Telefonica Brasil (NYSE:VIV) has been given a $15.00 price target by Scotiabank in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the Wireless communications provider’s stock. Scotiabank’s target price would suggest a potential upside of 23.56% from the company’s current price.
A number of other research analysts also recently issued reports on VIV. ValuEngine raised Telefonica Brasil from a “strong sell” rating to a “sell” rating in a report on Wednesday. Barclays decreased their price target on Telefonica Brasil from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, July 11th. JPMorgan Chase & Co. downgraded Telefonica Brasil from a “neutral” rating to an “underweight” rating in a report on Monday, July 30th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $12.50 price target on shares of Telefonica Brasil in a report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.70.
Shares of NYSE:VIV opened at $12.14 on Wednesday. Telefonica Brasil has a 12-month low of $9.21 and a 12-month high of $17.33. The company has a market capitalization of $19.56 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.90 and a quick ratio of 0.88.
Several hedge funds have recently made changes to their positions in VIV. Dimensional Fund Advisors LP raised its stake in shares of Telefonica Brasil by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 723,759 shares of the Wireless communications provider’s stock worth $11,117,000 after buying an additional 11,503 shares during the period. UBS Group AG raised its stake in shares of Telefonica Brasil by 6.7% during the 1st quarter. UBS Group AG now owns 165,471 shares of the Wireless communications provider’s stock worth $2,542,000 after buying an additional 10,336 shares during the period. A.R.T. Advisors LLC acquired a new position in shares of Telefonica Brasil during the 1st quarter worth approximately $165,000. Royal Bank of Canada raised its stake in shares of Telefonica Brasil by 12.3% during the 1st quarter. Royal Bank of Canada now owns 701,663 shares of the Wireless communications provider’s stock worth $10,778,000 after buying an additional 76,995 shares during the period. Finally, Suntrust Banks Inc. acquired a new position in shares of Telefonica Brasil during the 1st quarter worth approximately $587,000. 10.01% of the stock is owned by institutional investors and hedge funds.
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.
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