Jefferies Financial Group restated their neutral rating on shares of Telefonica Brasil (NYSE:VIV) in a research report report published on Thursday, Stock Target Advisor reports. Jefferies Financial Group currently has a $25.00 price target on the Wireless communications provider’s stock.
A number of other equities analysts have also weighed in on the company. Barclays lowered Telefonica Brasil from an overweight rating to an equal weight rating and lowered their target price for the stock from $15.00 to $14.00 in a research note on Thursday, August 1st. ValuEngine lowered Telefonica Brasil from a hold rating to a sell rating in a research note on Thursday, August 15th. Finally, Standpoint Research lowered Telefonica Brasil from a buy rating to a hold rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $26.36.
Shares of NYSE VIV opened at $13.23 on Thursday. The firm has a market cap of $22.14 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 1.49 and a beta of 0.69. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.17. Telefonica Brasil has a 1-year low of $9.98 and a 1-year high of $14.47. The business’s 50 day moving average is $13.02 and its 200-day moving average is $12.74.
Institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group increased its stake in Telefonica Brasil by 49.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,720 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 894 shares during the period. Lenox Wealth Advisors LLC bought a new position in Telefonica Brasil during the 3rd quarter worth $34,000. Assetmark Inc. bought a new position in Telefonica Brasil during the 2nd quarter worth $99,000. Redhawk Wealth Advisors Inc. bought a new position in Telefonica Brasil during the 2nd quarter worth $117,000. Finally, Quantamental Technologies LLC bought a new position in Telefonica Brasil during the 2nd quarter worth $125,000. Hedge funds and other institutional investors own 9.22% of the company’s stock.
About Telefonica Brasil
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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