Telefônica Brasil (NYSE:VIV – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.
Several other analysts have also commented on the company. Barclays boosted their price target on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Telefônica Brasil has a consensus rating of “Moderate Buy” and a consensus target price of $11.17.
View Our Latest Research Report on VIV
Telefônica Brasil Trading Up 1.2 %
Telefônica Brasil (NYSE:VIV – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 3,104 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Telefônica Brasil during the second quarter worth $83,000. Arkfeld Wealth Strategies L.L.C. bought a new stake in Telefônica Brasil in the second quarter valued at about $85,000. B. Riley Wealth Advisors Inc. acquired a new position in Telefônica Brasil in the first quarter valued at about $123,000. Finally, Personal CFO Solutions LLC acquired a new position in Telefônica Brasil in the fourth quarter valued at about $136,000. 5.16% of the stock is currently 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.
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