Telefonica Brasil (NYSE:VIV) Downgraded to Hold Rating by Wall Street Zen

Telefonica Brasil (NYSE:VIV) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, The Goldman Sachs Group increased their target price on Telefonica Brasil from $9.20 to $10.30 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Telefonica Brasil has an average rating of “Moderate Buy” and an average target price of $17.23.

Telefonica Brasil Stock Up 1.9%

NYSE VIV opened at $11.83 on Friday. The stock’s 50-day moving average price is $10.33 and its 200-day moving average price is $14.24. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. Telefonica Brasil has a 52 week low of $7.47 and a 52 week high of $11.81. The company has a market capitalization of $19.54 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.33 and a beta of 0.75.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Telefonica Brasil had a return on equity of 8.09% and a net margin of 10.07%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $14.41 billion. On average, equities research analysts predict that Telefonica Brasil will post 0.6 earnings per share for the current year.

Institutional Trading of Telefonica Brasil

Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its holdings in Telefonica Brasil by 39.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 1,067 shares in the last quarter. Rhumbline Advisers grew its holdings in Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 3,266 shares in the last quarter. SVB Wealth LLC purchased a new position in Telefonica Brasil during the 1st quarter valued at approximately $41,000. Parvin Asset Management LLC purchased a new position in Telefonica Brasil during the 4th quarter valued at approximately $51,000. Finally, Advisors Asset Management Inc. purchased a new position in Telefonica Brasil during the 1st quarter valued at approximately $52,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefonica 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.