Telefonica Brasil S.A. (NYSE:VIV) Receives Consensus Rating of "Moderate Buy" from Brokerages

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.23.

Several research analysts have recently commented on VIV shares. Barclays raised Telefonica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $23.60 to $23.00 in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their price target on Telefonica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wall Street Zen raised Telefonica Brasil from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Scotiabank dropped their target price on Telefonica Brasil from $20.80 to $18.40 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th.

Telefonica Brasil Price Performance

VIV opened at $11.01 on Friday. 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 business has a fifty day moving average of $10.05 and a 200 day moving average of $14.45. The stock has a market cap of $18.20 billion, a P/E ratio of 18.05, a PEG ratio of 1.21 and a beta of 0.72. Telefonica Brasil has a 52-week low of $7.47 and a 52-week high of $11.10.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The firm had revenue of $2.53 billion for 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 anticipate that Telefonica Brasil will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Telefonica Brasil

A number of hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Telefonica Brasil by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock valued at $136,151,000 after purchasing an additional 420,973 shares during the last quarter. Aberdeen Group plc increased its holdings in shares of Telefonica Brasil by 4.2% in the first quarter. Aberdeen Group plc now owns 2,844,839 shares of the Wireless communications provider's stock valued at $24,807,000 after purchasing an additional 114,849 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Telefonica Brasil by 4.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,571,650 shares of the Wireless communications provider's stock valued at $19,416,000 after purchasing an additional 114,266 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Telefonica Brasil by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider's stock valued at $15,690,000 after purchasing an additional 78,200 shares during the last quarter. Finally, Invesco Ltd. grew its position in Telefonica Brasil by 36.4% in the first 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 period. 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.

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.