Telefonica Brasil (NYSE:VIV) Price Target Raised to $12.50

Telefonica Brasil (NYSE:VIV - Get Free Report) had its target price upped by research analysts at Barclays from $11.50 to $12.50 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the Wireless communications provider's stock. Barclays's price objective points to a potential upside of 10.23% from the company's current price.

A number of other brokerages have also commented on VIV. The Goldman Sachs Group increased their price objective on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded Telefonica Brasil from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Telefonica Brasil currently has a consensus rating of "Hold" and a consensus target price of $13.73.

Telefonica Brasil Stock Down 1.6%

NYSE VIV opened at $11.34 on Monday. The firm has a market cap of $18.74 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 0.89 and a beta of 0.75. Telefonica Brasil has a one year low of $7.47 and a one year high of $11.96. The stock's 50 day simple moving average is $10.52 and its 200 day simple moving average is $14.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $14.41 billion. Telefonica Brasil had a net margin of 10.07% and a return on equity of 8.09%. As a group, sell-side analysts forecast that Telefonica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. raised its stake in shares of Telefonica Brasil by 39.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 1,067 shares during the period. Rhumbline Advisers raised its stake in shares of Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 3,266 shares during the period. SVB Wealth LLC acquired a new stake in shares of Telefonica Brasil in the 1st quarter valued at about $41,000. Parvin Asset Management LLC acquired a new stake in shares of Telefonica Brasil in the 4th quarter valued at about $51,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Telefonica Brasil in the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 5.16% of the company's stock.

About Telefonica Brasil

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.

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