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

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

Other research analysts have also recently issued research reports about the company. Barclays raised their price target 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. Scotiabank increased their price target on shares of 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.97.

Telefônica Brasil Stock Performance

NYSE VIV opened at $9.04 on Thursday. The stock has a market cap of $15.04 billion, a PE ratio of 14.29, a P/E/G ratio of 0.89 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil has a 52-week low of $8.02 and a 52-week high of $11.43. The firm has a 50-day moving average of $9.62 and a 200-day moving average of $9.13.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm earned $0.18 earnings per share. On average, sell-side analysts anticipate that Telefônica Brasil will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Telefônica Brasil

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in shares of Telefônica Brasil by 5.9% in the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock valued at $201,000 after buying an additional 1,080 shares during the period. Quantinno Capital Management LP grew its holdings in Telefônica Brasil by 3.5% during the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after buying an additional 1,136 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of Telefônica Brasil by 4.1% in the 2nd quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after acquiring an additional 1,150 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Telefônica Brasil by 5.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after buying an additional 1,236 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Telefônica Brasil by 0.5% during the 1st quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock worth $3,323,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 5.16% of the company’s stock.

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.