Telefonica Brasil S.A. (NYSE:VIV) Given Consensus Rating of “Hold” by Analysts

Telefonica Brasil S.A. (NYSE:VIV) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.12.

VIV has been the subject of a number of recent research reports. Zacks Research upgraded Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America began coverage on shares of Telefonica Brasil in a report on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price objective for the company. Barclays reaffirmed an “overweight” rating and set a $14.50 target price on shares of Telefonica Brasil in a report on Monday, November 3rd. Wall Street Zen raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings lowered shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th.

Telefonica Brasil Stock Up 3.0%

Shares of NYSE:VIV opened at $16.21 on Tuesday. The firm has a market capitalization of $26.36 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 0.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 1.02. Telefonica Brasil has a 52-week low of $8.09 and a 52-week high of $16.47. The firm has a fifty day moving average of $13.41 and a 200 day moving average of $12.82.

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

Hedge Funds Weigh In On Telefonica Brasil

A number of large investors have recently bought and sold shares of VIV. Coldstream Capital Management Inc. boosted its stake in shares of Telefonica Brasil by 6.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,802 shares of the Wireless communications provider’s stock valued at $140,000 after purchasing an additional 672 shares during the period. Ieq Capital LLC boosted its position in Telefonica Brasil by 3.4% during the 4th quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock valued at $264,000 after buying an additional 727 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Telefonica Brasil by 2.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 26,638 shares of the Wireless communications provider’s stock worth $316,000 after acquiring an additional 744 shares during the last quarter. BSW Wealth Partners increased its position in shares of Telefonica Brasil by 2.1% in the fourth quarter. BSW Wealth Partners now owns 36,804 shares of the Wireless communications provider’s stock valued at $436,000 after acquiring an additional 770 shares during the period. Finally, Aprio Wealth Management LLC raised its stake in shares of Telefonica Brasil by 2.2% during the fourth quarter. Aprio Wealth Management LLC now owns 39,645 shares of the Wireless communications provider’s stock valued at $470,000 after acquiring an additional 845 shares during the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.