Telefônica Brasil (NYSE:VIV) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Telefônica Brasil (NYSE:VIV) from a strong-buy rating to a buy rating in a research note issued to investors on Monday.

Other analysts have also recently issued research reports about the company. Barclays upped their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday. Scotiabank upped their price target on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Telefônica Brasil presently has an average rating of “Moderate Buy” and a consensus price target of $11.07.

Telefônica Brasil Stock Down 2.7 %

VIV stock opened at $8.66 on Monday. Telefônica Brasil has a fifty-two week low of $8.02 and a fifty-two week high of $11.43. The business’s 50-day moving average is $9.44 and its two-hundred day moving average is $9.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.90 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, analysts forecast that Telefônica Brasil will post 0.6 earnings per share for the current year.

Institutional Trading of Telefônica Brasil

Several institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 3,104 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Telefônica Brasil during the 2nd quarter valued at approximately $83,000. Arkfeld Wealth Strategies L.L.C. purchased a new position in Telefônica Brasil during the 2nd quarter valued at approximately $85,000. B. Riley Wealth Advisors Inc. purchased a new position in Telefônica Brasil during the 1st quarter valued at approximately $123,000. Finally, Aprio Wealth Management LLC purchased a new position in Telefônica Brasil during the 3rd quarter valued at approximately $134,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.