Telefonica Brasil SA (NYSE:VIV) Receives Consensus Recommendation of “Hold” from Analysts

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Telefonica Brasil SA (NYSE:VIV) has been given an average rating of “Hold” by the fourteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $26.36.

A number of equities research analysts have issued reports on VIV shares. Standpoint Research lowered shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. ValuEngine lowered shares of Telefonica Brasil from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Jefferies Financial Group reissued a “neutral” rating and set a $25.00 target price on shares of Telefonica Brasil in a research note on Thursday, October 17th. Credit Suisse Group reissued a “buy” rating and set a $30.10 target price on shares of Telefonica Brasil in a research note on Friday, October 18th. Finally, Barclays reissued a “buy” rating and set a $28.00 target price on shares of Telefonica Brasil in a research note on Friday, October 18th.

Hedge funds have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors LLC acquired a new stake in shares of Telefonica Brasil in the 3rd quarter valued at $34,000. Assetmark Inc. acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at $99,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at $117,000. Quantamental Technologies LLC acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at $125,000. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at $138,000. 9.22% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:VIV opened at $13.34 on Wednesday. The firm has a fifty day moving average of $13.05 and a two-hundred day moving average of $12.76. The firm has a market capitalization of $22.34 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 1.50 and a beta of 0.69. Telefonica Brasil has a 12-month low of $9.98 and a 12-month high of $14.47. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, July 30th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.84 billion. Telefonica Brasil had a net margin of 16.91% and a return on equity of 10.26%. Equities research analysts expect that Telefonica Brasil will post 0.88 earnings per share for the current fiscal year.

About Telefonica Brasil

TelefĂ´nica Brasil SA provides mobile and fixed 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, 4G, and 4.5G, as well as mobile value-added services and wireless roaming services.

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Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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