Telefônica Brasil (NYSE:VIV) Upgraded 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 sent to investors on Tuesday.

Several other analysts have also issued reports on VIV. Scotiabank upped 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. Barclays raised their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. Two 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.07.

Telefônica Brasil Price Performance

VIV opened at $8.47 on Tuesday. The stock has a market capitalization of $14.09 billion, a P/E ratio of 13.44, a PEG ratio of 0.79 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 12-month low of $8.01 and a 12-month high of $11.43. The stock has a 50-day moving average price of $9.31 and a 200-day moving average price of $9.08.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.18 earnings per share. Equities analysts predict that Telefônica Brasil will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

Several large investors have recently modified their holdings of VIV. Blue Trust Inc. lifted its holdings in Telefônica Brasil by 2,821.8% in the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 3,104 shares during the period. QRG Capital Management Inc. bought a new position in shares of Telefônica Brasil during the second quarter valued at approximately $83,000. B. Riley Wealth Advisors Inc. purchased a new stake in Telefônica Brasil in the first quarter worth $123,000. Aprio Wealth Management LLC bought a new stake in Telefônica Brasil in the third quarter valued at $134,000. Finally, First Affirmative Financial Network purchased a new position in Telefônica Brasil during the 3rd quarter valued at $160,000. 5.16% of the stock is owned by 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.