Analysts have been eager to weigh in on the Technology sector with new ratings on Telefonica Brasil (VIV) and Analog Devices (ADI).
Telefonica Brasil (VIV)
In a report released today, Mathieu Robilliard from Barclays maintained a Buy rating on Telefonica Brasil, with a price target of $15. The company’s shares opened today at $12.66.
Robilliard wrote:
“We made limited changes to our estimates and expect low single digit revenue growth for 2018-2021e and mid single digit EBITDA growth, enabling high single digit OpFCF growth as capex has peaked. We are OW.Q4 18: top line/KPIs remain subdued but troughed, strong beat on OIBDA. Revenues were in line with consensus, with growth improving sequentially to +0.5% y/y (-1% in 3Q). MSR were in line with expectations but fixed revenues were -1% lower, offset by higher handset revenues (+16% vs cons). Recurring EBITDA was +4% vs consensus and growth remained healthy at +4% yoy. Capex came in BRL0.5bn below. Fibre continues to increase its penetration of the base, reaching 67% of total broadband and helping to drive broadband ARPU growth, but was partly offset by ADSL customer losses. Cost cutting helped drive EBITDA growth.Little change to estimates.”
Robilliard has an average return of 10.3% when recommending Telefonica Brasil.
According to TipRanks.com, Robilliard is ranked #1149 out of 5188 analysts.
Currently, the analyst consensus on Telefonica Brasil is a Moderate Buy with an average price target of $15.
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Analog Devices (ADI)
In a report released yesterday, Blayne Curtis from Barclays maintained a Hold rating on Analog Devices, with a price target of $102. The company’s shares opened today at $106.33, close to its 52-week high of $108.28.
According to TipRanks.com, Curtis is a 5-star analyst with an average return of 9.8% and a 60.8% success rate. Curtis covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Smart Global Holdings Inc, and Quantenna Communications.
Analog Devices has an analyst consensus of Moderate Buy, with a price target consensus of $113.80.
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