Telefonica Brasil (NYSE:VIV) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also recently commented on VIV. Barclays set a $13.00 target price on shares of Telefonica Brasil and gave the company a “buy” rating in a research report on Saturday, September 22nd. Scotiabank set a $15.00 target price on shares of Telefonica Brasil and gave the company a “buy” rating in a research report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.70.

Shares of NYSE VIV traded up $0.15 during mid-day trading on Thursday, reaching $12.00. The company’s stock had a trading volume of 1,934,132 shares, compared to its average volume of 1,657,882. The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. Telefonica Brasil has a 1-year low of $9.21 and a 1-year high of $17.33.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Friday, October 26th. The Wireless communications provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.28. The business had revenue of $2.73 billion during the quarter. Telefonica Brasil had a net margin of 19.97% and a return on equity of 10.24%. As a group, equities research analysts expect that Telefonica Brasil will post 1.11 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of VIV. Artisan Partners Limited Partnership raised its position in shares of Telefonica Brasil by 16.7% in the second quarter. Artisan Partners Limited Partnership now owns 92,417,978 shares of the Wireless communications provider’s stock valued at $1,097,001,000 after buying an additional 13,247,352 shares during the last quarter. Acadian Asset Management LLC increased its position in Telefonica Brasil by 623.9% during the third quarter. Acadian Asset Management LLC now owns 1,583,320 shares of the Wireless communications provider’s stock worth $15,406,000 after purchasing an additional 1,364,595 shares during the last quarter. Renaissance Technologies LLC increased its position in Telefonica Brasil by 1,198.2% during the third quarter. Renaissance Technologies LLC now owns 1,441,653 shares of the Wireless communications provider’s stock worth $14,027,000 after purchasing an additional 1,330,600 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in Telefonica Brasil during the second quarter worth about $9,162,000. Finally, Morgan Stanley increased its position in Telefonica Brasil by 131.2% during the third quarter. Morgan Stanley now owns 1,188,735 shares of the Wireless communications provider’s stock worth $11,566,000 after purchasing an additional 674,640 shares during the last quarter. Institutional investors and hedge funds own 10.39% of the company’s stock.

Telefonica Brasil Company Profile

TelefĂ´nica Brasil SA provides mobile and fixed line 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 and 4G, as well as mobile value-added services and wireless roaming services.

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Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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