Telefônica Brasil (NYSE:VIV) Raised 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 report published on Thursday morning.

VIV has been the topic of several other reports. Scotiabank boosted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Barclays increased their target price on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Stock Performance

Shares of VIV opened at $9.04 on Thursday. Telefônica Brasil has a 52-week low of $8.02 and a 52-week high of $11.43. The firm has a market capitalization of $15.04 billion, a PE ratio of 14.35, a P/E/G ratio of 0.89 and a beta of 0.81. The firm has a 50-day moving average price of $9.60 and a 200 day moving average price of $9.12. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data 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. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $0.18 earnings per share. On average, sell-side analysts anticipate that Telefônica Brasil will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Telefônica Brasil during the first quarter valued at approximately $325,000. US Bancorp DE grew its holdings in shares of Telefônica Brasil by 69.4% during the first quarter. US Bancorp DE now owns 40,700 shares of the Wireless communications provider’s stock valued at $410,000 after buying an additional 16,679 shares in the last quarter. Bleakley Financial Group LLC raised its position 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 buying an additional 1,625 shares during the period. Vanguard Group Inc. lifted its stake in Telefônica Brasil by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock worth $12,311,000 after acquiring an additional 72,388 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Telefônica Brasil during the 1st quarter worth about $650,000. Institutional investors and hedge funds 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.