Telefonica Brasil (NYSE:VIV) Stock Price Expected to Rise, Scotiabank Analyst Says

Telefonica Brasil (NYSE:VIV) had its target price hoisted by investment analysts at Scotiabank from $12.50 to $15.30 in a research report issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s target price points to a potential downside of 3.91% from the company’s previous close.

A number of other research firms have also recently issued reports on VIV. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research upgraded shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Barclays lowered shares of Telefonica Brasil from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $14.50 to $16.00 in a research note on Thursday, March 12th. UBS Group cut shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a report on Wednesday, March 11th. Finally, Bank of America began coverage on shares of Telefonica Brasil in a research note on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Telefonica Brasil currently has an average rating of “Hold” and a consensus target price of $13.98.

Telefonica Brasil Stock Up 4.6%

Shares of NYSE:VIV opened at $15.92 on Monday. Telefonica Brasil has a 1 year low of $8.19 and a 1 year high of $16.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 0.94. The business’s 50-day moving average is $15.40 and its 200-day moving average is $13.46. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 0.67 and a beta of 0.68.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.21 EPS for the quarter. The business had revenue of $2.83 billion during the quarter. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%. Equities research analysts predict that Telefonica Brasil will post 0.6 earnings per share for the current year.

Institutional Trading of Telefonica Brasil

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased 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 purchasing an additional 3,266 shares in the last quarter. Arax Advisory Partners lifted its stake in shares of Telefonica Brasil by 54.4% in the fourth quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,330 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Telefonica Brasil during the first quarter valued at about $52,000. EverSource Wealth Advisors LLC increased its position in shares of Telefonica Brasil by 214.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after acquiring an additional 3,248 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Telefonica Brasil by 45.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

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.