Brokerages Set Telefônica Brasil S.A. (NYSE:VIV) PT at $10.60

Telefônica Brasil S.A. (NYSE:VIV) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.47.

Several equities research analysts recently issued reports on VIV shares. The Goldman Sachs Group reduced their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. Scotiabank lifted their price target 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 cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 12th. Barclays boosted their price objective 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. Finally, New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

Institutional Investors Weigh In On Telefônica Brasil

Several hedge funds have recently made changes to their positions in VIV. GAMMA Investing LLC raised its holdings in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares in the last quarter. Blue Trust Inc. increased its position in shares of Telefônica Brasil by 87.5% during the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock valued at $62,000 after purchasing an additional 2,812 shares during the period. Aprio Wealth Management LLC acquired a new position in shares of Telefônica Brasil in the third quarter valued at $134,000. QRG Capital Management Inc. lifted its position in Telefônica Brasil by 30.2% in the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after purchasing an additional 3,039 shares during the period. Finally, First Affirmative Financial Network acquired a new stake in Telefônica Brasil during the third quarter worth $160,000. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Trading Up 1.9 %

Shares of NYSE:VIV opened at $7.89 on Friday. Telefônica Brasil has a 12-month low of $7.47 and a 12-month high of $11.43. 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 firm has a market capitalization of $13.13 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. The firm has a fifty day moving average of $8.45 and a two-hundred day moving average of $8.98.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate 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 company posted $0.18 earnings per share. On average, equities analysts expect that Telefônica Brasil will post 0.63 EPS for the current fiscal year.

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.