Telefônica Brasil (NYSE:VIV) Stock Rating Lowered by StockNews.com

Telefônica Brasil (NYSE:VIV) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

Several other brokerages have also commented on VIV. Barclays raised their price objective on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday. Scotiabank raised their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and an average price target of $11.07.

Telefônica Brasil Stock Performance

Shares of VIV stock opened at $8.91 on Monday. The stock has a fifty day moving average of $9.47 and a 200 day moving average of $9.09. 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 $14.81 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.87 and a beta of 0.81. 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 announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, research analysts expect that Telefônica Brasil will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Telefônica Brasil

Several large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in Telefônica Brasil in the 3rd quarter worth about $5,967,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Telefônica Brasil in the 3rd quarter worth about $5,135,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Telefônica Brasil by 49.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after purchasing an additional 385,207 shares during the period. Brandes Investment Partners LP grew its stake in shares of Telefônica Brasil by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock valued at $18,261,000 after purchasing an additional 275,569 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Telefônica Brasil by 96.8% during the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock valued at $4,466,000 after purchasing an additional 267,652 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.