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

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.

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

Several equities analysts have issued reports on VIV shares. Barclays restated an "overweight" rating and issued a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a research report on Thursday. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica Brasil in a research report on Friday. The Goldman Sachs Group increased 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. Scotiabank increased their price objective on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen cut shares of Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Sunday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VIV. SBI Securities Co. Ltd. lifted its stake in shares of Telefonica Brasil by 39.3% in the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock valued at $33,000 after buying an additional 1,067 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Telefonica Brasil by 337.7% during the first 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 in the last quarter. SVB Wealth LLC bought a new position in shares of Telefonica Brasil during the first quarter valued at about $41,000. Parvin Asset Management LLC bought a new position in shares of Telefonica Brasil during the fourth quarter valued at about $51,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Telefonica Brasil during the first quarter valued at about $52,000. 5.16% of the stock is owned by institutional investors.

Telefonica Brasil Price Performance

Shares of Telefonica Brasil stock traded down $0.05 on Friday, reaching $12.09. 1,659,636 shares of the stock were exchanged, compared to its average volume of 1,152,431. The firm's 50 day moving average is $11.11 and its 200-day moving average is $13.48. Telefonica Brasil has a one year low of $7.47 and a one year high of $12.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a market cap of $19.67 billion, a PE ratio of 19.50, a P/E/G ratio of 0.81 and a beta of 0.71.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its quarterly 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). Telefonica Brasil had a return on equity of 8.26% and a net margin of 10.13%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. As a group, analysts anticipate that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

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.