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

Key Points

• Telefonica Brasil S.A. has received a consensus rating of "Hold" from eight brokerages, with one analyst rating it as a sell, four as hold, and three as buy.
• The company's average 12-month price target from brokers is $12.5250, reflecting a mix of adjustments by various analysts, including upgrades and downgrades.
• Shares of Telefonica Brasil opened at $12.21, and the company reported earnings of $0.15 EPS last quarter, missing the consensus estimate.

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.5250.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. restated an "underweight" rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Weiss Ratings upgraded shares of Telefonica Brasil from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Barclays restated an "overweight" rating and issued a $13.00 target price (up previously from $12.50) on shares of Telefonica Brasil in a research note on Thursday, August 7th. Zacks Research downgraded shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a research note on Tuesday, August 19th.

Institutional Investors Weigh In On Telefonica Brasil

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in Telefonica Brasil by 54.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,754,523 shares of the Wireless communications provider's stock worth $65,602,000 after acquiring an additional 2,036,349 shares during the last quarter. Strs Ohio bought a new stake in Telefonica Brasil during the 1st quarter worth about $7,147,000. Ramirez Asset Management Inc. bought a new stake in Telefonica Brasil during the 2nd quarter worth about $4,866,000. Robeco Institutional Asset Management B.V. grew its holdings in Telefonica Brasil by 2.8% during the 1st 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. Finally, Invesco Ltd. grew its holdings in Telefonica Brasil by 36.4% during the 1st quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock worth $12,605,000 after acquiring an additional 385,848 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company's stock.

Telefonica Brasil Trading Down 0.1%

Shares of Telefonica Brasil stock opened at $12.21 on Wednesday. The firm has a market capitalization of $19.85 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.95. The company's fifty day moving average price is $12.37 and its two-hundred day moving average price is $11.60. Telefonica Brasil has a 52-week low of $7.47 and a 52-week high of $12.92.

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

Telefonica Brasil Company Profile

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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