Telefônica Brasil S.A. (NYSE:VIV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Telefônica Brasil S.A. (NYSE:VIV) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.97.

Several research analysts have recently issued reports on VIV shares. Barclays raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. The Goldman Sachs Group cut their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, Scotiabank cut their price target on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research note on Thursday, February 27th.

Telefônica Brasil Price Performance

Telefônica Brasil stock opened at $8.97 on Wednesday. Telefônica Brasil has a one year low of $7.47 and a one year high of $10.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The business has a fifty day moving average of $8.61 and a two-hundred day moving average of $8.89. The company has a market cap of $14.82 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. As a group, analysts predict that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC raised its stake in Telefônica Brasil by 1.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 82,053 shares of the Wireless communications provider’s stock valued at $620,000 after purchasing an additional 1,086 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Telefônica Brasil by 3.5% in the 3rd quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock valued at $343,000 after buying an additional 1,136 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Telefônica Brasil by 5.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock valued at $243,000 after buying an additional 1,236 shares during the period. Summit Global Investments grew its holdings in Telefônica Brasil by 1.1% in the 4th quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider’s stock valued at $1,041,000 after buying an additional 1,506 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,543 shares during the period. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica 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.