Telefonica Brasil SA (NYSE:viv) announced a dividend on Wednesday, September 21st. Shareholders of record on Wednesday, October 5th will be given a dividend of 0.104 per share on Wednesday, October 5th. The ex-dividend date of this dividend is Monday, October 3rd.
Shares of Telefonica Brasil SA (NYSE:VIV) opened at 14.85 on Wednesday. The firm has a 50-day moving average of $14.72 and a 200-day moving average of $13.16. Telefonica Brasil SA has a 12-month low of $7.72 and a 12-month high of $15.69. The firm has a market cap of $25.08 billion, a P/E ratio of 21.03 and a beta of 1.58.
A number of research analysts have commented on VIV shares. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Telefonica Brasil SA in a research note on Tuesday, June 28th. Zacks Investment Research upgraded shares of Telefonica Brasil SA from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, July 4th. Morgan Stanley lowered shares of Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 6th. Finally, Barclays PLC lifted their target price on shares of Telefonica Brasil SA from $17.00 to $17.50 and gave the company an “overweight” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Telefonica Brasil SA presently has an average rating of “Hold” and a consensus target price of $13.88.
Several hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co bought a new stake in Telefonica Brasil SA during the second quarter worth approximately $198,000. Citigroup Inc. increased its stake in Telefonica Brasil SA by 41.2% in the second quarter. Citigroup Inc. now owns 15,764 shares of the company’s stock worth $215,000 after buying an additional 4,600 shares in the last quarter. Analytic Investors LLC bought a new stake in Telefonica Brasil SA during the second quarter worth approximately $286,000. Trexquant Investment LP increased its stake in Telefonica Brasil SA by 94.7% in the second quarter. Trexquant Investment LP now owns 25,706 shares of the company’s stock worth $350,000 after buying an additional 12,506 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Telefonica Brasil SA during the second quarter worth approximately $447,000. 10.28% of the stock is currently owned by institutional investors and hedge funds.
Telefonica Brasil SA Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB), Pay television, information technology and digital services (such as e-health, cloud and financial services).
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