Telefônica Brasil (NYSE:VIV) Raised to “Strong-Buy” at StockNews.com

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

A number of other research analysts have also recently issued reports on VIV. Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $11.80 to $11.50 in a research note on Monday. The Goldman Sachs Group reduced their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Scotiabank lowered their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.97.

Telefônica Brasil Price Performance

Telefônica Brasil stock opened at $8.43 on Friday. The business has a 50 day simple moving average of $8.44 and a 200 day simple moving average of $8.94. Telefônica Brasil has a one year low of $7.47 and a one year high of $10.63. The company has a market capitalization of $13.92 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. On average, sell-side analysts forecast that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefônica Brasil

A number of institutional investors have recently modified their holdings of VIV. GAMMA Investing LLC grew its position in Telefônica Brasil by 67.8% in the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 1,543 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 1,933 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Telefônica Brasil in the fourth quarter valued at about $37,000. Parvin Asset Management LLC bought a new stake in Telefônica Brasil during the fourth quarter worth about $51,000. Finally, GeoWealth Management LLC boosted its position in Telefônica Brasil by 1,429.4% during the fourth quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 7,976 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors.

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.