Telefonica Brasil (NYSE:VIV) Cut to "Hold" at Wall Street Zen

Telefonica Brasil (NYSE:VIV - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently issued reports on the stock. Bank of America raised shares of Telefonica Brasil from an "underperform" rating to a "neutral" rating in a research report on Tuesday, October 13th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Telefonica Brasil in a report on Friday, October 2nd. Barclays set a $14.00 target price on shares of Telefonica Brasil and gave the stock an "equal weight" rating in a research note on Thursday, October 29th. Finally, Morgan Stanley set a $14.00 price target on Telefonica Brasil in a report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Telefonica Brasil currently has a consensus rating of "Reduce" and a consensus price target of $14.26.

Telefonica Brasil Price Performance

VIV stock opened at $12.03 on Friday. The company has a market capitalization of $19.56 billion, a P/E ratio of 13.84, a PEG ratio of 0.70 and a beta of 0.53. Telefonica Brasil has a twelve month low of $10.70 and a twelve month high of $17.25. The business has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $13.67. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its earnings results on Tuesday, November 10th. The Wireless communications provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. Telefonica Brasil had a net margin of 11.40% and a return on equity of 10.66%. The business had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.10 billion. As a group, equities analysts anticipate that Telefonica Brasil will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Telefonica Brasil

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake in Telefonica Brasil by 31.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,252 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 779 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Telefonica Brasil by 51.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,971 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 1,699 shares during the period. Allworth Financial LP lifted its stake in shares of Telefonica Brasil by 74.6% in the 2nd quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider's stock worth $60,000 after acquiring an additional 1,943 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Telefonica Brasil in the third quarter valued at about $64,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Telefonica Brasil by 13,946.9% in the third quarter. Russell Investments Group Ltd. now owns 6,883 shares of the Wireless communications provider's stock valued at $79,000 after acquiring an additional 6,834 shares in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil S.A. is a Brazilian telecommunications company that provides services under the Vivo brand. It is part of the Spanish Telefónica Group and serves consumers, businesses and public-sector customers across Brazil. Its offerings include mobile voice and data, fixed-line telephone service, broadband internet—including fiber connectivity—and pay television. The company also provides connectivity and digital services for business customers. Telefônica Brasil traces its origins to the 1998 privatization of Brazil's telecommunications sector, when Telefónica acquired Telesp, the former state-controlled telephone operator in São Paulo.

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