Telefonica Brasil SA (VIV) Given Average Recommendation of “Hold” by Brokerages

Telefonica Brasil SA (NYSE:VIV) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $16.53.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Telefonica Brasil from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a report on Sunday, January 21st. Royal Bank of Canada restated a “hold” rating and issued a $15.60 target price on shares of Telefonica Brasil in a report on Thursday, November 2nd. Barclays boosted their target price on shares of Telefonica Brasil from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Credit Suisse Group downgraded shares of Telefonica Brasil from an “outperform” rating to a “neutral” rating in a report on Friday, January 19th. Finally, Santander downgraded shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Thursday, December 21st.

Several institutional investors have recently bought and sold shares of VIV. Wells Fargo & Company MN increased its holdings in shares of Telefonica Brasil by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 470,663 shares of the Wireless communications provider’s stock worth $6,349,000 after buying an additional 18,691 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 worth $103,000 after purchasing an additional 4,893 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Telefonica Brasil by 1.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 443,800 shares of the Wireless communications provider’s stock worth $5,987,000 after purchasing an additional 4,200 shares during the period. Vanguard Group Inc. boosted its stake in shares of Telefonica Brasil by 10.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,497,039 shares of the Wireless communications provider’s stock worth $47,175,000 after purchasing an additional 340,648 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Telefonica Brasil by 7.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 617,240 shares of the Wireless communications provider’s stock worth $8,330,000 after purchasing an additional 44,800 shares during the period. Hedge funds and other institutional investors own 9.34% of the company’s stock.

Shares of Telefonica Brasil (NYSE:VIV) opened at $16.61 on Monday. Telefonica Brasil has a fifty-two week low of $13.06 and a fifty-two week high of $17.33. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $28,049.21, a PE ratio of 20.76, a PEG ratio of 1.20 and a beta of 1.42.

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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.

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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