Telefônica Brasil (NYSE:VIV - Free Report) had its price objective trimmed by The Goldman Sachs Group from $10.60 to $9.20 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the Wireless communications provider's stock.
VIV has been the subject of several other reports. Scotiabank raised their price target on Telefônica Brasil from $9.20 to $10.40 and gave the stock a "sector perform" rating in a research report on Friday, September 20th. StockNews.com downgraded Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a research report on Thursday, December 12th. New Street Research lowered shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Finally, Barclays raised their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an "equal weight" rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Telefônica Brasil currently has an average rating of "Moderate Buy" and an average target price of $10.60.
Check Out Our Latest Research Report on VIV
Telefônica Brasil Trading Up 3.1 %
Shares of NYSE:VIV traded up $0.24 during midday trading on Thursday, reaching $7.94. 2,450,319 shares of the company's stock were exchanged, compared to its average volume of 830,954. The firm's 50 day simple moving average is $8.93 and its two-hundred day simple moving average is $9.04. Telefônica Brasil has a fifty-two week low of $7.66 and a fifty-two week high of $11.43. 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 cap of $13.21 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.78 and a beta of 0.78.
Telefônica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) 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 the consensus estimate of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period in the previous year, the firm earned $0.18 EPS. As a group, sell-side analysts forecast that Telefônica Brasil will post 0.63 EPS for the current fiscal year.
Institutional Trading of Telefônica Brasil
A number of large investors have recently made changes to their positions in VIV. Blue Trust Inc. boosted its position in shares of Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 3,104 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Telefônica Brasil by 25.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 230,212 shares of the Wireless communications provider's stock valued at $1,890,000 after purchasing an additional 46,000 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Telefônica Brasil during the second quarter worth approximately $702,000. Waterfront Wealth Inc. lifted its position in shares of Telefônica Brasil by 134.6% during the 2nd quarter. Waterfront Wealth Inc. now owns 203,837 shares of the Wireless communications provider's stock worth $1,674,000 after buying an additional 116,957 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Telefônica Brasil by 12.0% in the 2nd quarter. Natixis Advisors LLC now owns 83,483 shares of the Wireless communications provider's stock valued at $685,000 after buying an additional 8,943 shares in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.
About Telefônica Brasil
(
Get Free Report)
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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