Telefônica Brasil (NYSE:VIV) Rating Lowered to Buy at StockNews.com

Telefônica Brasil (NYSE:VIV) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

VIV has been the topic of a number of other reports. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Scotiabank lifted their price objective 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. Finally, Barclays upped their target price on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Price Performance

NYSE:VIV opened at $9.40 on Monday. The stock has a 50 day moving average of $9.71 and a two-hundred day moving average of $9.16. Telefônica Brasil has a 12 month low of $8.02 and a 12 month high of $11.43. The firm has a market cap of $15.64 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.95 and a beta of 0.80. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter in the prior year, the firm earned $0.14 earnings per share. On average, analysts expect that Telefônica Brasil will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in Telefônica Brasil by 165.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock valued at $20,311,000 after purchasing an additional 1,157,304 shares during the period. Ballentine Partners LLC lifted its position in Telefônica Brasil by 86.0% in the first quarter. Ballentine Partners LLC now owns 25,061 shares of the Wireless communications provider’s stock valued at $252,000 after buying an additional 11,589 shares during the last quarter. DGS Capital Management LLC increased its position in shares of Telefônica Brasil by 4.7% during the first quarter. DGS Capital Management LLC now owns 77,857 shares of the Wireless communications provider’s stock valued at $784,000 after acquiring an additional 3,521 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in shares of Telefônica Brasil by 3.1% in the 1st quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock valued at $763,000 after acquiring an additional 2,292 shares during the period. Finally, Kathmere Capital Management LLC lifted its holdings in shares of Telefônica Brasil by 15.1% in the 1st quarter. Kathmere Capital Management LLC now owns 27,727 shares of the Wireless communications provider’s stock worth $279,000 after acquiring an additional 3,639 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

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.