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 Friday morning.

A number of other equities research analysts have also recently commented on VIV. Scotiabank decreased their price target on 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. The Goldman Sachs Group decreased their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. Barclays upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $11.80 to $11.50 in a research note on Monday, March 3rd. Finally, New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.97.

Telefônica Brasil Price Performance

Shares of VIV stock opened at $8.53 on Friday. Telefônica Brasil has a twelve month low of $7.47 and a twelve month high of $10.63. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.84 and a beta of 0.76. The stock has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $8.93. 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 issued its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. On average, analysts predict that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Telefônica Brasil by 67.8% in the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 1,543 shares during the period. Allworth Financial LP grew its stake in shares of Telefônica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 1,933 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Telefônica Brasil in the fourth quarter valued at $37,000. Parvin Asset Management LLC acquired a new position in Telefônica Brasil during the 4th quarter worth $51,000. Finally, GeoWealth Management LLC grew its stake in Telefônica Brasil by 1,429.4% during the 4th quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider’s stock worth $64,000 after purchasing an additional 7,976 shares in the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

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.