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

Shares of Telefônica Brasil S.A. (NYSE:VIV) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.07.

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays boosted their target price 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. Scotiabank decreased their target price on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research report on Thursday. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

Institutional Trading of Telefônica Brasil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. increased its holdings in Telefônica Brasil by 7.4% during 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Telefônica Brasil by 4.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,571,650 shares of the Wireless communications provider’s stock worth $19,416,000 after purchasing an additional 114,266 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Telefônica Brasil by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider’s stock worth $15,690,000 after purchasing an additional 78,200 shares in the last quarter. Barclays PLC increased its holdings in Telefônica Brasil by 2.6% during the 4th quarter. Barclays PLC now owns 1,275,565 shares of the Wireless communications provider’s stock worth $9,630,000 after purchasing an additional 31,820 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased 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 worth $12,034,000 after purchasing an additional 385,207 shares in the last quarter. 5.16% of the stock is owned by institutional investors.

Telefônica Brasil Stock Down 3.7 %

Shares of NYSE:VIV opened at $8.16 on Friday. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.84 and a beta of 0.79. 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 business’s 50-day moving average is $8.40 and its 200-day moving average is $8.97. Telefônica Brasil has a 1 year low of $7.47 and a 1 year high of $11.10.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $2.50 billion for 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%. Equities research analysts predict 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.