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

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

Several other research analysts also recently commented on VIV. Scotiabank raised their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Barclays raised their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Two equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.07.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $8.47 on Tuesday. Telefônica Brasil has a 1 year low of $8.01 and a 1 year high of $11.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The business has a fifty day simple moving average of $9.31 and a two-hundred day simple moving average of $9.08. The company has a market capitalization of $14.09 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.79 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $0.18 EPS. On average, analysts expect that Telefônica Brasil will post 0.63 earnings per share for the current year.

Institutional Trading of Telefônica Brasil

Several institutional investors and hedge funds have recently bought and sold shares of VIV. Blue Trust Inc. increased its holdings in shares of Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 3,104 shares during the period. QRG Capital Management Inc. bought a new position in Telefônica Brasil in the 2nd quarter worth about $83,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Telefônica Brasil in the 1st quarter valued at about $123,000. Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil during the 3rd quarter valued at about $134,000. Finally, First Affirmative Financial Network purchased a new position in shares of Telefônica Brasil during the third quarter worth about $160,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

About Telefônica Brasil

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.