Telefonica Brasil S.A. (NYSE:VIV)‘s stock had its “equal weight” rating reaffirmed by analysts at Morgan Stanley in a research note issued to investors on Monday. They presently have a $15.00 target price on the Wireless communications provider’s stock. Morgan Stanley’s target price points to a potential downside of 0.13% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. BidaskClub downgraded Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada set a $15.00 price target on Telefonica Brasil and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.33.

Telefonica Brasil (VIV) opened at 15.02 on Monday. Telefonica Brasil has a 1-year low of $11.95 and a 1-year high of $15.69. The company has a 50 day moving average price of $14.43 and a 200 day moving average price of $14.59. The firm has a market cap of $25.36 billion, a PE ratio of 19.66 and a beta of 1.34.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.06. The business had revenue of $3.33 billion during the quarter. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. On average, equities research analysts forecast that Telefonica Brasil will post $0.89 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in VIV. World Asset Management Inc increased its stake in Telefonica Brasil by 1.5% in the first quarter. World Asset Management Inc now owns 69,745 shares of the Wireless communications provider’s stock worth $1,036,000 after buying an additional 1,030 shares during the period. GRATRY & Co LLC increased its stake in Telefonica Brasil by 1.1% in the first quarter. GRATRY & Co LLC now owns 11,352 shares of the Wireless communications provider’s stock worth $169,000 after buying an additional 125 shares during the period. Comerica Bank increased its stake in Telefonica Brasil by 0.5% in the first quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock worth $963,000 after buying an additional 344 shares during the period. BNP Paribas Arbitrage SA increased its stake in Telefonica Brasil by 223.3% in the first quarter. BNP Paribas Arbitrage SA now owns 80,046 shares of the Wireless communications provider’s stock worth $1,189,000 after buying an additional 55,288 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Telefonica Brasil by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock worth $3,273,000 after buying an additional 1,212 shares during the period. 10.97% of the stock is currently owned by institutional investors and hedge funds.

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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