Telefonica Brasil SA (NYSE:VIV) Receives Average Recommendation of “Hold” from Brokerages

Telefonica Brasil SA (NYSE:VIV) has received an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $26.60.

A number of equities research analysts have commented on VIV shares. Jefferies Financial Group reiterated a “neutral” rating and issued a $25.00 price target on shares of Telefonica Brasil in a research note on Thursday, October 17th. ValuEngine cut Telefonica Brasil from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. HSBC reiterated a “buy” rating and issued a $28.50 price target on shares of Telefonica Brasil in a research note on Thursday. Standpoint Research cut Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, TheStreet upgraded Telefonica Brasil from a “c+” rating to a “b-” rating in a research note on Tuesday, October 22nd.

Shares of NYSE VIV traded down $0.01 during mid-day trading on Wednesday, reaching $13.30. 890,909 shares of the company were exchanged, compared to its average volume of 1,574,250. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 1.52 and a beta of 0.69. Telefonica Brasil has a 1 year low of $10.23 and a 1 year high of $14.47. The firm has a 50-day moving average of $13.06 and a 200 day moving average of $12.78.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, July 30th. The Wireless communications provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Telefonica Brasil had a return on equity of 10.26% and a net margin of 16.91%. On average, equities analysts forecast that Telefonica Brasil will post 0.88 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of VIV. Bank of America Corp DE grew its holdings in Telefonica Brasil by 54.6% in the second quarter. Bank of America Corp DE now owns 5,028,685 shares of the Wireless communications provider’s stock valued at $65,473,000 after purchasing an additional 1,776,537 shares during the period. Pendal Group Ltd purchased a new position in shares of Telefonica Brasil in the second quarter valued at approximately $5,448,000. JPMorgan Chase & Co. lifted its position in shares of Telefonica Brasil by 26.9% in the second quarter. JPMorgan Chase & Co. now owns 1,701,364 shares of the Wireless communications provider’s stock valued at $22,187,000 after acquiring an additional 360,393 shares in the last quarter. Aperio Group LLC lifted its position in shares of Telefonica Brasil by 17.5% in the second quarter. Aperio Group LLC now owns 1,891,755 shares of the Wireless communications provider’s stock valued at $24,631,000 after acquiring an additional 281,204 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Telefonica Brasil by 8.2% in the second quarter. Acadian Asset Management LLC now owns 2,932,361 shares of the Wireless communications provider’s stock valued at $38,181,000 after acquiring an additional 221,386 shares in the last quarter. 9.22% of the stock is currently owned by institutional investors.

About Telefonica Brasil

Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.

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Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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