Telefonica Brasil (VIV) Given a $16.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $16.00 target price on Telefonica Brasil (NYSE:VIV) in a report published on Friday. The brokerage currently has a hold rating on the Wireless communications provider’s stock.

VIV has been the topic of a number of other reports. Credit Suisse Group lowered shares of Telefonica Brasil from an outperform rating to a neutral rating in a research note on Friday, January 19th. Zacks Investment Research lowered shares of Telefonica Brasil from a buy rating to a hold rating and set a $18.00 price target on the stock. in a research note on Sunday, January 21st. Santander lowered shares of Telefonica Brasil from a buy rating to a hold rating in a research note on Thursday, December 21st. Finally, Barclays raised their price target on shares of Telefonica Brasil from $17.50 to $18.00 and gave the company an overweight rating in a research note on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $16.75.

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Telefonica Brasil (NYSE:VIV) opened at $15.04 on Friday. The firm has a market cap of $24,857.58, a PE ratio of 17.49, a P/E/G ratio of 1.08 and a beta of 1.39. Telefonica Brasil has a 12 month low of $13.06 and a 12 month high of $17.33. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.08.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Wednesday, February 21st. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $3.40 billion for the quarter. Telefonica Brasil had a net margin of 10.65% and a return on equity of 6.60%. equities analysts anticipate that Telefonica Brasil will post 1.08 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in Telefonica Brasil by 48.6% in the 4th quarter. Advisor Group Inc. now owns 10,353 shares of the Wireless communications provider’s stock worth $153,000 after purchasing an additional 3,387 shares in the last quarter. Virtu Financial LLC purchased a new position in Telefonica Brasil in the 3rd quarter worth approximately $165,000. Dynamic Technology Lab Private Ltd purchased a new position in Telefonica Brasil in the 3rd quarter worth approximately $181,000. Creative Planning purchased a new position in Telefonica Brasil in the 4th quarter worth approximately $178,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Telefonica Brasil in the 3rd quarter worth approximately $262,000. 9.60% of the stock is currently owned by institutional investors and hedge funds.

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Telefonica Brasil Company Profile

TelefĂ´nica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers 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 and 4G, as well as mobile value-added services and wireless roaming services.

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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