Telefônica Brasil S.A. (NYSE:VIV) Receives Consensus Rating of “Hold” from Brokerages

Telefônica Brasil S.A. (NYSE:VIV) has earned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.47.

VIV has been the topic of a number of recent research reports. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays raised their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, The Goldman Sachs Group decreased their price objective 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 Investors Weigh In On Telefônica Brasil

Several institutional investors and hedge funds have recently modified their holdings of VIV. Robeco Institutional Asset Management B.V. increased its holdings in Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after acquiring an additional 1,053,218 shares during the last quarter. Brandes Investment Partners LP increased its holdings in shares of Telefônica Brasil by 14.3% in the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after purchasing an additional 275,569 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Telefônica Brasil by 49.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after purchasing an additional 385,207 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Telefônica Brasil by 12.9% in the second quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock worth $5,830,000 after purchasing an additional 81,229 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Telefônica Brasil in the 3rd quarter worth approximately $5,967,000. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Price Performance

Shares of NYSE:VIV opened at $8.86 on Tuesday. The firm’s 50 day moving average price is $8.17 and its 200-day moving average price is $8.95. Telefônica Brasil has a twelve month low of $7.47 and a twelve month high of $11.43. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $14.63 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm earned $0.18 earnings per share. Equities research analysts expect that Telefônica Brasil will post 0.6 EPS 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.