Telefonica Brasil S.A. (NYSE:VIV) Stock Has Consensus Target Price of $14.26 According to Analysts

Key Points

• Analysts remain cautious on Telefonica Brasil: Nine firms assign the stock a consensus “Reduce” rating, with two sells, six holds, and one buy.
• The average 12-month price target is $14.26, above the reported share price of $11.28; Barclays and Morgan Stanley each set $14.00 targets, while Bank of America upgraded the stock to “neutral.”
• Telefonica Brasil trades near the lower end of its 12-month range of $10.70 to $17.25, with a market capitalization of $18.35 billion; institutional investors own 5.16% of the shares.

Shares of Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) have been assigned an average rating of "Reduce" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.26.

VIV has been the subject of several recent research reports. Bank of America raised Telefonica Brasil from an "underperform" rating to a "neutral" rating in a research note on Tuesday, October 13th. Barclays set a $14.00 target price on shares of Telefonica Brasil and gave the stock an "equal weight" rating in a research report on Thursday. Weiss Ratings reissued a "hold (c+)" rating on shares of Telefonica Brasil in a report on Friday, October 2nd. Finally, Morgan Stanley set a $14.00 price target on shares of Telefonica Brasil in a research report on Thursday, August 20th.

Telefonica Brasil Price Performance

Telefonica Brasil stock opened at $11.28 on Friday. The stock has a 50-day moving average price of $11.92 and a two-hundred day moving average price of $13.75. Telefonica Brasil has a 12 month low of $10.70 and a 12 month high of $17.25. The company has a market capitalization of $18.35 billion, a PE ratio of 14.46, a P/E/G ratio of 0.66 and a beta of 0.52. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VIV. Tidal Investments LLC increased its holdings in Telefonica Brasil by 54.5% in the second quarter. Tidal Investments LLC now owns 477,011 shares of the Wireless communications provider's stock worth $6,277,000 after purchasing an additional 168,185 shares in the last quarter. Royal Bank of Canada lifted its stake in Telefonica Brasil by 0.5% in the first quarter. Royal Bank of Canada now owns 392,178 shares of the Wireless communications provider's stock valued at $6,240,000 after buying an additional 2,019 shares during the period. Opal Capital LLC bought a new position in shares of Telefonica Brasil during the 1st quarter worth approximately $4,255,000. Lesa Sroufe & Co boosted its holdings in shares of Telefonica Brasil by 2.3% during the 1st quarter. Lesa Sroufe & Co now owns 229,279 shares of the Wireless communications provider's stock worth $3,648,000 after buying an additional 5,046 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Telefonica Brasil by 17.2% during the 1st quarter. Hsbc Holdings PLC now owns 222,817 shares of the Wireless communications provider's stock worth $3,543,000 after buying an additional 32,649 shares in the last quarter. 5.16% of the stock is owned by institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA, operating under the Vivo brand, is one of Brazil's major telecommunications companies. The company provides mobile voice and data services, fixed-line telecommunications, broadband internet, and other connectivity solutions to consumers, businesses, and public-sector customers.

Its offerings include mobile communication plans, 4G and 5G services, fiber-optic broadband, fixed voice services, television and digital entertainment options, and business technology solutions.

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