Telefonica Brasil S.A. (NYSE:VIV) Given Average Rating of “Hold” by Brokerages

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.12.

A number of research analysts have recently issued reports on the company. Morgan Stanley set a $12.00 target price on Telefonica Brasil in a research report on Wednesday, October 8th. Weiss Ratings raised shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 23rd. Bank of America initiated coverage on shares of Telefonica Brasil in a research note on Thursday, December 11th. They set an “underperform” rating and a $14.00 target price for the company. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Barclays reaffirmed an “overweight” rating and issued a $14.50 price target on shares of Telefonica Brasil in a research note on Monday, November 3rd.

Telefonica Brasil Stock Down 0.6%

VIV stock opened at $14.45 on Friday. Telefonica Brasil has a one year low of $8.09 and a one year high of $14.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 1.02. The firm’s fifty day moving average is $12.53 and its 200 day moving average is $12.33. The firm has a market cap of $23.50 billion, a PE ratio of 21.89, a P/E/G ratio of 0.87 and a beta of 0.70.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share for the quarter. The firm had revenue of $2.81 billion during the quarter. Telefonica Brasil had a return on equity of 8.67% and a net margin of 10.37%. On average, research analysts forecast that Telefonica Brasil will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Telefonica Brasil

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 3,266 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Telefonica Brasil in the first quarter valued at about $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Telefonica Brasil by 214.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 3,248 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Telefonica Brasil by 543.7% during the second quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider’s stock worth $56,000 after acquiring an additional 4,154 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Telefonica Brasil by 45.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 1,619 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.