Telefônica Brasil S.A. (NYSE:VIV) Receives $11.07 Average PT from Analysts

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

Several analysts have weighed in on the company. Scotiabank lifted their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. StockNews.com cut Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, Barclays raised their price objective on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $8.16 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a twelve month low of $8.01 and a twelve month high of $11.43. The stock has a market cap of $13.57 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 0.84 and a beta of 0.78. The firm’s fifty day simple moving average is $9.08 and its 200 day simple moving average is $9.05.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, research analysts predict that Telefônica Brasil will post 0.63 EPS for the current year.

Institutional Trading of Telefônica Brasil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in Telefônica Brasil in the third quarter worth $5,967,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Telefônica Brasil in the 3rd quarter worth about $5,135,000. Connor Clark & Lunn Investment Management Ltd. grew its position in 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 valued at $12,034,000 after purchasing an additional 385,207 shares during the last quarter. Brandes Investment Partners LP increased its stake in 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 purchasing an additional 275,569 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Telefônica Brasil by 96.8% during the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock valued at $4,466,000 after purchasing an additional 267,652 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.