Telefônica Brasil (NYSE:VIV) Rating Increased to Strong-Buy at StockNews.com

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

VIV has been the subject of several other research reports. Scotiabank lifted their price target on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Barclays raised their target price on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.97.

Telefônica Brasil Price Performance

NYSE VIV opened at $9.04 on Thursday. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The firm’s 50-day simple moving average is $9.62 and its two-hundred day simple moving average is $9.13. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $15.04 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.89 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company earned $0.18 earnings per share. Research analysts predict that Telefônica Brasil will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Telefônica Brasil

Several institutional investors have recently modified their holdings of VIV. O Shaughnessy Asset Management LLC grew its position in shares of Telefônica Brasil by 20.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 399,318 shares of the Wireless communications provider’s stock valued at $4,021,000 after acquiring an additional 67,414 shares during the period. Vanguard Group Inc. raised its stake in Telefônica Brasil by 6.3% during 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 purchasing an additional 72,388 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Telefônica Brasil in the 1st quarter valued at about $650,000. Frank Rimerman Advisors LLC bought a new stake in Telefônica Brasil during the second quarter worth approximately $842,000. Finally, Brandes Investment Partners LP raised its position in Telefônica Brasil by 14.3% during 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 purchasing an additional 275,569 shares during the period. 5.16% of the stock is owned by hedge funds and other 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.