Brokerages Set Telefônica Brasil S.A. (NYSE:VIV) Target Price at $10.47

Shares of Telefônica Brasil S.A. (NYSE:VIV) have received a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.47.

VIV has been the topic of a number of recent research reports. Barclays lifted their target price on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group reduced their price target 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. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Hedge Funds Weigh In On Telefônica Brasil

A number of hedge funds have recently modified their holdings of VIV. Robeco Institutional Asset Management B.V. raised its stake in shares of Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after acquiring an additional 1,053,218 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Telefônica Brasil during the 3rd quarter worth $5,967,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Telefônica Brasil in the 3rd quarter worth $5,135,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Telefônica Brasil by 49.0% during 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 period. Finally, Brandes Investment Partners LP increased its stake in shares of Telefônica Brasil by 14.3% in the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after purchasing an additional 275,569 shares during the period. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Trading Up 0.7 %

Shares of VIV stock opened at $8.75 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $8.16 and a 200 day simple moving average of $8.95. Telefônica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $11.43. The stock has a market capitalization of $14.45 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.79 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same quarter in the previous year, the company posted $0.18 EPS. On average, sell-side analysts expect that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

About Telefônica Brasil

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.