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

Telefônica Brasil (NYSE:VIV) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Barclays lifted their target price on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Scotiabank lifted their target price 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 equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and an average target price of $10.97.

Telefônica Brasil Stock Up 1.0 %

Shares of NYSE:VIV opened at $9.38 on Wednesday. The stock’s 50-day moving average price is $9.66 and its two-hundred day moving average price is $9.14. 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 has a 12-month low of $8.02 and a 12-month high of $11.43. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.91 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. During the same period last year, the business posted $0.18 EPS. On average, research analysts forecast that Telefônica Brasil will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Telefônica Brasil

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Telefônica Brasil by 2.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 184,212 shares of the Wireless communications provider’s stock worth $1,855,000 after acquiring an additional 4,000 shares in the last quarter. Norden Group LLC bought a new position in Telefônica Brasil during the first quarter worth about $292,000. Quantbot Technologies LP bought a new position in Telefônica Brasil during the first quarter worth about $325,000. US Bancorp DE lifted its holdings in Telefônica Brasil by 69.4% during the first quarter. US Bancorp DE now owns 40,700 shares of the Wireless communications provider’s stock worth $410,000 after acquiring an additional 16,679 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Telefônica Brasil by 11.9% in the first quarter. Bleakley Financial Group LLC now owns 15,264 shares of the Wireless communications provider’s stock valued at $154,000 after purchasing an additional 1,625 shares in the last quarter. 5.16% of the stock is 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.