Telefonica Brasil (NYSE:VIV) was downgraded by equities research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.
Several other equities analysts have also recently weighed in on the stock. Santander cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Royal Bank of Canada reiterated a “hold” rating and set a $15.60 price objective on shares of Telefonica Brasil in a research report on Thursday, November 2nd. Barclays lifted their price objective on shares of Telefonica Brasil from $17.00 to $17.50 and gave the stock an “overweight” rating in a research report 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. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.28.
Telefonica Brasil (VIV) traded down $0.36 during midday trading on Friday, reaching $15.46. 1,250,000 shares of the company’s stock traded hands, compared to its average volume of 1,260,000. Telefonica Brasil has a 12-month low of $13.06 and a 12-month high of $16.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 0.96. The stock has a market cap of $24,690.00, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36.
Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Wednesday, October 25th. The Wireless communications provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Telefonica Brasil had a net margin of 10.00% and a return on equity of 6.29%. equities research analysts expect that Telefonica Brasil will post 0.81 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the business. Fox Run Management L.L.C. acquired a new stake in shares of Telefonica Brasil during the 4th quarter valued at $1,103,000. Creative Planning acquired a new stake in shares of Telefonica Brasil during the 4th quarter valued at $178,000. DnB Asset Management AS boosted its stake in shares of Telefonica Brasil by 12.1% during the 4th quarter. DnB Asset Management AS now owns 62,800 shares of the Wireless communications provider’s stock valued at $931,000 after buying an additional 6,800 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Telefonica Brasil during the 3rd quarter valued at $1,231,000. Finally, Virtu Financial LLC acquired a new stake in shares of Telefonica Brasil during the 3rd quarter valued at $165,000. 9.33% of the stock is owned by institutional investors.
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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.