Telefônica Brasil S.A. (NYSE:VIV) Given Consensus Rating of “Hold” by Brokerages

Shares of Telefônica Brasil S.A. (NYSE:VIV) have earned an average recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $10.47.

Several research firms recently commented on VIV. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group lowered their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Barclays increased their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th.

Hedge Funds Weigh In On Telefônica Brasil

Hedge funds and other institutional investors have recently made changes to their positions in the company. Waterfront Wealth Inc. lifted its position in Telefônica Brasil by 1.1% during the fourth quarter. Waterfront Wealth Inc. now owns 212,575 shares of the Wireless communications provider’s stock worth $1,605,000 after buying an additional 2,362 shares in the last quarter. Truist Financial Corp purchased a new position in Telefônica Brasil during the fourth quarter worth approximately $242,000. Allworth Financial LP lifted its position in Telefônica Brasil by 86.4% during the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 1,933 shares in the last quarter. V Square Quantitative Management LLC lifted its position in Telefônica Brasil by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 69,423 shares of the Wireless communications provider’s stock worth $522,000 after buying an additional 19,045 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Telefônica Brasil by 4.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 225,212 shares of the Wireless communications provider’s stock worth $1,700,000 after buying an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Up 0.5 %

Shares of VIV stock opened at $8.88 on Tuesday. The stock’s 50-day simple moving average is $8.16 and its 200-day simple moving average is $8.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The firm has a market capitalization of $14.67 billion, a PE ratio of 14.09, a P/E/G ratio of 0.82 and a beta of 0.78. Telefônica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same period in the prior year, the company earned $0.18 earnings per share. Equities analysts expect that Telefônica Brasil will post 0.6 earnings per share for the current year.

Telefônica 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.