Telefônica Brasil (NYSE:VIV) Rating Lowered to Buy at StockNews.com

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

VIV has been the topic of several other reports. Scotiabank lowered their price target on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered their price target on 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 downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Barclays raised their price target on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and an average price target of $10.07.

Telefônica Brasil Stock Performance

Shares of NYSE VIV opened at $8.16 on Thursday. The stock has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $8.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The firm has a market cap of $13.49 billion, a P/E ratio of 12.95, a PEG ratio of 0.84 and a beta of 0.79. Telefônica Brasil has a 1 year low of $7.47 and a 1 year high of $11.10.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. Research analysts forecast that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefônica Brasil

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 1,543 shares in the last quarter. Allworth Financial LP lifted its stake in Telefônica Brasil by 86.4% during the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,933 shares during the period. R Squared Ltd bought a new position in Telefônica Brasil during the fourth quarter worth about $37,000. Blue Trust Inc. lifted its stake in Telefônica Brasil by 87.5% during the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after purchasing an additional 2,812 shares during the period. Finally, Parvin Asset Management LLC bought a new position in Telefônica Brasil during the fourth quarter worth about $51,000. 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.