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

Telefonica Brasil (NYSE:VIV) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

VIV has been the topic of several other 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 report on Thursday, July 31st. The Goldman Sachs Group raised their price target on Telefonica Brasil from $9.20 to $10.30 and gave the company a “buy” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telefonica Brasil in a research report on Friday. Finally, Barclays reaffirmed an “overweight” rating and issued a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.93.

Telefonica Brasil Price Performance

NYSE VIV opened at $12.21 on Friday. Telefonica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $12.39. The stock’s 50-day moving average is $11.15 and its two-hundred day moving average is $13.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. The firm has a market cap of $19.85 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.71.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $14.48 billion. Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.26%. On average, analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current fiscal year.

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. increased its stake in Telefonica Brasil by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 1,067 shares during the period. Rhumbline Advisers increased its stake in Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 3,266 shares during the period. SVB Wealth LLC bought a new position in Telefonica Brasil during the first quarter valued at about $41,000. Parvin Asset Management LLC bought a new position in Telefonica Brasil during the fourth quarter valued at about $51,000. Finally, Advisors Asset Management Inc. bought a new position in Telefonica Brasil during the first quarter valued at about $52,000. 5.16% of the stock is currently owned by institutional investors.

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.