Telefônica Brasil S.A. (NYSE:VIV) Receives Average Recommendation of “Hold” from Brokerages

Telefônica Brasil S.A. (NYSE:VIV) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.47.

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays lifted their price target on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Finally, StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC raised its stake in Telefônica Brasil by 5.9% during the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock valued at $201,000 after buying an additional 1,080 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Telefônica Brasil by 1.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 82,053 shares of the Wireless communications provider’s stock worth $620,000 after purchasing an additional 1,086 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Telefônica Brasil by 3.5% in the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after purchasing an additional 1,136 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Telefônica Brasil by 5.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Summit Global Investments raised its stake in shares of Telefônica Brasil by 1.1% in the fourth quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider’s stock worth $1,041,000 after purchasing an additional 1,506 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Trading Up 0.7 %

NYSE VIV opened at $9.17 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a twelve month low of $7.47 and a twelve month high of $11.43. The firm has a market capitalization of $15.15 billion, a PE ratio of 14.55, a P/E/G ratio of 0.85 and a beta of 0.79. The stock’s 50 day moving average is $8.31 and its 200 day moving average is $8.98.

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.