Telefônica Brasil (NYSE:VIV) Lifted to Strong-Buy 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.

VIV has been the topic of several other reports. Morgan Stanley upgraded Telefônica Brasil from an equal weight rating to an overweight rating in a research report on Thursday, July 11th. Barclays raised their price target on Telefônica Brasil from $11.00 to $11.50 and gave the company an equal weight rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $11.17.

Telefônica Brasil Stock Up 1.5 %

Telefônica Brasil stock opened at $9.19 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. Telefônica Brasil has a one year low of $8.02 and a one year high of $11.43. The company has a 50-day simple moving average of $8.54 and a 200-day simple moving average of $9.47. The firm has a market capitalization of $15.29 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.82 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business posted $0.14 EPS. As a group, equities analysts expect that Telefônica Brasil will post 0.63 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The company also recently declared a — dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, January 1st were paid a dividend of $0.0617 per share. This is a positive change from Telefônica Brasil’s previous — dividend of $0.02. This represents a yield of 3.3%. The ex-dividend date was Monday, July 29th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 47.62%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Gabelli Funds LLC boosted its position in shares of Telefônica Brasil by 0.5% during the 1st quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock valued at $3,323,000 after purchasing an additional 1,500 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Telefônica Brasil by 11.9% during the first quarter. Bleakley Financial Group LLC now owns 15,264 shares of the Wireless communications provider’s stock valued at $154,000 after purchasing an additional 1,625 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in Telefônica Brasil by 3.1% during the first quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock worth $763,000 after buying an additional 2,292 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Telefônica Brasil by 5.0% during the second quarter. V Square Quantitative Management LLC now owns 50,378 shares of the Wireless communications provider’s stock worth $415,000 after buying an additional 2,382 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its holdings in shares of Telefônica Brasil by 21.8% in the first quarter. Aprio Wealth Management LLC now owns 15,953 shares of the Wireless communications provider’s stock valued at $161,000 after buying an additional 2,853 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

About Telefônica Brasil

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.