Telefonica Brasil SA (VIV) Receives $14.75 Average Target Price from Analysts
Telefonica Brasil SA (NYSE:VIV) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the company. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.75.
VIV has been the subject of a number of recent analyst reports. Barclays PLC increased their price objective on Telefonica Brasil SA from $17.00 to $17.50 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Zacks Investment Research lowered Telefonica Brasil SA from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG raised Telefonica Brasil SA from a “neutral” rating to an “outperform” rating in a report on Friday, October 28th. Finally, RBC Capital Markets restated an “underperform” rating on shares of Telefonica Brasil SA in a research report on Saturday, October 22nd.
Telefonica Brasil SA (NYSE:VIV) opened at 12.77 on Wednesday. The stock has a market cap of $21.56 billion, a P/E ratio of 17.30 and a beta of 1.54. Telefonica Brasil SA has a 52-week low of $7.72 and a 52-week high of $15.69. The firm’s 50-day moving average price is $13.87 and its 200 day moving average price is $13.62.
Several large investors have recently added to or reduced their stakes in VIV. AXA raised its stake in Telefonica Brasil SA by 2,429.0% in the first quarter. AXA now owns 80,927 shares of the company’s stock valued at $1,011,000 after buying an additional 77,727 shares in the last quarter. AJO LP raised its stake in Telefonica Brasil SA by 13.9% in the second quarter. AJO LP now owns 25,316 shares of the company’s stock valued at $344,000 after buying an additional 3,099 shares in the last quarter. Deere & Co. bought a new stake in Telefonica Brasil SA during the second quarter valued at $2,468,000. Bank of Montreal Can bought a new stake in Telefonica Brasil SA during the second quarter valued at $6,630,000. Finally, SG Americas Securities LLC raised its stake in Telefonica Brasil SA by 102.0% in the second quarter. SG Americas Securities LLC now owns 96,920 shares of the company’s stock valued at $1,318,000 after buying an additional 48,936 shares in the last quarter. 10.24% of the stock is owned by institutional investors and hedge funds.
Telefonica Brasil SA Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB), Pay television, information technology and digital services (such as e-health, cloud and financial services).
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