StockNews.com Upgrades Telefônica Brasil (NYSE:VIV) to “Strong-Buy”

StockNews.com upgraded shares of Telefônica Brasil (NYSE:VIV) from a buy rating to a strong-buy rating in a report issued on Thursday.

Several other research analysts have also commented on the stock. Barclays increased their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Scotiabank raised their target price on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Price Performance

VIV opened at $9.04 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 1 year low of $8.02 and a 1 year high of $11.43. The stock has a fifty day moving average price of $9.60 and a 200 day moving average price of $9.12. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.89 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $0.18 EPS. Analysts forecast that Telefônica Brasil will post 0.61 EPS for the current fiscal year.

Institutional Trading of Telefônica Brasil

Large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings in Telefônica Brasil by 20.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 399,318 shares of the Wireless communications provider’s stock valued at $4,021,000 after acquiring an additional 67,414 shares during the period. Vanguard Group Inc. boosted its stake in Telefônica Brasil by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after purchasing an additional 72,388 shares during the period. Acadian Asset Management LLC acquired a new stake in Telefônica Brasil in the 1st quarter valued at approximately $650,000. Frank Rimerman Advisors LLC bought a new position in Telefônica Brasil in the 2nd quarter worth approximately $842,000. Finally, Brandes Investment Partners LP lifted its holdings in shares of Telefônica Brasil by 14.3% during the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after buying an additional 275,569 shares during the last quarter. 5.16% of the stock is owned by institutional investors.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company 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, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.