Telefônica Brasil (NYSE:VIV) Given New $9.20 Price Target at The Goldman Sachs Group

Telefônica Brasil (NYSE:VIV) had its target price lowered by The Goldman Sachs Group from $10.60 to $9.20 in a report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the Wireless communications provider’s stock.

A number of other research analysts have also recently commented on the company. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Scotiabank boosted their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price target on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.60.

Telefônica Brasil Trading Up 3.1 %

Shares of Telefônica Brasil stock opened at $7.94 on Thursday. Telefônica Brasil has a 52-week low of $7.66 and a 52-week high of $11.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The firm has a 50-day moving average of $8.90 and a 200-day moving average of $9.03. The stock has a market cap of $13.21 billion, a PE ratio of 12.60, a PEG ratio of 0.78 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period last year, the firm earned $0.18 earnings per share. As a group, sell-side analysts forecast that Telefônica Brasil will post 0.63 EPS for the current year.

Institutional Trading of Telefônica Brasil

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Telefônica Brasil by 2,821.8% in the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 3,104 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in shares of Telefônica Brasil during the third quarter worth $134,000. QRG Capital Management Inc. raised its position in 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 purchasing an additional 3,039 shares during the last quarter. First Affirmative Financial Network acquired a new position in Telefônica Brasil during the 3rd quarter worth about $160,000. Finally, Atomi Financial Group Inc. grew its position in shares of Telefônica Brasil by 30.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 18,873 shares of the Wireless communications provider’s stock valued at $194,000 after buying an additional 4,421 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors.

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.