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

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.12.

A number of brokerages have weighed in on VIV. Bank of America initiated coverage on Telefonica Brasil in a report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price target for the company. Wall Street Zen raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Weiss Ratings raised Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 23rd. Finally, Barclays restated an “overweight” rating and set a $14.50 price target on shares of Telefonica Brasil in a report on Monday, November 3rd.

Telefonica Brasil Stock Performance

NYSE:VIV opened at $14.73 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 1.02. Telefonica Brasil has a fifty-two week low of $8.09 and a fifty-two week high of $14.89. The company has a 50 day simple moving average of $12.69 and a two-hundred day simple moving average of $12.44. The company has a market capitalization of $23.97 billion, a PE ratio of 22.32, a P/E/G ratio of 0.87 and a beta of 0.71.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share for the quarter. Telefonica Brasil had a net margin of 10.37% and a return on equity of 8.67%. The company had revenue of $2.81 billion during the quarter. Research analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Telefonica Brasil

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 3,266 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Telefonica Brasil in the 1st quarter valued at about $52,000. EverSource Wealth Advisors LLC increased its holdings in Telefonica Brasil by 214.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 3,248 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Telefonica Brasil by 543.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider’s stock worth $56,000 after purchasing an additional 4,154 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Telefonica Brasil by 45.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 1,619 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.