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

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

VIV has been the topic of several other research reports. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $11.00 target price on shares of Telefônica Brasil in a report on Friday, January 5th. Three research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.60.

Telefônica Brasil Stock Performance

Shares of VIV opened at $9.42 on Tuesday. The firm has a market capitalization of $15.67 billion, a P/E ratio of 15.19, a PEG ratio of 0.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. Telefônica Brasil has a one year low of $7.87 and a one year high of $11.43. The business has a fifty day moving average of $10.26 and a 200 day moving average of $10.24.

Telefônica Brasil (NYSE:VIV) last released 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. As a group, sell-side analysts anticipate that Telefônica Brasil will post 0.7 EPS for the current year.

Institutional Trading of Telefônica Brasil

Institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC bought a new position in Telefônica Brasil in the 3rd quarter worth approximately $96,000. Euro Pacific Asset Management LLC lifted its position in Telefônica Brasil by 10.0% during the third quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 1,113 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Telefônica Brasil in the 3rd quarter valued at about $115,000. Personal CFO Solutions LLC purchased a new position in Telefônica Brasil in the fourth quarter worth about $136,000. Finally, Aprio Wealth Management LLC bought a new stake in Telefônica Brasil during the fourth quarter worth approximately $143,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.