Telefônica Brasil S.A. (NYSE:VIV) Receives Average Rating of “Hold” from Brokerages

Shares of Telefônica Brasil S.A. (NYSE:VIVGet Rating) have been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $25.67.

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Friday, January 13th. Barclays lowered their target price on shares of Telefônica Brasil from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, December 22nd.

Institutional Investors Weigh In On Telefônica Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Telefônica Brasil by 3.3% during the 1st quarter. BlackRock Inc. now owns 3,227,500 shares of the Wireless communications provider’s stock valued at $36,309,000 after buying an additional 103,931 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Telefônica Brasil by 6.8% during the 2nd quarter. Macquarie Group Ltd. now owns 3,135,455 shares of the Wireless communications provider’s stock valued at $28,407,000 after buying an additional 198,702 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Telefônica Brasil by 104.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,463,600 shares of the Wireless communications provider’s stock valued at $13,260,000 after buying an additional 746,200 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Telefônica Brasil by 37.2% during the 3rd quarter. Federated Hermes Inc. now owns 1,452,918 shares of the Wireless communications provider’s stock valued at $10,926,000 after buying an additional 393,787 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Telefônica Brasil by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,187,693 shares of the Wireless communications provider’s stock valued at $8,931,000 after purchasing an additional 95,105 shares in the last quarter. Institutional investors own 6.76% of the company’s stock.

Telefônica Brasil Stock Performance

Shares of NYSE:VIV opened at $7.61 on Wednesday. Telefônica Brasil has a 52 week low of $6.49 and a 52 week high of $11.78. The stock has a market capitalization of $12.76 billion, a P/E ratio of 12.27, a PEG ratio of 1.93 and a beta of 0.47. The firm has a fifty day simple moving average of $7.25 and a two-hundred day simple moving average of $7.90. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.20.

Telefônica Brasil (NYSE:VIVGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The Wireless communications provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Telefônica Brasil had a net margin of 11.64% and a return on equity of 7.82%. On average, analysts expect that Telefônica Brasil will post 0.44 earnings per share for the current fiscal year.

About Telefônica Brasil

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Telefônica Brasil SA, together with its subsidiaries, provides mobile and fixed 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, 4G, 4.5G, and 5G as well as mobile value-added services and wireless roaming services.

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Analyst Recommendations for Telefônica Brasil (NYSE:VIV)

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