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

Telefonica Brasil S.A. (NYSE:VIV) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.70.

VIV has been the topic of several research reports. Scotiabank raised their price target on Telefonica Brasil from $8.80 to $12.50 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. restated an “underweight” rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Barclays restated an “overweight” rating and set a $13.00 price target (up previously from $12.50) on shares of Telefonica Brasil in a research note on Thursday, August 7th. Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded Telefonica Brasil from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th.

Hedge Funds Weigh In On Telefonica Brasil

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIV. SBI Securities Co. Ltd. grew its stake in Telefonica Brasil by 39.3% in the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 1,067 shares during the last quarter. Rhumbline Advisers grew its stake in Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 3,266 shares during the last quarter. SVB Wealth LLC purchased a new position in Telefonica Brasil in the first quarter valued at about $41,000. Advisors Asset Management Inc. purchased a new position in Telefonica Brasil in the first quarter valued at about $52,000. Finally, EverSource Wealth Advisors LLC grew its stake in Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after purchasing an additional 3,248 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Down 0.4%

NYSE:VIV opened at $12.42 on Friday. Telefonica Brasil has a twelve month low of $7.47 and a twelve month high of $12.92. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. The stock has a fifty day simple moving average of $12.28 and a 200-day simple moving average of $12.10. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. Analysts anticipate that Telefonica Brasil will post 0.6 EPS for the current year.

About Telefonica 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.