Telefônica Brasil S.A. (NYSE:VIV) Receives Average Rating of “Hold” from Analysts

Telefônica Brasil S.A. (NYSE:VIV) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.47.

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Barclays upped their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday, November 25th. The Goldman Sachs Group cut their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Telefônica Brasil by 10.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider’s stock valued at $151,000 after purchasing an additional 1,873 shares during the period. DAVENPORT & Co LLC purchased a new stake in shares of Telefônica Brasil in the 4th quarter worth $78,000. Caprock Group LLC lifted its holdings in shares of Telefônica Brasil by 23.5% in the 4th quarter. Caprock Group LLC now owns 88,616 shares of the Wireless communications provider’s stock worth $669,000 after buying an additional 16,878 shares during the period. First Affirmative Financial Network raised its holdings in shares of Telefônica Brasil by 45.7% in the 4th quarter. First Affirmative Financial Network now owns 22,734 shares of the Wireless communications provider’s stock valued at $172,000 after purchasing an additional 7,127 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after purchasing an additional 1,053,218 shares during the period. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Stock Performance

Telefônica Brasil stock opened at $8.86 on Tuesday. The company’s 50-day moving average price is $8.17 and its 200-day moving average price is $8.95. Telefônica Brasil has a twelve month low of $7.47 and a twelve month high of $11.43. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $14.63 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, equities research analysts forecast that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

About Telefônica Brasil

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.