Telefonica Brasil SA (VIV) Receives Consensus Rating of “Buy” from Brokerages

Shares of Telefonica Brasil SA (NYSE:VIV) have been assigned a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.03.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $15.60 price objective on shares of Telefonica Brasil in a research note on Thursday, November 2nd. Barclays upped their price objective on shares of Telefonica Brasil from $17.00 to $17.50 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Telefonica Brasil from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th.

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in Telefonica Brasil by 178.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,641 shares of the Wireless communications provider’s stock valued at $103,000 after buying an additional 4,893 shares during the last quarter. Virtu Financial LLC bought a new stake in Telefonica Brasil during the 3rd quarter valued at $165,000. River Road Asset Management LLC bought a new stake in Telefonica Brasil during the 3rd quarter valued at $173,000. Dynamic Technology Lab Private Ltd bought a new stake in Telefonica Brasil during the 3rd quarter valued at $181,000. Finally, Trexquant Investment LP bought a new stake in Telefonica Brasil during the 2nd quarter valued at $175,000. Institutional investors own 9.50% of the company’s stock.

Shares of Telefonica Brasil (VIV) opened at $15.30 on Friday. Telefonica Brasil has a 12 month low of $12.63 and a 12 month high of $16.85. The stock has a market cap of $25,752.58, a price-to-earnings ratio of 19.06, a PEG ratio of 1.49 and a beta of 1.35. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.07.

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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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