Shares of Telefonica Brasil SA (NYSE:VIV) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.53.

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Telefonica Brasil from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Zacks Investment Research raised shares of Telefonica Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.60 price objective on shares of Telefonica Brasil in a research report on Thursday, November 2nd. Santander cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Credit Suisse Group cut shares of Telefonica Brasil from an “outperform” rating to a “neutral” rating in a research report on Friday, January 19th.

A number of hedge funds have recently modified their holdings of VIV. Wells Fargo & Company MN boosted its position in Telefonica Brasil by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 470,663 shares of the Wireless communications provider’s stock valued at $6,349,000 after buying an additional 18,691 shares during the period. PNC Financial Services Group Inc. boosted its position in Telefonica Brasil by 178.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,641 shares of the Wireless communications provider’s stock valued at $103,000 after buying an additional 4,893 shares during the period. UBS Asset Management Americas Inc. boosted its position in Telefonica Brasil by 1.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 443,800 shares of the Wireless communications provider’s stock valued at $5,987,000 after buying an additional 4,200 shares during the period. Vanguard Group Inc. boosted its position in Telefonica Brasil by 10.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,497,039 shares of the Wireless communications provider’s stock valued at $47,175,000 after buying an additional 340,648 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Telefonica Brasil by 7.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 617,240 shares of the Wireless communications provider’s stock valued at $8,330,000 after buying an additional 44,800 shares during the period. 9.34% of the stock is owned by institutional investors.

Telefonica Brasil (NYSE:VIV) traded down $0.14 during trading hours on Monday, hitting $15.79. 1,070,000 shares of the company were exchanged, compared to its average volume of 1,250,000. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.94. The stock has a market cap of $25,140.00, a PE ratio of 20.51, a P/E/G ratio of 1.15 and a beta of 1.42. Telefonica Brasil has a 1 year low of $13.06 and a 1 year high of $17.33.

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Telefonica Brasil Company Profile

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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