Telefonica Brasil (VIV) Rating Reiterated by Barclays

Telefonica Brasil (NYSE:VIV)‘s stock had its “buy” rating reiterated by stock analysts at Barclays in a note issued to investors on Monday, February 4th. They presently have a $15.00 price target on the Wireless communications provider’s stock. Barclays‘s price target suggests a potential upside of 22.95% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Credit Suisse Group downgraded shares of Telefonica Brasil from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 10th. Citigroup upgraded shares of Telefonica Brasil from a “neutral” rating to a “buy” rating in a research report on Friday, December 14th. Santander upgraded shares of Telefonica Brasil from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. ValuEngine downgraded shares of Telefonica Brasil from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, Scotiabank set a $15.00 target price on shares of Telefonica Brasil and gave the company a “buy” rating in a report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Telefonica Brasil has an average rating of “Hold” and an average price target of $14.90.

Shares of NYSE VIV traded down $0.16 during midday trading on Monday, hitting $12.20. The stock had a trading volume of 1,667,416 shares, compared to its average volume of 1,497,419. The company has a market cap of $21.63 billion, a PE ratio of 10.33, a P/E/G ratio of 1.36 and a beta of 0.80. Telefonica Brasil has a 52 week low of $9.21 and a 52 week high of $16.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.88 and a current ratio of 1.07.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Telefonica Brasil by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 770,917 shares of the Wireless communications provider’s stock worth $9,196,000 after purchasing an additional 5,106 shares in the last quarter. FMR LLC increased its stake in shares of Telefonica Brasil by 5,447.8% in the fourth quarter. FMR LLC now owns 247,377 shares of the Wireless communications provider’s stock worth $2,951,000 after purchasing an additional 242,918 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Telefonica Brasil by 17.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 535,890 shares of the Wireless communications provider’s stock worth $6,393,000 after purchasing an additional 78,420 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Telefonica Brasil in the fourth quarter worth $406,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Telefonica Brasil in the fourth quarter worth $561,000. 10.01% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers 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 and 4G, as well as mobile value-added services and wireless roaming services.

Further Reading: How is inflation measured?

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

Receive News & Ratings for Telefonica Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica Brasil and related companies with MarketBeat.com's FREE daily email newsletter.