Telefonica Brasil (NYSE:VIV) was downgraded by equities research analysts at Santander from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $15.60 price objective on shares of Telefonica Brasil in a research report on Thursday, November 2nd. Barclays boosted their price objective on shares of Telefonica Brasil from $17.00 to $17.50 and gave the company 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 report on Monday, October 16th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $16.03.
Telefonica Brasil (VIV) traded down $0.02 on Thursday, reaching $15.34. 1,183,100 shares of the company traded hands, compared to its average volume of 1,374,298. The company has a market cap of $25,938.34, a PE ratio of 19.20, a P/E/G ratio of 1.50 and a beta of 1.35. Telefonica Brasil has a 1-year low of $12.83 and a 1-year high of $16.85. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.07.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Veritable L.P. grew its stake in Telefonica Brasil by 1.0% in the 2nd quarter. Veritable L.P. now owns 45,676 shares of the Wireless communications provider’s stock valued at $616,000 after buying an additional 452 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Telefonica Brasil by 12.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,401 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 2,673 shares in the last quarter. ETRADE Capital Management LLC grew its position in shares of Telefonica Brasil by 19.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 20,360 shares of the Wireless communications provider’s stock worth $323,000 after purchasing an additional 3,362 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Telefonica Brasil by 4.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 80,672 shares of the Wireless communications provider’s stock worth $1,088,000 after purchasing an additional 3,618 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position 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 in the last quarter. Institutional investors and hedge funds own 9.33% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece of content was reported by American Market News and is the property of of American Market News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/21/telefonica-brasil-viv-stock-rating-lowered-by-santander.html.
About Telefonica Brasil
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.
