Telefonica Brasil (VIV) Raised to Hold at ValuEngine
Separately, Barclays lifted their target price on shares of Telefonica Brasil from $13.50 to $14.00 and gave the company a buy rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $13.88.
VIV stock opened at $12.92 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.13. Telefonica Brasil has a twelve month low of $9.21 and a twelve month high of $13.60. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 9.29 and a beta of 0.70.
Several institutional investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group grew its position in Telefonica Brasil by 49.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,720 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 894 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in Telefonica Brasil in the 1st quarter valued at $363,000. Morgan Stanley grew its position in Telefonica Brasil by 25.6% in the 1st quarter. Morgan Stanley now owns 1,387,351 shares of the Wireless communications provider’s stock valued at $16,745,000 after buying an additional 282,547 shares during the last quarter. Cresset Asset Management LLC purchased a new position in Telefonica Brasil in the 1st quarter valued at $92,000. Finally, Blueshift Asset Management LLC purchased a new position in Telefonica Brasil in the 1st quarter valued at $775,000. 9.65% of the stock is currently owned by institutional investors and hedge funds.
About Telefonica Brasil
Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.
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