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

Telefônica Brasil S.A. (NYSE:VIV) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.47.

Several research firms have issued reports on VIV. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. Barclays boosted their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday, November 25th. 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, New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th.

Institutional Investors Weigh In On Telefônica Brasil

A number of hedge funds and other institutional investors have recently made changes to their positions in VIV. Robeco Institutional Asset Management B.V. increased its holdings in Telefônica Brasil by 7.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after buying an additional 1,053,218 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Telefônica Brasil in the third quarter worth approximately $5,967,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Telefônica Brasil in the third quarter worth approximately $5,135,000. Millennium Management LLC increased its stake in shares of Telefônica Brasil by 283.2% during the 4th quarter. Millennium Management LLC now owns 592,234 shares of the Wireless communications provider’s stock worth $4,471,000 after purchasing an additional 437,678 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Telefônica Brasil by 151.9% during the 4th quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider’s stock valued at $5,185,000 after purchasing an additional 414,193 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefônica Brasil Stock Down 0.6 %

Shares of Telefônica Brasil stock opened at $9.10 on Friday. Telefônica Brasil has a 12-month low of $7.47 and a 12-month high of $11.43. The firm has a market capitalization of $15.03 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.84 and a beta of 0.79. 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’s fifty day moving average is $8.35 and its 200-day moving average is $8.99.

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.