Telefônica Brasil (NYSE:VIV) Stock Price Expected to Rise, Barclays Analyst Says

Telefônica Brasil (NYSE:VIV) had its price target increased by equities researchers at Barclays from $11.50 to $11.80 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the Wireless communications provider’s stock. Barclays‘s price objective suggests a potential upside of 32.51% from the stock’s previous close.

Several other equities analysts have also commented on the company. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Scotiabank boosted their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and an average target price of $11.07.

Telefônica Brasil Stock Up 0.6 %

Shares of VIV opened at $8.91 on Monday. 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 one year low of $8.02 and a one year high of $11.43. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.87 and a beta of 0.81. The stock has a 50 day moving average price of $9.47 and a 200 day moving average price of $9.09.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data 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. The company had revenue of $2.53 billion for 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 in the previous year, the company posted $0.18 earnings per share. Equities research analysts forecast that Telefônica Brasil will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

A number of large investors have recently made changes to their positions in the company. Brandes Investment Partners LP boosted its position in shares of Telefônica Brasil by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock valued at $18,261,000 after purchasing an additional 275,569 shares during the period. Renaissance Technologies LLC boosted its position in shares of Telefônica Brasil by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider’s stock valued at $15,014,000 after purchasing an additional 197,500 shares during the period. Vanguard Group Inc. boosted its position in shares of Telefônica Brasil by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after purchasing an additional 72,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Telefônica Brasil by 49.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after purchasing an additional 385,207 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Telefônica Brasil by 12.9% in the 2nd quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock valued at $5,830,000 after purchasing an additional 81,229 shares during the period. 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.