Telefonica Brasil (NYSE:VIV) Now Covered by Analysts at Bank of America

Stock analysts at Bank of America initiated coverage on shares of Telefonica Brasil (NYSE:VIV) in a note issued to investors on Thursday. The firm set an “underperform” rating and a $14.00 price target on the Wireless communications provider’s stock. Bank of America‘s target price would suggest a potential upside of 14.66% from the stock’s previous close.

A number of other research firms have also recently weighed in on VIV. The Goldman Sachs Group increased their price objective on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Morgan Stanley set a $12.00 price target on shares of Telefonica Brasil in a research note on Wednesday, October 8th. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Barclays restated an “overweight” rating and issued a $14.50 target price on shares of Telefonica Brasil in a research report on Monday, November 3rd. Finally, Citigroup started coverage on Telefonica Brasil in a research report on Wednesday, September 10th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Telefonica Brasil currently has an average rating of “Hold” and a consensus target price of $13.12.

Telefonica Brasil Trading Down 2.0%

Shares of VIV stock traded down $0.25 during mid-day trading on Thursday, reaching $12.21. The company’s stock had a trading volume of 1,094,018 shares, compared to its average volume of 1,134,133. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $19.86 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.69. The company’s 50 day simple moving average is $12.55 and its 200-day simple moving average is $11.93. Telefonica Brasil has a 12-month low of $7.47 and a 12-month high of $13.31.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share for the quarter. The company had revenue of $2.81 billion during the quarter. Telefonica Brasil had a net margin of 10.37% and a return on equity of 8.67%. On average, research analysts predict that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. First Affirmative Financial Network grew its holdings in Telefonica Brasil by 3.4% during the third quarter. First Affirmative Financial Network now owns 33,558 shares of the Wireless communications provider’s stock valued at $428,000 after purchasing an additional 1,113 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of Telefonica Brasil during the third quarter worth $142,000. Dorsey Wright & Associates acquired a new position in shares of Telefonica Brasil in the 3rd quarter valued at $1,578,000. PharVision Advisers LLC bought a new stake in shares of Telefonica Brasil in the 3rd quarter valued at $240,000. Finally, XTX Topco Ltd acquired a new stake in Telefonica Brasil during the 3rd quarter worth $808,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Company Profile

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.