Telefônica Brasil S.A. (NYSE:VIV) Receives $9.97 Average Target Price from Brokerages

Telefônica Brasil S.A. (NYSE:VIV) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.97.

VIV has been the subject of a number of recent research reports. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group dropped their target price 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. Barclays raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. Finally, Scotiabank decreased their price target on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th.

Telefônica Brasil Stock Performance

Shares of VIV opened at $8.72 on Wednesday. The company has a market cap of $14.40 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $8.67 and a 200-day moving average price of $8.89. Telefônica Brasil has a 12-month low of $7.47 and a 12-month high of $10.41.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. As a group, equities analysts forecast that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telefônica Brasil

Large investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. increased its stake 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 valued at $114,704,000 after buying an additional 1,053,218 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Telefônica Brasil during the third quarter valued at approximately $5,967,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Telefônica Brasil during the third quarter valued at approximately $5,135,000. Millennium Management LLC increased its stake in shares of Telefônica Brasil by 283.2% during the fourth quarter. Millennium Management LLC now owns 592,234 shares of the Wireless communications provider’s stock valued at $4,471,000 after buying an additional 437,678 shares during the period. Finally, Two Sigma Investments LP increased its stake in shares of 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 buying an additional 414,193 shares during the period. 5.16% of the stock is owned by hedge funds and other institutional investors.

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.