Telefonica Brasil S.A. (NYSE:VIV) Receives $12.90 Consensus Price Target from Analysts

Telefonica Brasil S.A. (NYSE:VIV) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.90.

A number of equities analysts have recently issued reports on the company. Scotiabank raised their price objective on Telefonica Brasil from $8.80 to $12.50 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Citigroup initiated coverage on shares of Telefonica Brasil in a research report on Wednesday, September 10th. They set a “neutral” rating for the company. Morgan Stanley set a $12.00 price target on shares of Telefonica Brasil in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a “buy” rating in a research report on Tuesday, August 19th.

Telefonica Brasil Stock Performance

Shares of Telefonica Brasil stock opened at $13.04 on Friday. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 0.87 and a beta of 0.76. Telefonica Brasil has a twelve month low of $7.47 and a twelve month high of $13.31. The company’s fifty day moving average is $12.47 and its 200 day moving average is $11.61. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Thursday, October 30th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $15.01 billion. Sell-side analysts forecast that Telefonica Brasil will post 0.6 EPS for the current year.

Institutional Trading of Telefonica Brasil

Large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in Telefonica Brasil by 3.7% during the third quarter. Signaturefd LLC now owns 24,891 shares of the Wireless communications provider’s stock worth $317,000 after acquiring an additional 886 shares during the period. US Bancorp DE increased its position in shares of Telefonica Brasil by 2.1% during the 3rd quarter. US Bancorp DE now owns 47,245 shares of the Wireless communications provider’s stock valued at $602,000 after purchasing an additional 980 shares during the last quarter. Sei Investments Co. increased its position in shares of Telefonica Brasil by 6.2% during the 3rd quarter. Sei Investments Co. now owns 17,494 shares of the Wireless communications provider’s stock valued at $223,000 after purchasing an additional 1,019 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Telefonica Brasil by 39.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 1,067 shares during the period. Finally, Modern Wealth Management LLC boosted its holdings in shares of Telefonica Brasil by 1.7% in the 3rd quarter. Modern Wealth Management LLC now owns 65,512 shares of the Wireless communications provider’s stock worth $835,000 after buying an additional 1,075 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica 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.