Brokerages Set Telefônica Brasil S.A. (NYSE:VIV) PT at $9.97

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.97.

VIV has been the topic of a number of research analyst reports. Barclays upgraded Telefônica Brasil from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. Scotiabank reduced their price objective on Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 7th. New Street Research lowered shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a research note on Thursday, December 19th.

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Telefônica Brasil Trading Up 1.0 %

VIV traded up $0.09 during trading on Wednesday, reaching $8.72. 684,134 shares of the stock traded hands, compared to its average volume of 822,532. The stock's 50-day moving average is $8.67 and its 200 day moving average is $8.89. Telefônica Brasil has a 12 month low of $7.47 and a 12 month high of $10.41. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $14.40 billion, a PE ratio of 13.83, a P/E/G ratio of 0.84 and a beta of 0.76.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.39 billion. Equities analysts anticipate that Telefônica Brasil will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Telefônica Brasil

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Telefônica Brasil by 67.8% in the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider's stock worth $29,000 after buying an additional 1,543 shares in the last quarter. Allworth Financial LP increased its position in shares of Telefônica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock worth $31,000 after purchasing an additional 1,933 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Telefônica Brasil during the 4th quarter valued at $37,000. Parvin Asset Management LLC bought a new stake in shares of Telefônica Brasil during the 4th quarter worth $51,000. Finally, GeoWealth Management LLC grew its position in Telefônica Brasil by 1,429.4% in the fourth quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider's stock worth $64,000 after acquiring an additional 7,976 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors.

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.