Telefônica Brasil (NYSE:VIV) Upgraded at Barclays

Barclays upgraded shares of Telefônica Brasil (NYSE:VIV) from an equal weight rating to an overweight rating in a research report released on Monday, MarketBeat reports. Barclays currently has $11.50 price target on the Wireless communications provider’s stock, down from their previous price target of $11.80.

Other analysts have also issued reports about the stock. StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group lowered 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 note on Thursday, December 19th. Scotiabank lowered their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Finally, New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus price target of $9.97.

Telefônica Brasil Price Performance

NYSE VIV opened at $8.39 on Monday. Telefônica Brasil has a 12 month low of $7.47 and a 12 month high of $10.63. The stock has a market cap of $13.86 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.84 and a beta of 0.76. The company’s 50 day moving average is $8.43 and its two-hundred day moving average is $8.95. 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 (NYSE:VIV) last released its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. As a group, research analysts anticipate that Telefônica Brasil will post 0.6 earnings per share for the current year.

Institutional Trading of Telefônica Brasil

A number of hedge funds have recently added to or reduced their stakes in VIV. QRG Capital Management Inc. lifted its stake in Telefônica Brasil by 30.2% in the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after acquiring an additional 3,039 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Telefônica Brasil by 5.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after purchasing an additional 1,236 shares in the last quarter. Natixis Advisors LLC raised its holdings in Telefônica Brasil by 2.8% in the third quarter. Natixis Advisors LLC now owns 85,787 shares of the Wireless communications provider’s stock worth $881,000 after purchasing an additional 2,304 shares in the last quarter. Caprock Group LLC raised its holdings in Telefônica Brasil by 37.7% in the third quarter. Caprock Group LLC now owns 71,738 shares of the Wireless communications provider’s stock worth $737,000 after purchasing an additional 19,628 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Telefônica Brasil in the third quarter worth about $198,000. 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.