Analysts Set Telefônica Brasil S.A. (NYSE:VIV) PT at $10.60

Telefônica Brasil S.A. (NYSE:VIV) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.47.

A number of research firms have recently issued reports on VIV. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays raised their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. StockNews.com downgraded shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th. Scotiabank raised their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Finally, The Goldman Sachs Group dropped their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research report on Thursday, December 19th.

Telefônica Brasil Stock Down 2.0 %

Shares of VIV stock opened at $7.50 on Friday. Telefônica Brasil has a 52-week low of $7.47 and a 52-week high of $11.43. 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 stock has a market cap of $12.48 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.78 and a beta of 0.78. The firm’s 50-day moving average is $8.51 and its 200-day moving average is $8.98.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same quarter in the prior year, the company earned $0.18 earnings per share. Sell-side analysts predict that Telefônica Brasil will post 0.63 EPS for the current year.

Hedge Funds Weigh In On Telefônica Brasil

A number of hedge funds have recently bought and sold shares of the company. Brandes Investment Partners LP lifted its position in shares of Telefônica Brasil by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock valued at $18,261,000 after buying an additional 275,569 shares during the last quarter. Renaissance Technologies LLC grew its stake in Telefônica Brasil by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider’s stock worth $15,014,000 after buying an additional 197,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Telefônica Brasil by 49.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after acquiring an additional 385,207 shares during the last quarter. Sei Investments Co. increased its position in shares of Telefônica Brasil by 12.9% during the 2nd quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock valued at $5,830,000 after purchasing an additional 81,229 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Telefônica Brasil during the third quarter worth approximately $5,967,000. 5.16% of the stock is owned by hedge funds and other institutional investors.

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.