Telefonica Brasil (VIV) Rating Increased to Sell at ValuEngine

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Telefonica Brasil (NYSE:VIV) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Wednesday.

Several other brokerages have also commented on VIV. Barclays set a $13.00 price target on shares of Telefonica Brasil and gave the stock a “buy” rating in a research report on Saturday, September 22nd. JPMorgan Chase & Co. lowered shares of Telefonica Brasil from a “neutral” rating to an “underweight” rating in a research report on Monday, July 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.50 price target on shares of Telefonica Brasil in a research report on Tuesday, July 31st. Finally, Scotiabank set a $14.00 price target on shares of Telefonica Brasil and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.30.

NYSE:VIV opened at $11.58 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $17.56 billion, a PE ratio of 13.62, a PEG ratio of 1.49 and a beta of 1.24. Telefonica Brasil has a 1-year low of $9.21 and a 1-year high of $17.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Asset Management Inc. purchased a new stake in Telefonica Brasil during the second quarter worth approximately $127,000. Wedbush Securities Inc. purchased a new stake in Telefonica Brasil during the second quarter worth approximately $153,000. A.R.T. Advisors LLC purchased a new stake in Telefonica Brasil during the first quarter worth approximately $165,000. Investment House LLC purchased a new stake in Telefonica Brasil during the second quarter worth approximately $267,000. Finally, SG Americas Securities LLC grew its stake in Telefonica Brasil by 144.1% during the second quarter. SG Americas Securities LLC now owns 33,259 shares of the Wireless communications provider’s stock worth $395,000 after buying an additional 19,632 shares during the period. Institutional investors own 10.01% of the company’s stock.

About Telefonica Brasil

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

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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