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

Telefônica Brasil (NYSE:VIV) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Several other research analysts also recently weighed in on VIV. Barclays lifted their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. Scotiabank lifted their target price 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 investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.07.

Telefônica Brasil Stock Down 0.2 %

VIV stock opened at $8.45 on Tuesday. The firm’s 50-day moving average is $9.28 and its two-hundred day moving average is $9.07. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 52 week low of $8.01 and a 52 week high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same quarter in the previous year, the company posted $0.18 EPS. On average, analysts forecast that Telefônica Brasil will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Telefônica Brasil by 6.3% in the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after acquiring an additional 72,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Telefônica Brasil by 49.0% in the third 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 acquiring an additional 385,207 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Telefônica Brasil by 308.7% in the second quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider’s stock valued at $2,166,000 after acquiring an additional 199,546 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Telefônica Brasil in the second quarter valued at approximately $842,000. Finally, Brandes Investment Partners LP lifted its stake in Telefônica Brasil by 14.3% in the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock valued at $18,261,000 after acquiring an additional 275,569 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

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.