StockNews.com upgraded shares of Telefônica Brasil (NYSE:VIV – Free Report) from a buy rating to a strong-buy rating in a report published on Monday. VIV has been the subject of several other research reports. Morgan Stanley upgraded shares of Telefônica Brasil from an equal weight rating to an overweight rating in a report on Thursday, July 11th. Barclays upped their target price on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an equal weight rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Telefônica Brasil presently has a consensus rating of Moderate Buy and a consensus target price of $11.17.
Telefônica Brasil, a subsidiary of Telefônica, has been actively engaged in acquiring and integrating various companies in the Brazilian telecommunications market. This strategic move has led to a significant increase in its market share. Telefônica Brasil has also been actively involved in expanding its network infrastructure, particularly in rural areas.
Telefônica Brasil Cuts Dividend The company also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 27th were paid a dividend of $0.0379 per share. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 27th. Telefônica Brasil’s payout ratio is 49.21%. Hedge Funds Weigh In On Telefônica Brasil Several institutional investors and hedge funds have recently modified their holdings of VIV. Truist Financial Corp raised its stake in shares of Telefônica Brasil by 6.6% in the 4th quarter. Truist Financial Corp now owns 75,080 shares of the Wireless communications provider’s stock valued at $821,000 after acquiring an additional 4,623 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Telefônica Brasil by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 36,702 shares of the Wireless communications provider’s stock valued at $402,000 after buying an additional 3,721 shares during the period. Brandes Investment Partners LP boosted its holdings in shares of Telefônica Brasil by 38.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,917,010 shares of the Wireless communications provider’s stock valued at $20,972,000 after buying an additional 532,794 shares during the period. Team Hewins LLC acquired a new position in shares of Telefônica Brasil in the 4th quarter valued at about $339,000. Finally, Capstone Investment Advisors LLC bought a new position in Telefônica Brasil in the 4th quarter worth about $1,553,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.
Telefônica Brasil Company Profile (Get Free Report) 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. See Also Receive News & Ratings for Telefônica Brasil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Telefônica Brasil and related companies with MarketBeat.com’s FREE daily email newsletter.
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