Telefônica Brasil S.A. (NYSE:VIV) Receives $10.47 Average Price Target from Analysts

Telefônica Brasil S.A. (NYSE:VIV) has received a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.47.

A number of brokerages recently weighed in on VIV. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays boosted their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group cut their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning grew its position in shares of Telefônica Brasil by 23.2% during the 3rd quarter. Creative Planning now owns 78,323 shares of the Wireless communications provider’s stock worth $804,000 after purchasing an additional 14,724 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Telefônica Brasil by 5.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after purchasing an additional 1,080 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Telefônica Brasil by 87.5% during the 3rd quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after acquiring an additional 2,812 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Telefônica Brasil by 75.3% during the 3rd quarter. Ballentine Partners LLC now owns 35,518 shares of the Wireless communications provider’s stock worth $365,000 after acquiring an additional 15,260 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Telefônica Brasil by 30.2% during the 3rd quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after acquiring an additional 3,039 shares during the period. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Trading Down 7.1 %

Shares of NYSE:VIV opened at $8.56 on Friday. The company has a market cap of $14.15 billion, a P/E ratio of 13.59, 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 quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil has a 52-week low of $7.47 and a 52-week high of $11.43. The stock’s 50-day moving average is $8.39 and its 200-day moving average is $8.98.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. 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.