Brokerages Set Telefônica Brasil S.A. (NYSE:VIV) Price Target at $10.47

Telefônica Brasil S.A. (NYSE:VIV) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.47.

Several research firms recently commented on VIV. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays increased their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. The Goldman Sachs Group reduced their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Institutional Trading of Telefônica Brasil

Hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC lifted its holdings in Telefônica Brasil by 5.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after buying an additional 1,080 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Telefônica Brasil by 3.5% in the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock valued at $343,000 after acquiring an additional 1,136 shares during the last quarter. Kathmere Capital Management LLC increased its position in Telefônica Brasil by 4.1% in the second quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after purchasing an additional 1,150 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Telefônica Brasil by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after buying an additional 1,236 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares during the last quarter. 5.16% of the stock is owned by institutional investors.

Telefônica Brasil Stock Performance

Shares of NYSE VIV opened at $8.75 on Tuesday. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.79 and a beta of 0.78. Telefônica Brasil has a one year low of $7.47 and a one year high of $11.43. The business has a fifty day simple moving average of $8.16 and a 200 day simple moving average of $8.95. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last issued 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 for the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period in the previous year, the business earned $0.18 EPS. Sell-side analysts expect that Telefônica Brasil will post 0.6 EPS 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.