Barclays Lowers Telefônica Brasil (NYSE:VIV) Price Target to $13.00

Telefônica Brasil (NYSE:VIV) had its price objective reduced by stock analysts at Barclays from $13.50 to $13.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the Wireless communications provider’s stock. Barclays‘s price objective would indicate a potential upside of 38.00% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Morgan Stanley reissued an “equal weight” rating and issued a $11.00 price target on shares of Telefônica Brasil in a report on Friday, January 5th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Telefônica Brasil currently has an average rating of “Moderate Buy” and a consensus target price of $11.60.

Telefônica Brasil Price Performance

NYSE:VIV opened at $9.42 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. Telefônica Brasil has a 12-month low of $7.87 and a 12-month high of $11.43. The stock’s 50 day moving average price is $10.26 and its two-hundred day moving average price is $10.24. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 0.73 and a beta of 0.75.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. The business had revenue of $2.73 billion during the quarter. On average, analysts anticipate that Telefônica Brasil will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its position in Telefônica Brasil by 24.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 302,011 shares of the Wireless communications provider’s stock worth $2,582,000 after purchasing an additional 59,194 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Telefônica Brasil in the 3rd quarter valued at $1,499,000. Pacer Advisors Inc. increased its position in shares of Telefônica Brasil by 10.6% during the fourth quarter. Pacer Advisors Inc. now owns 119,406 shares of the Wireless communications provider’s stock worth $1,306,000 after buying an additional 11,447 shares during the period. Bleakley Financial Group LLC bought a new position in Telefônica Brasil during the fourth quarter worth $149,000. Finally, Caprock Group LLC boosted its position in Telefônica Brasil by 84.3% during the fourth quarter. Caprock Group LLC now owns 30,351 shares of the Wireless communications provider’s stock valued at $332,000 after acquiring an additional 13,887 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

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.