Telefônica Brasil S.A. (NYSE:VIV) Receives $9.97 Consensus Target Price from Analysts

Telefônica Brasil S.A. (NYSE:VIV) has been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.97.

A number of research analysts have weighed in on VIV shares. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. Scotiabank decreased their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group decreased 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. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th.

Telefônica Brasil Trading Up 1.0 %

VIV stock opened at $8.72 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 12-month low of $7.47 and a 12-month high of $10.41. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.84 and a beta of 0.76. The business’s 50-day moving average is $8.67 and its 200 day moving average is $8.88.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data 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 company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. On average, sell-side analysts anticipate that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefônica Brasil

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,543 shares during the period. Allworth Financial LP raised its position in shares of Telefônica Brasil by 86.4% during the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 1,933 shares during the period. R Squared Ltd purchased a new stake in Telefônica Brasil in the fourth quarter valued at approximately $37,000. Parvin Asset Management LLC purchased a new stake in Telefônica Brasil in the fourth quarter valued at approximately $51,000. Finally, GeoWealth Management LLC raised 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 valued at $64,000 after purchasing an additional 7,976 shares during the period. Hedge funds and other institutional investors 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.