Telefonica Brasil SA (NYSE:VIV) Given Average Rating of “Hold” by Brokerages

Telefonica Brasil SA (NYSE:VIV) has been given an average rating of “Hold” by the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $28.05.

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VIV has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of Telefonica Brasil in a research note on Friday, October 18th. Barclays reaffirmed a “buy” rating and set a $28.00 price objective on shares of Telefonica Brasil in a research note on Friday, October 18th. Credit Suisse Group reaffirmed a “buy” rating and set a $30.10 price objective on shares of Telefonica Brasil in a research note on Friday, October 18th. Goldman Sachs Group reaffirmed a “buy” rating and set a $32.80 price objective on shares of Telefonica Brasil in a research note on Friday, October 18th. Finally, TheStreet raised Telefonica Brasil from a “c+” rating to a “b-” rating in a research note on Tuesday, October 22nd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lenox Wealth Advisors LLC acquired a new stake in shares of Telefonica Brasil in the 3rd quarter valued at about $34,000. Usca Ria LLC acquired a new stake in shares of Telefonica Brasil in the 3rd quarter valued at about $46,000. Assetmark Inc. acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at about $99,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at about $117,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at about $125,000. 8.99% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Brasil stock traded up $0.04 during mid-day trading on Friday, hitting $13.13. 796,214 shares of the company’s stock were exchanged, compared to its average volume of 1,552,147. The firm has a market capitalization of $22.31 billion, a P/E ratio of 9.45, a PEG ratio of 1.83 and a beta of 0.69. Telefonica Brasil has a fifty-two week low of $10.91 and a fifty-two week high of $14.47. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $13.15 and its 200-day simple moving average is $12.93.

Telefonica Brasil Company Profile

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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