Telefônica Brasil S.A. (NYSE:VIV) Given Consensus Recommendation of “Hold” by Analysts

Shares of Telefônica Brasil S.A. (NYSE:VIV) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.47.

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

Institutional Trading of Telefônica Brasil

Several hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC grew its holdings in Telefônica Brasil by 18.0% during the fourth quarter. Vident Advisory LLC now owns 26,686 shares of the Wireless communications provider’s stock valued at $201,000 after purchasing an additional 4,063 shares during the period. Two Sigma Advisers LP grew its holdings in Telefônica Brasil by 394.2% during the fourth quarter. Two Sigma Advisers LP now owns 240,200 shares of the Wireless communications provider’s stock valued at $1,814,000 after purchasing an additional 191,600 shares during the period. Two Sigma Investments LP grew its holdings in Telefônica Brasil by 151.9% during the fourth quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider’s stock valued at $5,185,000 after purchasing an additional 414,193 shares during the period. Point72 Asset Management L.P. bought a new stake in Telefônica Brasil during the fourth quarter valued at about $379,000. Finally, Quantinno Capital Management LP grew its holdings in Telefônica Brasil by 56.8% during the fourth quarter. Quantinno Capital Management LP now owns 52,325 shares of the Wireless communications provider’s stock valued at $395,000 after purchasing an additional 18,955 shares during the period. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Up 0.7 %

VIV stock opened at $9.17 on Friday. Telefônica Brasil has a 1-year low of $7.47 and a 1-year high of $11.43. The business has a fifty day moving average price of $8.31 and a 200-day moving average price of $8.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The stock has a market capitalization of $15.15 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.85 and a beta of 0.79.

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.