Telefônica Brasil S.A. (NYSE:VIV) Receives $10.47 Average Price Target from Analysts

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

Several equities analysts recently issued reports on VIV shares. Barclays boosted their price target 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. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group dropped their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th.

Institutional Investors Weigh In On Telefônica Brasil

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp grew its holdings in Telefônica Brasil by 41.1% during the 3rd quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock valued at $2,716,000 after buying an additional 77,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Telefônica Brasil by 49.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after buying an additional 385,207 shares during the last quarter. Brandes Investment Partners LP grew its holdings in Telefônica Brasil by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock valued at $18,261,000 after buying an additional 275,569 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Telefônica Brasil during the 3rd quarter valued at $5,135,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Telefônica Brasil by 7.4% during the fourth 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 last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Stock Up 0.5 %

Telefônica Brasil stock opened at $8.88 on Tuesday. Telefônica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $11.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The company has a market capitalization of $14.67 billion, a P/E ratio of 14.09, a PEG ratio of 0.82 and a beta of 0.78. The stock has a 50-day simple moving average of $8.16 and a 200-day simple moving average of $8.95.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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 business earned $0.18 EPS. Equities research analysts expect that Telefônica Brasil will post 0.6 earnings per share for the current year.

Telefônica Brasil Company Profile

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.