Telefonica Brasil (NYSE:VIV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Telefonica Brasil (NYSE:VIV) from a buy rating to a strong-buy rating in a report issued on Sunday.

Several other equities research analysts also recently commented on the stock. Barclays reaffirmed an “overweight” rating and set a $14.50 price objective on shares of Telefonica Brasil in a report on Monday, November 3rd. Bank of America assumed coverage on shares of Telefonica Brasil in a research note on Thursday, December 11th. They set an “underperform” rating and a $14.00 price target on the stock. Morgan Stanley set a $12.00 price objective on shares of Telefonica Brasil in a report on Wednesday, October 8th. Finally, Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.12.

Telefonica Brasil Price Performance

Shares of NYSE VIV opened at $12.05 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $12.44 and a two-hundred day simple moving average of $12.20. Telefonica Brasil has a 1-year low of $7.69 and a 1-year high of $13.31. The firm has a market cap of $19.59 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.75 and a beta of 0.70.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.81 billion for the quarter. Telefonica Brasil had a return on equity of 8.67% and a net margin of 10.37%. Analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 3,266 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Telefonica Brasil in the 1st quarter worth about $52,000. EverSource Wealth Advisors LLC raised its holdings in shares of Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 3,248 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Telefonica Brasil by 543.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider’s stock valued at $56,000 after acquiring an additional 4,154 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Telefonica Brasil by 45.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 1,619 shares in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.