98. Approximately 123,970 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 834,406 shares. The stock had previously closed at $8.72.

Analyst Ratings Changes

VIV has been the topic of a number of research analyst reports. Barclays raised Telefônica Brasil from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $11.80 to $11.50 in a research report on Monday, March 3rd. Scotiabank dropped their price objective on shares of Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group reduced their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a report on Thursday, December 19th. New Street Research downgraded shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Finally, StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.97.

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Telefônica Brasil Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.84 and a beta of 0.60. The company's 50 day moving average is $8.81 and its 200 day moving average is $8.81.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. Research analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Telefônica Brasil Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were issued a $0.0215 dividend. This is a boost from Telefônica Brasil's previous dividend of $0.02. The ex-dividend date was Tuesday, March 25th. Telefônica Brasil's dividend payout ratio is presently 45.90%.

Hedge Funds Weigh In On Telefônica Brasil

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Telefônica Brasil by 67.8% in the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider's stock valued at $29,000 after purchasing an additional 1,543 shares during the period. Allworth Financial LP increased its stake in Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock valued at $31,000 after buying an additional 1,933 shares during the period. R Squared Ltd purchased a new position in Telefônica Brasil during the 4th quarter worth $37,000. Parvin Asset Management LLC acquired a new stake in shares of Telefônica Brasil in the 4th quarter worth $51,000. Finally, GeoWealth Management LLC increased its stake in shares of Telefônica Brasil by 1,429.4% during the fourth quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider's stock worth $64,000 after acquiring an additional 7,976 shares during the period. Institutional investors and hedge funds own 5.16% of the company's stock.

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.