Telefônica Brasil S.A. (NYSE:VIV) Given Average Recommendation of “Moderate Buy” by Analysts

Telefônica Brasil S.A. (NYSE:VIV) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.97.

A number of brokerages have recently issued reports on VIV. Scotiabank decreased their target price on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group decreased their target price on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a report on Thursday, December 19th. Barclays upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $11.80 to $11.50 in a report on Monday, March 3rd. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

Hedge Funds Weigh In On Telefônica Brasil

Institutional investors have recently made changes to their positions in the business. Stifel Financial Corp raised its position in shares of Telefônica Brasil by 41.1% in the 3rd quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock valued at $2,716,000 after purchasing an additional 77,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Telefônica Brasil by 49.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after purchasing an additional 385,207 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Telefônica Brasil in the 4th quarter valued at approximately $242,000. Robeco Institutional Asset Management B.V. raised its position in shares of Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after purchasing an additional 1,053,218 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Telefônica Brasil in the 3rd quarter valued at approximately $5,135,000. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Stock Down 0.2 %

VIV opened at $8.97 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The business has a 50-day moving average of $8.61 and a two-hundred day moving average of $8.89. Telefônica Brasil has a 12 month low of $7.47 and a 12 month high of $10.41.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.39 billion. On average, research analysts expect that Telefônica Brasil will post 0.6 earnings per share for the current year.

About Telefônica 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.