Telefonica Brasil S.A. (NYSE:VIV)‘s stock had its “hold” rating reaffirmed by Royal Bank Of Canada in a report released on Thursday, November 2nd. They presently have a $15.60 target price on the Wireless communications provider’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 2.56% from the company’s previous close.
Other research analysts have also issued reports about the company. Morgan Stanley restated an “equal weight” rating and issued a $15.00 target price on shares of Telefonica Brasil in a research note on Monday, August 14th. Zacks Investment Research upgraded Telefonica Brasil from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. Barclays PLC increased their target price on Telefonica Brasil from $17.00 to $17.50 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, BidaskClub upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.03.
Shares of Telefonica Brasil (NYSE VIV) traded down $0.09 during mid-day trading on Thursday, hitting $15.21. The stock had a trading volume of 983,386 shares, compared to its average volume of 1,370,737. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $23,990.00, a price-to-earnings ratio of 18.89, a PEG ratio of 1.44 and a beta of 1.38. Telefonica Brasil has a one year low of $11.95 and a one year high of $16.85.
About Telefonica Brasil
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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