Telefônica Brasil (NYSE:VIV) Upgraded at StockNews.com

StockNews.com upgraded shares of Telefônica Brasil (NYSE:VIV) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.

A number of other equities research analysts have also weighed in on the company. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays boosted their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. The Goldman Sachs Group dropped their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Scotiabank boosted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.47.

Telefônica Brasil Trading Down 1.5 %

NYSE:VIV opened at $7.76 on Thursday. The firm has a market capitalization of $12.91 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.78 and a beta of 0.78. 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 fifty day moving average of $8.39 and a 200 day moving average of $8.97. Telefônica Brasil has a 52 week low of $7.47 and a 52 week high of $11.43.

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

Institutional Trading of Telefônica Brasil

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in Telefônica Brasil during the 3rd quarter valued at about $5,967,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Telefônica Brasil during the third quarter valued at approximately $5,135,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Telefônica Brasil by 49.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after purchasing an additional 385,207 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of Telefônica Brasil by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after buying an additional 275,569 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Telefônica Brasil by 96.8% in the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock worth $4,466,000 after buying an additional 267,652 shares during the last quarter. 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.