Telefonica Brasil’s (VIV) “Neutral” Rating Reaffirmed at Jefferies Financial Group

Telefonica Brasil (NYSE:VIV)‘s stock had its “neutral” rating restated by equities research analysts at Jefferies Financial Group in a report released on Thursday, Stock Target Advisor reports. They currently have a $25.00 price objective on the Wireless communications provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 88.96% from the stock’s previous close.

VIV has been the topic of a number of other research reports. Standpoint Research lowered Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. ValuEngine lowered Telefonica Brasil from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Finally, Barclays lowered Telefonica Brasil from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $15.00 to $14.00 in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.75.

Shares of VIV stock opened at $13.23 on Thursday. The stock’s fifty day simple moving average is $13.02 and its 200 day simple moving average is $12.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.00. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 1.46 and a beta of 0.69. Telefonica Brasil has a one year low of $9.98 and a one year high of $14.47.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, July 30th. The Wireless communications provider reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.84 billion. Telefonica Brasil had a return on equity of 10.26% and a net margin of 16.91%. On average, research analysts anticipate that Telefonica Brasil will post 0.88 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group boosted its stake in Telefonica Brasil by 49.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,720 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 894 shares in the last quarter. Lenox Wealth Advisors LLC acquired a new position in Telefonica Brasil in the third quarter worth $34,000. Assetmark Inc. acquired a new position in Telefonica Brasil in the second quarter worth $99,000. Redhawk Wealth Advisors Inc. acquired a new position in Telefonica Brasil in the second quarter worth $117,000. Finally, Quantamental Technologies LLC acquired a new position in Telefonica Brasil in the second quarter worth $125,000. 9.22% of the stock is currently owned by institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA provides mobile and fixed 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, 4G, and 4.5G, as well as mobile value-added services and wireless roaming services.

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