Telefonica Brasil (NYSE:VIV) Lowered to “Sell” at ValuEngine

ValuEngine lowered shares of Telefonica Brasil (NYSE:VIV) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

VIV has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Telefonica Brasil from an underweight rating to a neutral rating in a research report on Tuesday, June 4th. Standpoint Research cut shares of Telefonica Brasil from a buy rating to a hold rating in a research report on Thursday, July 25th. Zacks Investment Research cut shares of Telefonica Brasil from a hold rating to a strong sell rating and set a $13.00 price objective on the stock. in a research report on Friday, June 7th. Barclays cut shares of Telefonica Brasil from an overweight rating to an equal weight rating and reduced their price objective for the company from $15.00 to $14.00 in a research report on Thursday, August 1st. Finally, Itau BBA Securities cut shares of Telefonica Brasil from an outperform rating to a market perform rating in a research report on Friday, June 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Telefonica Brasil currently has a consensus rating of Hold and an average target price of $14.00.

Shares of NYSE:VIV opened at $13.17 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.00. Telefonica Brasil has a 1-year low of $9.21 and a 1-year high of $14.47. The company has a market capitalization of $21.85 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.56 and a beta of 0.72. The firm’s 50 day simple moving average is $13.57 and its two-hundred day simple moving average is $12.62.

Institutional investors have recently added to or reduced their stakes in the company. Icon Wealth Partners LLC raised its position in shares of Telefonica Brasil by 16.1% during the first quarter. Icon Wealth Partners LLC now owns 11,560 shares of the Wireless communications provider’s stock valued at $140,000 after buying an additional 1,601 shares during the last quarter. First Republic Investment Management Inc. increased its position in Telefonica Brasil by 19.6% in the first quarter. First Republic Investment Management Inc. now owns 82,147 shares of the Wireless communications provider’s stock worth $992,000 after purchasing an additional 13,445 shares during the last quarter. Wetherby Asset Management Inc. increased its position in Telefonica Brasil by 31.5% in the second quarter. Wetherby Asset Management Inc. now owns 23,106 shares of the Wireless communications provider’s stock worth $301,000 after purchasing an additional 5,533 shares during the last quarter. Lazard Asset Management LLC increased its position in Telefonica Brasil by 3.8% in the first quarter. Lazard Asset Management LLC now owns 1,603,855 shares of the Wireless communications provider’s stock worth $19,358,000 after purchasing an additional 58,644 shares during the last quarter. Finally, Unison Advisors LLC increased its position in Telefonica Brasil by 2.6% in the first quarter. Unison Advisors LLC now owns 100,282 shares of the Wireless communications provider’s stock worth $1,288,000 after purchasing an additional 2,497 shares during the last quarter. Hedge funds and other institutional investors own 9.61% of the company’s stock.

About Telefonica Brasil

Telefônica 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.

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Analyst Recommendations for Telefonica Brasil (NYSE:VIV)

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