Telefônica Brasil S.A. (NYSE:VIV) Receives $10.60 Consensus Price Target from Analysts

Shares of Telefônica Brasil S.A. (NYSE:VIV) have been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.47.

VIV has been the subject of a number of research analyst reports. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barclays increased their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. The Goldman Sachs Group lowered their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a report on Thursday, December 19th. Scotiabank increased their price target on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Finally, New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

Telefônica Brasil Stock Down 1.5 %

Shares of NYSE:VIV opened at $7.76 on Friday. 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 business has a fifty day moving average of $8.39 and a two-hundred day moving average of $8.97. The stock has a market cap of $12.91 billion, a P/E ratio of 12.32, a PEG ratio of 0.78 and a beta of 0.78. Telefônica Brasil has a 52-week low of $7.47 and a 52-week high of $11.43.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same period in the prior year, the business earned $0.18 EPS. On average, research analysts expect that Telefônica Brasil will post 0.63 earnings per share for the current year.

Hedge Funds Weigh In On Telefônica Brasil

Several hedge funds have recently bought and sold shares of VIV. GAMMA Investing LLC lifted its stake in Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 1,543 shares in the last quarter. Blue Trust Inc. raised its position in Telefônica Brasil by 87.5% in the 3rd quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock valued at $62,000 after purchasing an additional 2,812 shares in the last quarter. Aprio Wealth Management LLC acquired a new stake in Telefônica Brasil in the 3rd quarter valued at about $134,000. QRG Capital Management Inc. raised its position in Telefônica Brasil by 30.2% in the 3rd quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock valued at $134,000 after purchasing an additional 3,039 shares in the last quarter. Finally, First Affirmative Financial Network acquired a new stake in Telefônica Brasil in the 3rd quarter valued at about $160,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

About Telefônica Brasil

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.