Telefonica Brasil S.A. (NYSE:VIV) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.00.

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $15.50 price target on shares of Telefonica Brasil in a research note on Tuesday, May 16th. BidaskClub upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $15.00 target price on shares of Telefonica Brasil in a research report on Monday, August 14th.

A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank raised its holdings in Telefonica Brasil by 0.5% during the 1st quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock worth $963,000 after purchasing an additional 344 shares during the last quarter. Veritable L.P. raised its holdings in Telefonica Brasil by 1.0% during the 2nd quarter. Veritable L.P. now owns 45,676 shares of the Wireless communications provider’s stock worth $616,000 after purchasing an additional 452 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Telefonica Brasil by 1.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,867 shares of the Wireless communications provider’s stock worth $1,111,000 after purchasing an additional 956 shares during the last quarter. World Asset Management Inc raised its holdings in Telefonica Brasil by 1.5% during the 1st quarter. World Asset Management Inc now owns 69,745 shares of the Wireless communications provider’s stock worth $1,036,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Telefonica Brasil by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock worth $3,273,000 after purchasing an additional 1,212 shares during the last quarter. Hedge funds and other institutional investors own 10.04% of the company’s stock.

Telefonica Brasil (NYSE VIV) opened at 15.83 on Friday. Telefonica Brasil has a 52 week low of $11.95 and a 52 week high of $15.90. The company has a market capitalization of $26.73 billion, a P/E ratio of 21.02 and a beta of 1.35. The firm has a 50 day moving average of $15.14 and a 200-day moving average of $14.62.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.06. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. The company had revenue of $3.33 billion during the quarter. On average, analysts forecast that Telefonica Brasil will post $0.90 earnings per share for the current year.

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About Telefonica Brasil

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. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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