Telefônica Brasil S.A. (NYSE:VIV) Given Consensus Recommendation of "Hold" by Analysts

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) has been assigned a consensus rating of "Hold" from the five brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.60.

Several research analysts have commented on the stock. StockNews.com downgraded shares of Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a research report on Thursday, December 12th. Scotiabank boosted their price target on Telefônica Brasil from $9.20 to $10.40 and gave the stock a "sector perform" rating in a report on Friday, September 20th. New Street Research lowered Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. The Goldman Sachs Group lowered their target price on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, Barclays raised their price target 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.

Telefônica Brasil Price Performance

NYSE VIV traded down $0.15 during midday trading on Friday, hitting $7.50. The company had a trading volume of 751,468 shares, compared to its average volume of 797,634. The company has a market capitalization of $12.48 billion, a PE ratio of 11.90, a P/E/G ratio of 0.78 and a beta of 0.78. Telefônica Brasil has a twelve month low of $7.47 and a twelve month high of $11.43. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $8.54 and a 200-day moving average price of $8.98.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.03. The firm 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 prior year, the company posted $0.18 earnings per share. As a group, analysts anticipate that Telefônica Brasil will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VIV. Stifel Financial Corp boosted its position in Telefônica Brasil by 41.1% during the 3rd quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider's stock worth $2,716,000 after buying an additional 77,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Telefônica Brasil by 49.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider's stock worth $12,034,000 after purchasing an additional 385,207 shares during the period. Acadian Asset Management LLC grew its stake in shares of Telefônica Brasil by 308.7% in the second quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider's stock worth $2,166,000 after purchasing an additional 199,546 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Telefônica Brasil in the second quarter valued at $842,000. Finally, Brandes Investment Partners LP raised its position in Telefônica Brasil by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider's stock worth $18,261,000 after purchasing an additional 275,569 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company's stock.

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.