Telefonica Brasil S.A. (NYSE:VIV)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued on Thursday. They presently have a $15.60 price objective on the Wireless communications provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 1.30% from the stock’s previous close.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Barclays PLC raised their price target on Telefonica Brasil from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price target on shares of Telefonica Brasil in a research note on Monday, August 14th. Finally, BidaskClub raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.03.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Numeric Investors LLC bought a new stake in Telefonica Brasil in the 4th quarter worth about $4,918,000. BARING ASSET MANAGEMENT Ltd bought a new stake in Telefonica Brasil in the 4th quarter worth about $1,122,000. AXA bought a new stake in Telefonica Brasil in the 1st quarter worth about $177,000. Russell Frank Co increased its holdings in Telefonica Brasil by 58.8% in the 4th quarter. Russell Frank Co now owns 3,275,876 shares of the Wireless communications provider’s stock worth $29,508,000 after buying an additional 1,213,553 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Telefonica Brasil by 79.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,793,270 shares of the Wireless communications provider’s stock worth $25,942,000 after buying an additional 795,298 shares in the last quarter. Institutional investors own 10.03% of the company’s stock.

Telefonica Brasil Company Profile

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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