Telefonica Brasil S.A. (NYSE:VIV) Stock Has Average Price Target of $14.26 According to Brokerages

Shares of Telefonica Brasil S.A. (NYSE:VIV) have been assigned an average recommendation of “Reduce” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.26.

VIV has been the subject of a number of research reports. Bank of America raised shares of Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 13th. Morgan Stanley set a $14.00 price target on shares of Telefonica Brasil in a report on Thursday, August 20th. Barclays set a $14.00 price objective on Telefonica Brasil and gave the company an “equal weight” rating in a research note on Thursday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Telefonica Brasil in a report on Friday, October 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ethic Inc. increased its stake in shares of Telefonica Brasil by 18.9% in the third quarter. Ethic Inc. now owns 217,666 shares of the Wireless communications provider’s stock worth $2,492,000 after purchasing an additional 34,671 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Telefonica Brasil by 29.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 171,887 shares of the Wireless communications provider’s stock valued at $1,968,000 after purchasing an additional 39,000 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Telefonica Brasil during the 3rd quarter valued at approximately $64,000. Vise Technologies Inc. lifted its stake in shares of Telefonica Brasil by 36.3% during the 3rd quarter. Vise Technologies Inc. now owns 22,247 shares of the Wireless communications provider’s stock valued at $255,000 after buying an additional 5,929 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Telefonica Brasil by 12.9% in the 3rd quarter. Signaturefd LLC now owns 29,852 shares of the Wireless communications provider’s stock worth $342,000 after buying an additional 3,407 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Performance

NYSE VIV opened at $10.96 on Friday. Telefonica Brasil has a 52-week low of $10.70 and a 52-week high of $17.25. The company has a 50-day simple moving average of $11.91 and a 200 day simple moving average of $13.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 0.95. The company has a market capitalization of $17.84 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.66 and a beta of 0.53.

About Telefonica Brasil

Telefônica Brasil SA, operating under the Vivo brand, is one of Brazil’s major telecommunications companies. The company provides mobile voice and data services, fixed-line telecommunications, broadband internet, and other connectivity solutions to consumers, businesses, and public-sector customers.

Its offerings include mobile communication plans, 4G and 5G services, fiber-optic broadband, fixed voice services, television and digital entertainment options, and business technology solutions.