Analysts Set Telefonica Brasil S.A. (NYSE:VIV) Price Target at $11.93

Key Points

• Brokerages have given Telefonica Brasil S.A. an average recommendation of "Hold", with one sell, two hold, and two buy ratings among the five analysts covering the stock.
• The price targets from various analysts range significantly, with Goldman Sachs raising their target from $9.20 to $10.30, while Barclays set a target of $13.00.
• Telefonica Brasil's recent earnings report showed a missed consensus estimate of earnings per share at $0.15, while revenue was below expectations at $2.62 billion.

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.9333.

Several research firms have recently weighed in on VIV. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Telefonica Brasil in a research report on Friday. Wall Street Zen downgraded Telefonica Brasil from a "buy" rating to a "hold" rating in a report on Sunday. Scotiabank increased their price target on Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. The Goldman Sachs Group raised their price objective on shares of Telefonica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Barclays reiterated an "overweight" rating and set a $13.00 target price (up previously from $12.50) on shares of Telefonica Brasil in a research report on Thursday, August 7th.

Telefonica Brasil Trading Up 0.0%

Telefonica Brasil stock traded up $0.01 during mid-day trading on Friday, hitting $12.23. 343,238 shares of the stock were exchanged, compared to its average volume of 1,339,825. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.81 and a beta of 0.71. Telefonica Brasil has a 12 month low of $7.47 and a 12 month high of $12.39. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. The firm's fifty day simple moving average is $11.15 and its two-hundred day simple moving average is $13.42.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Telefonica Brasil had a return on equity of 8.26% and a net margin of 10.13%. Analysts forecast that Telefonica Brasil will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Telefonica Brasil

A number of hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its position in shares of Telefonica Brasil by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock worth $33,000 after purchasing an additional 1,067 shares during the period. Rhumbline Advisers raised its holdings in Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 3,266 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Telefonica Brasil in the first quarter valued at $41,000. Parvin Asset Management LLC bought a new position in shares of Telefonica Brasil in the fourth quarter valued at $51,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Telefonica Brasil during the first quarter valued at about $52,000. Institutional investors and hedge funds own 5.16% of the company's stock.

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.