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

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

VIV has been the subject of several research reports. Weiss Ratings lowered shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Barclays restated an “overweight” rating and issued a $14.50 price objective on shares of Telefonica Brasil in a report on Monday, November 3rd. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research raised Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Bank of America initiated coverage on Telefonica Brasil in a research report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price target on the stock.

Telefonica Brasil Price Performance

Shares of VIV stock opened at $16.21 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 1.02. Telefonica Brasil has a fifty-two week low of $8.09 and a fifty-two week high of $16.47. The firm has a market cap of $26.36 billion, a P/E ratio of 24.55, a P/E/G ratio of 0.89 and a beta of 0.71. The business’s 50 day moving average price is $13.41 and its 200-day moving average price is $12.82.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 EPS for the quarter. The company 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, equities research analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VIV. Robeco Institutional Asset Management B.V. lifted its position in Telefonica Brasil by 0.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 17,145,564 shares of the Wireless communications provider’s stock valued at $203,346,000 after acquiring an additional 145,449 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Telefonica Brasil by 54.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,754,523 shares of the Wireless communications provider’s stock valued at $65,602,000 after purchasing an additional 2,036,349 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Telefonica Brasil by 3.5% during the second quarter. Brandes Investment Partners LP now owns 3,480,597 shares of the Wireless communications provider’s stock valued at $39,679,000 after buying an additional 119,002 shares during the last quarter. Invesco Ltd. boosted its position in shares of Telefonica Brasil by 8.3% during the fourth quarter. Invesco Ltd. now owns 3,094,219 shares of the Wireless communications provider’s stock valued at $36,697,000 after buying an additional 237,601 shares during the last quarter. Finally, Aberdeen Group plc increased its holdings in Telefonica Brasil by 1.3% in the 4th quarter. Aberdeen Group plc now owns 2,949,455 shares of the Wireless communications provider’s stock worth $34,981,000 after buying an additional 37,899 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors.

Telefonica Brasil Company Profile

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.