Wall Street analysts forecast that Telefonica Brasil SA (NYSE:VIV) will post $0.20 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Telefonica Brasil’s earnings. Telefonica Brasil reported earnings of $0.23 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13%. The business is expected to announce its next earnings results on Wednesday, November 7th.
On average, analysts expect that Telefonica Brasil will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.15. For the next financial year, analysts anticipate that the firm will report earnings of $0.88 per share, with EPS estimates ranging from $0.84 to $0.91. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Telefonica Brasil.
A number of research analysts have commented on VIV shares. Barclays reduced their price objective on Telefonica Brasil from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 11th. JPMorgan Chase & Co. lowered Telefonica Brasil from a “neutral” rating to an “underweight” rating in a research report on Monday, July 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.50 target price on shares of Telefonica Brasil in a research report on Tuesday, July 31st. Scotiabank set a $14.00 target price on Telefonica Brasil and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Finally, ValuEngine raised Telefonica Brasil from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Telefonica Brasil has a consensus rating of “Hold” and a consensus price target of $15.70.
Shares of VIV traded down $0.10 during midday trading on Wednesday, reaching $11.73. 960,126 shares of the company were exchanged, compared to its average volume of 1,699,798. The stock has a market cap of $20.50 billion, a PE ratio of 13.80, a P/E/G ratio of 1.74 and a beta of 0.81. Telefonica Brasil has a 1-year low of $9.21 and a 1-year high of $17.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.88.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Telefonica Brasil by 93.8% during the third quarter. JPMorgan Chase & Co. now owns 937,138 shares of the Wireless communications provider’s stock worth $9,119,000 after acquiring an additional 453,702 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Telefonica Brasil by 4.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 226,124 shares of the Wireless communications provider’s stock worth $2,200,000 after acquiring an additional 10,600 shares during the last quarter. Lesa Sroufe & Co purchased a new stake in shares of Telefonica Brasil during the third quarter worth about $4,128,000. SG Americas Securities LLC increased its holdings in Telefonica Brasil by 96.6% in the third quarter. SG Americas Securities LLC now owns 65,396 shares of the Wireless communications provider’s stock valued at $636,000 after buying an additional 32,137 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Telefonica Brasil by 623.9% in the third quarter. Acadian Asset Management LLC now owns 1,583,320 shares of the Wireless communications provider’s stock valued at $15,406,000 after buying an additional 1,364,595 shares during the last quarter. 10.03% of the stock is currently 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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