Telefonica Brasil S.A. (NYSE:VIV) Given Consensus Recommendation of “Hold” by Analysts

Telefonica Brasil S.A. (NYSE:VIV) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.5250.

Several equities research analysts have issued reports on the company. Weiss Ratings lowered Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Scotiabank lifted their price target on Telefonica Brasil from $8.80 to $12.50 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Barclays reaffirmed an “overweight” rating and set a $13.00 price target (up previously from $12.50) on shares of Telefonica Brasil in a research note on Thursday, August 7th. Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telefonica Brasil in a research note on Friday, August 8th.

Institutional Investors Weigh In On Telefonica Brasil

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its stake in shares of Telefonica Brasil by 39.3% in the 1st 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 last quarter. Rhumbline Advisers lifted its stake in shares of Telefonica Brasil by 337.7% in the 1st 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 last quarter. SVB Wealth LLC bought a new stake in shares of Telefonica Brasil in the 1st quarter valued at about $41,000. EverSource Wealth Advisors LLC lifted its stake in shares of Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 3,248 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Telefonica Brasil by 543.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider’s stock valued at $56,000 after acquiring an additional 4,154 shares during the last quarter. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Up 2.3%

VIV stock opened at $12.73 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $12.38 and its 200 day moving average is $11.47. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. Telefonica Brasil has a 1-year low of $7.47 and a 1-year high of $12.92.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $14.48 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. Sell-side analysts predict that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

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.