Scotiabank Trims Telefonica Brasil (NYSE:VIV) Target Price to $12.00

Telefonica Brasil (NYSE:VIV) had its price objective cut by Scotiabank from $15.00 to $12.00 in a research note published on Thursday, AnalystRatings.com reports. They currently have a sector outperform rating on the Wireless communications provider’s stock.

A number of other analysts also recently weighed in on VIV. Credit Suisse Group raised shares of Telefonica Brasil from a neutral rating to an outperform rating in a report on Monday, May 4th. Barclays decreased their price objective on shares of Telefonica Brasil from $11.00 to $10.00 and set an equal weight rating for the company in a research report on Monday, May 11th. ValuEngine cut shares of Telefonica Brasil from a hold rating to a sell rating in a research report on Wednesday, April 29th. Goldman Sachs Group upgraded shares of Telefonica Brasil from a neutral rating to a buy rating in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. upgraded shares of Telefonica Brasil from a neutral rating to an overweight rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $11.00.

VIV opened at $10.09 on Thursday. The stock has a market capitalization of $16.77 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.81 and a beta of 0.72. Telefonica Brasil has a 12 month low of $7.75 and a 12 month high of $14.68. The firm’s fifty day simple moving average is $9.36 and its 200 day simple moving average is $10.53. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.12.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Wednesday, May 13th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.92% and a return on equity of 6.76%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.72 billion. On average, equities research analysts predict that Telefonica Brasil will post 0.57 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of VIV. M&T Bank Corp grew its position in Telefonica Brasil by 4.2% during the 1st quarter. M&T Bank Corp now owns 33,015 shares of the Wireless communications provider’s stock valued at $314,000 after purchasing an additional 1,339 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Telefonica Brasil by 5.3% in the second quarter. DNB Asset Management AS now owns 36,483 shares of the Wireless communications provider’s stock valued at $323,000 after acquiring an additional 1,838 shares in the last quarter. Comerica Bank raised its holdings in shares of Telefonica Brasil by 5.2% in the second quarter. Comerica Bank now owns 58,991 shares of the Wireless communications provider’s stock valued at $590,000 after acquiring an additional 2,891 shares in the last quarter. Unison Advisors LLC raised its holdings in shares of Telefonica Brasil by 3.7% in the first quarter. Unison Advisors LLC now owns 107,114 shares of the Wireless communications provider’s stock valued at $1,081,000 after acquiring an additional 3,835 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Telefonica Brasil by 3.5% in the first quarter. Guggenheim Capital LLC now owns 178,756 shares of the Wireless communications provider’s stock valued at $1,703,000 after acquiring an additional 5,989 shares in the last quarter. Institutional investors and hedge funds own 8.18% of the company’s stock.

About Telefonica Brasil

TelefĂ´nica 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.

Featured Story: If I purchase shares through a brokerage account, am I the holder of record?

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

Receive News & Ratings for Telefonica Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica Brasil and related companies with MarketBeat.com's FREE daily email newsletter.