Zacks Investment Research lowered shares of Telefonica Brasil S.A. (NYSE:VIV) from a buy rating to a hold rating in a research report sent to investors on Thursday, July 13th.

According to Zacks, “Telefonica Brasil continues to rule the Brazilian wireless market following the establishment of Vivo as a commercial brand for all services. The company also continues to fortify its leadership position in both data and post-paid segments through various attractive postpaid and prepaid data plan. Telefonica Brasil is also investing in technology upgrades and broadband network infrastructure expansion to retain itself in the competitive industry. On the other side, impact of wireless substitution, intense competition in fixed line voice business, exposure to stringent regulatory measures and foreign exchange currency risks are other near-term risks that may affect the company's growth prospects. Over the past three months, the stock price declined by 4.31% compared with the Zacks categorized Diversified Communication Services' industry's growth of 0.56%.”

A number of other equities research analysts have also commented on VIV. Royal Bank Of Canada reiterated a hold rating and issued a $15.50 target price on shares of Telefonica Brasil in a research report on Tuesday, May 16th. BidaskClub lowered Telefonica Brasil from a buy rating to a hold rating in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Telefonica Brasil has a consensus rating of Buy and a consensus target price of $15.50.

Telefonica Brasil (NYSE:VIV) opened at 15.32 on Thursday. Telefonica Brasil has a 1-year low of $11.95 and a 1-year high of $15.69. The company has a market cap of $25.87 billion, a PE ratio of 20.93 and a beta of 1.34. The firm’s 50-day moving average is $14.14 and its 200 day moving average is $14.55.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.06. The business had revenue of $3.33 billion for the quarter. Telefonica Brasil had a return on equity of 5.91% and a net margin of 9.41%. Analysts predict that Telefonica Brasil will post $0.92 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Comerica Bank increased its position in shares of Telefonica Brasil by 12.3% in the fourth quarter. Comerica Bank now owns 65,208 shares of the Wireless communications provider’s stock worth $919,000 after buying an additional 7,152 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Telefonica Brasil during the fourth quarter worth about $1,874,000. Guggenheim Capital LLC increased its position in shares of Telefonica Brasil by 90.5% in the fourth quarter. Guggenheim Capital LLC now owns 354,048 shares of the Wireless communications provider’s stock worth $4,737,000 after buying an additional 168,234 shares during the last quarter. DnB Asset Management AS increased its position in shares of Telefonica Brasil by 12.6% in the first quarter. DnB Asset Management AS now owns 43,800 shares of the Wireless communications provider’s stock worth $650,000 after buying an additional 4,900 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Telefonica Brasil by 77.2% in the first quarter. Profund Advisors LLC now owns 77,631 shares of the Wireless communications provider’s stock worth $1,153,000 after buying an additional 33,817 shares during the last quarter. Hedge funds and other institutional investors own 10.88% of the company’s stock.

Telefonica Brasil 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. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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