Telefonica Brasil’s (VIV) Hold Rating Reaffirmed at Royal Bank Of Canada

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.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Telefonica Brasil by 178.1% during the second quarter. PNC Financial Services Group Inc. now owns 7,641 shares of the Wireless communications provider’s stock worth $103,000 after purchasing an additional 4,893 shares during the period. Virtu Financial LLC acquired a new stake in shares of Telefonica Brasil during the third quarter worth about $165,000. River Road Asset Management LLC acquired a new stake in shares of Telefonica Brasil during the third quarter worth about $173,000. Trexquant Investment LP acquired a new stake in shares of Telefonica Brasil during the second quarter worth about $175,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Telefonica Brasil during the third quarter worth about $181,000. 9.88% of the stock is currently owned by institutional investors.

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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