Telefonica Brasil S.A. (NYSE:VIV) Stock Has Consensus Price Target of $14.26 According to Analysts

Telefonica Brasil S.A. (NYSE:VIV) has earned a consensus rating of “Reduce” from the nine analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.26.

Several research firms have recently issued reports on VIV. Bank of America upgraded shares of Telefonica Brasil from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Telefonica Brasil in a research note on Friday, October 2nd. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a report on Thursday, August 20th. Finally, Barclays set a $14.00 target price on Telefonica Brasil and gave the stock an “equal weight” rating in a research report on Thursday, October 29th.

Institutional Investors Weigh In On Telefonica Brasil

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in shares of Telefonica Brasil by 31.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,252 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 779 shares during the period. Compound Planning Inc. boosted its position in shares of Telefonica Brasil by 5.3% in the first quarter. Compound Planning Inc. now owns 16,750 shares of the Wireless communications provider’s stock valued at $266,000 after acquiring an additional 839 shares during the period. SG Americas Securities LLC increased its stake in Telefonica Brasil by 11.5% during the 1st quarter. SG Americas Securities LLC now owns 10,347 shares of the Wireless communications provider’s stock worth $165,000 after acquiring an additional 1,064 shares during the period. Personal CFO Solutions LLC boosted its position in shares of Telefonica Brasil by 5.4% during the 1st quarter. Personal CFO Solutions LLC now owns 21,793 shares of the Wireless communications provider’s stock worth $348,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its position in Telefonica Brasil by 2.3% in the first quarter. Kathmere Capital Management LLC now owns 72,933 shares of the Wireless communications provider’s stock valued at $1,160,000 after acquiring an additional 1,656 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Trading Up 0.1%

NYSE VIV opened at $11.32 on Friday. The company’s fifty day simple moving average is $11.90 and its 200-day simple moving average is $13.73. The stock has a market cap of $18.42 billion, a P/E ratio of 14.52, a PEG ratio of 0.66 and a beta of 0.53. Telefonica Brasil has a 52 week low of $10.70 and a 52 week high of $17.25. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

About Telefonica Brasil

Telefônica Brasil SA, operating under the Vivo brand, is one of Brazil’s major telecommunications companies. The company provides mobile voice and data services, fixed-line telecommunications, broadband internet, and other connectivity solutions to consumers, businesses, and public-sector customers.

Its offerings include mobile communication plans, 4G and 5G services, fiber-optic broadband, fixed voice services, television and digital entertainment options, and business technology solutions.