ValuEngine upgraded shares of Telefonica Brasil (NYSE:VIV) from a sell rating to a hold rating in a report issued on Thursday.

Other analysts have also issued research reports about the stock. Barclays set a $13.00 target price on shares of Telefonica Brasil and gave the stock a buy rating in a report on Saturday, September 22nd. Scotiabank set a $15.00 target price on shares of Telefonica Brasil and gave the stock a buy rating in a report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $15.70.

Telefonica Brasil stock opened at $11.95 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.88 and a current ratio of 0.91. The company has a market cap of $20.18 billion, a P/E ratio of 14.06, a PEG ratio of 1.72 and a beta of 0.87. Telefonica Brasil has a 1-year low of $9.21 and a 1-year high of $17.33.

Telefonica Brasil (NYSE:VIV) last posted its earnings results on Friday, October 26th. The Wireless communications provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.28. The business had revenue of $2.73 billion for the quarter. Telefonica Brasil had a net margin of 19.97% and a return on equity of 10.24%. Research analysts expect that Telefonica Brasil will post 1.11 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Telefonica Brasil by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 765,811 shares of the Wireless communications provider’s stock worth $7,471,000 after acquiring an additional 4,454 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Telefonica Brasil by 10.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,647 shares of the Wireless communications provider’s stock worth $589,000 after buying an additional 4,701 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Telefonica Brasil by 7.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 75,010 shares of the Wireless communications provider’s stock worth $890,000 after buying an additional 5,000 shares during the last quarter. NWQ Investment Management Company LLC increased its holdings in shares of Telefonica Brasil by 8.1% in the 3rd quarter. NWQ Investment Management Company LLC now owns 80,428 shares of the Wireless communications provider’s stock worth $976,000 after buying an additional 6,023 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Telefonica Brasil by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 65,521 shares of the Wireless communications provider’s stock worth $778,000 after buying an additional 7,258 shares during the last quarter. 10.39% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Company Profile

TelefĂ´nica Brasil SA provides mobile and fixed line 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 and 4G, 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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