Analysts Set Telefônica Brasil S.A. (NYSE:VIV) PT at $11.07

Shares of Telefônica Brasil S.A. (NYSE:VIV) have been given an average rating of “Hold” by the four analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.07.

Several analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Barclays boosted their target price on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th.

Telefônica Brasil Price Performance

NYSE:VIV opened at $8.16 on Monday. Telefônica Brasil has a 52-week low of $8.01 and a 52-week high of $11.43. The stock has a fifty day moving average of $9.08 and a 200 day moving average of $9.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 0.84 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, research analysts expect that Telefônica Brasil will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefônica Brasil

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 3,104 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of Telefônica Brasil during the second quarter worth about $83,000. Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil in the third quarter worth about $134,000. Simplicity Wealth LLC increased its holdings in Telefônica Brasil by 22.2% during the 2nd quarter. Simplicity Wealth LLC now owns 18,459 shares of the Wireless communications provider’s stock valued at $152,000 after purchasing an additional 3,358 shares during the period. Finally, First Affirmative Financial Network bought a new position in Telefônica Brasil during the 3rd quarter valued at approximately $160,000. 5.16% of the stock is currently owned by hedge funds and other 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.