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.
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.
Read More: How to invest in a bear market
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.