Telefonica Brasil (VIV) Downgraded to “Sell” at ValuEngine

Telefonica Brasil (NYSE:VIV) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

VIV has been the subject of a number of other reports. Zacks Investment Research upgraded Telefonica Brasil from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Tuesday, December 11th. Scotiabank set a $15.00 target price on Telefonica Brasil and gave the stock a “buy” rating in a report on Wednesday, October 31st. Credit Suisse Group downgraded Telefonica Brasil from a “neutral” rating to an “underperform” rating in a report on Thursday, January 10th. Barclays lifted their target price on Telefonica Brasil from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 1st. Finally, Santander upgraded Telefonica Brasil from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Three research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.90.

NYSE:VIV opened at $12.43 on Wednesday. Telefonica Brasil has a twelve month low of $9.21 and a twelve month high of $17.33. The stock has a market capitalization of $21.70 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.07.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings data on Friday, October 26th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.28. Telefonica Brasil had a return on equity of 10.24% and a net margin of 19.97%. The company had revenue of $2.73 billion during the quarter. Equities analysts predict that Telefonica Brasil will post 1.46 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Brandes Investment Partners LP grew its stake in Telefonica Brasil by 6.0% in the third quarter. Brandes Investment Partners LP now owns 7,671,657 shares of the Wireless communications provider’s stock valued at $74,645,000 after acquiring an additional 433,710 shares during the period. Pzena Investment Management LLC grew its stake in Telefonica Brasil by 8.2% in the third quarter. Pzena Investment Management LLC now owns 5,947,709 shares of the Wireless communications provider’s stock valued at $57,872,000 after acquiring an additional 448,871 shares during the period. Acadian Asset Management LLC grew its stake in Telefonica Brasil by 623.9% in the third quarter. Acadian Asset Management LLC now owns 1,583,320 shares of the Wireless communications provider’s stock valued at $15,406,000 after acquiring an additional 1,364,595 shares during the period. Renaissance Technologies LLC grew its stake in Telefonica Brasil by 1,198.2% in the third quarter. Renaissance Technologies LLC now owns 1,441,653 shares of the Wireless communications provider’s stock valued at $14,027,000 after acquiring an additional 1,330,600 shares during the period. Finally, Aviva PLC grew its stake in Telefonica Brasil by 2.1% in the third quarter. Aviva PLC now owns 1,214,627 shares of the Wireless communications provider’s stock valued at $11,818,000 after acquiring an additional 25,137 shares during the period. 10.39% of the stock is owned by hedge funds and other institutional investors.

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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