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

Shares of Telefonica Brasil S.A. (NYSE:VIV) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.12.

Several equities research analysts recently commented on the company. Bank of America assumed coverage on Telefonica Brasil in a report on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price target for the company. Weiss Ratings upgraded shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Zacks Research raised shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Barclays restated an “overweight” rating and issued a $14.50 price target on shares of Telefonica Brasil in a report on Monday, November 3rd.

Telefonica Brasil Stock Up 2.1%

VIV stock opened at $16.92 on Tuesday. The firm has a market cap of $27.52 billion, a PE ratio of 24.16, a P/E/G ratio of 0.78 and a beta of 0.71. Telefonica Brasil has a one year low of $8.09 and a one year high of $16.95. The firm’s fifty day moving average is $13.79 and its 200 day moving average is $12.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.00.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Monday, February 23rd. The Wireless communications provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.88 billion. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%. On average, research analysts forecast that Telefonica Brasil will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Arax Advisory Partners boosted its holdings in shares of Telefonica Brasil by 54.4% in the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 1,330 shares during the last quarter. Rhumbline Advisers raised its position 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 purchasing an additional 3,266 shares in the last quarter. Westfuller Advisors LLC bought a new stake in shares of Telefonica Brasil in the 3rd quarter worth about $59,000. EverSource Wealth Advisors LLC lifted 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 buying an additional 3,248 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Telefonica Brasil by 45.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 1,619 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Company Profile

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.