Telefonica Brasil S.A. (NYSE:VIV) Given Average Rating of "Hold" by Brokerages

Key Points

• Brokerages have given Telefonica Brasil S.A. an average rating of "Hold," with one sell, four hold, and two buy recommendations.
• The stock's average 12-month price target among analysts is $12.70, while it opened at $12.28 on Friday.
• In its latest quarterly earnings report, Telefonica Brasil missed EPS estimates, reporting $0.15 compared to the expected $0.16.

Shares of Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.70.

Several research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Telefonica Brasil in a report on Wednesday, September 10th. They issued a "neutral" rating for the company. Zacks Research cut shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Barclays restated an "overweight" rating and issued a $13.00 target price (up previously from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Scotiabank upped their target price on shares of Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Telefonica Brasil in a report on Friday, August 8th.

Telefonica Brasil Trading Down 0.2%

NYSE VIV opened at $12.28 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. Telefonica Brasil has a 52 week low of $7.47 and a 52 week high of $12.92. The stock has a market capitalization of $19.98 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.81. The firm has a 50 day moving average of $12.12 and a two-hundred day moving average of $12.27.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $14.48 billion. As a group, research analysts expect that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefonica Brasil

Several hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its position in Telefonica Brasil by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock worth $136,151,000 after acquiring an additional 420,973 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Telefonica Brasil by 54.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,754,523 shares of the Wireless communications provider's stock worth $65,602,000 after buying an additional 2,036,349 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of Telefonica Brasil by 3.5% during the second quarter. Brandes Investment Partners LP now owns 3,480,597 shares of the Wireless communications provider's stock worth $39,679,000 after buying an additional 119,002 shares in the last quarter. Aberdeen Group plc grew its holdings in shares of Telefonica Brasil by 4.2% during the first quarter. Aberdeen Group plc now owns 2,844,839 shares of the Wireless communications provider's stock worth $24,807,000 after buying an additional 114,849 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Telefonica Brasil by 36.4% during the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock worth $12,605,000 after buying an additional 385,848 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.