Brokerages Set Telefônica Brasil S.A. (NYSE:VIV) Target Price at $11.07

Shares of Telefônica Brasil S.A. (NYSE:VIV) have received a consensus rating of “Hold” from the four ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.07.

VIV has been the topic of several recent analyst reports. New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Scotiabank boosted their price target on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a report on Friday, September 20th. Finally, Barclays increased their price objective on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th.

Hedge Funds Weigh In On Telefônica Brasil

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP raised its stake in 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 buying an additional 275,569 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of 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 valued at $15,014,000 after acquiring an additional 197,500 shares during the period. Vanguard Group Inc. raised its position in shares of Telefônica Brasil by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock worth $12,311,000 after acquiring an additional 72,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Telefônica Brasil by 49.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after purchasing an additional 385,207 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Telefônica Brasil by 12.9% during the second 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 in the last quarter. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Trading Down 1.2 %

VIV opened at $8.15 on Monday. 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’s 50 day moving average price is $9.04 and its 200-day moving average price is $9.05. Telefônica Brasil has a one year low of $8.01 and a one year high of $11.43. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 0.78 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 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $0.18 EPS. On average, equities analysts forecast that Telefônica Brasil will post 0.63 EPS for the current 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.