Telefônica Brasil (NYSE:VIV – Get Free Report) had its target price reduced by equities researchers at Barclays from $13.00 to $12.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the Wireless communications provider’s stock. Barclays‘s price target indicates a potential upside of 35.59% from the stock’s current price.
Separately, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.35.
View Our Latest Stock Report on VIV
Telefônica Brasil Stock Down 4.5 %
Telefônica Brasil (NYSE:VIV – Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. The company had revenue of $2.73 billion during the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. Sell-side analysts predict that Telefônica Brasil will post 0.7 EPS for the current fiscal year.
Institutional Investors Weigh In On Telefônica Brasil
A number of hedge funds and other institutional investors have recently modified their holdings of VIV. Campbell & CO Investment Adviser LLC bought a new position in shares of Telefônica Brasil in the third quarter worth $96,000. Euro Pacific Asset Management LLC boosted its stake in Telefônica Brasil by 10.0% in the third quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 1,113 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Telefônica Brasil during the third quarter worth about $115,000. Personal CFO Solutions LLC bought a new position in shares of Telefônica Brasil in the fourth quarter worth about $136,000. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Telefônica Brasil in the 4th quarter valued at approximately $143,000. Institutional investors and hedge funds own 5.16% of the company’s stock.
About Telefônica Brasil
Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company 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, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.
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