The Goldman Sachs Group Boosts Telefonica Brasil (NYSE:VIV) Price Target to $12.60

Key Points

• The Goldman Sachs Group raised its price target for Telefonica Brasil from $11.40 to $12.60, indicating a potential upside of 2.65% from its previous close.
• Recent analyst ratings show mixed opinions on the stock, with two analysts giving a "buy" rating, while others rated it as "hold" or "underweight."
• Telefonica Brasil's stock is currently trading at approximately $12.27 after a 1.7% decline, despite analyst predictions suggesting an EPS of 0.6 for the current year.

Telefonica Brasil (NYSE:VIV - Get Free Report) had its price target upped by equities research analysts at The Goldman Sachs Group from $11.40 to $12.60 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the Wireless communications provider's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 2.65% from the stock's previous close.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Wall Street Zen cut Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Scotiabank increased their price target on 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, Barclays reiterated an "overweight" rating and set a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.70.

Telefonica Brasil Stock Down 1.7%

Telefonica Brasil stock traded down $0.2150 during midday trading on Tuesday, hitting $12.2750. The stock had a trading volume of 578,323 shares, compared to its average volume of 1,320,619. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a market cap of $19.97 billion, a P/E ratio of 19.78, a P/E/G ratio of 0.84 and a beta of 0.71. Telefonica Brasil has a 12 month low of $7.47 and a 12 month high of $12.52. The business has a fifty day moving average price of $11.35 and a 200 day moving average price of $13.24.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm 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%. Research analysts predict that Telefonica Brasil will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Telefonica Brasil

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its stake in shares of Telefonica Brasil by 39.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock worth $33,000 after acquiring an additional 1,067 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Telefonica Brasil during the 1st quarter worth $41,000. Parvin Asset Management LLC bought a new stake in shares of Telefonica Brasil during the 4th quarter worth $51,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Telefonica Brasil during the 1st quarter worth $52,000. 5.16% of the stock is owned by institutional investors.

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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