Telefonica Brasil S.A. (NYSE:VIV) Given Average Recommendation of “Hold” by Brokerages

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $12.90.

A number of analysts recently issued reports on VIV shares. Citigroup initiated coverage on Telefonica Brasil in a research report on Wednesday, September 10th. They issued a “neutral” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Telefonica Brasil in a report on Monday. Morgan Stanley set a $12.00 price objective on shares of Telefonica Brasil in a research report on Wednesday, October 8th. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, The Goldman Sachs Group increased their price objective on Telefonica Brasil from $11.40 to $12.60 and gave the stock a “buy” rating in a research report on Tuesday, August 19th.

Telefonica Brasil Trading Up 1.8%

Shares of Telefonica Brasil stock opened at $12.47 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $12.55 and a 200-day simple moving average of $11.93. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.98 and a beta of 0.69. Telefonica Brasil has a 12-month low of $7.47 and a 12-month high of $13.31.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share for the quarter. The firm had revenue of $2.81 billion during the quarter. Telefonica Brasil had a net margin of 10.37% and a return on equity of 8.67%. On average, equities analysts forecast that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefonica Brasil

Several hedge funds have recently made changes to their positions in the company. Ramirez Asset Management Inc. acquired a new position in Telefonica Brasil during the second quarter worth about $4,866,000. Modern Wealth Management LLC purchased a new stake in shares of Telefonica Brasil during the 1st quarter worth approximately $423,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Telefonica Brasil by 54.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,754,523 shares of the Wireless communications provider’s stock worth $65,602,000 after acquiring an additional 2,036,349 shares during the period. Envestnet Asset Management Inc. increased its stake in Telefonica Brasil by 62.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 729,193 shares of the Wireless communications provider’s stock valued at $8,313,000 after purchasing an additional 279,980 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Telefonica Brasil by 23.7% during the first quarter. American Century Companies Inc. now owns 150,128 shares of the Wireless communications provider’s stock worth $1,309,000 after purchasing an additional 28,749 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

About Telefonica 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.