Telefônica Brasil (NYSE:VIV) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Telefônica Brasil (NYSE:VIVGet Rating) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.

VIV has been the subject of a number of other research reports. Citigroup started coverage on Telefônica Brasil in a research note on Monday, April 18th. They issued a neutral rating for the company. Scotiabank downgraded Telefônica Brasil from a sector outperform rating to a sector perform rating in a report on Thursday, April 7th. Finally, Zacks Investment Research raised Telefônica Brasil from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Wednesday, April 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Telefônica Brasil presently has a consensus rating of Hold and a consensus target price of $10.50.

VIV stock opened at $9.51 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.94. Telefônica Brasil has a 1 year low of $7.61 and a 1 year high of $11.78. The firm has a market cap of $15.95 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.43. The stock has a 50-day simple moving average of $10.70 and a 200-day simple moving average of $9.52.

Telefônica Brasil (NYSE:VIVGet Rating) last posted its earnings results on Tuesday, February 22nd. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. Telefônica Brasil had a return on equity of 7.37% and a net margin of 14.07%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. On average, equities research analysts predict that Telefônica Brasil will post 0.63 EPS for the current year.

The company also recently announced a dividend, which was paid on Tuesday, May 3rd. Shareholders of record on Tuesday, May 3rd were issued a dividend of $0.016 per share. The ex-dividend date was Monday, May 2nd. Telefônica Brasil’s dividend payout ratio is presently 36.76%.

Large investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC lifted its holdings in Telefônica Brasil by 52.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 3,438 shares of the Wireless communications provider’s stock worth $39,000 after buying an additional 1,184 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Telefônica Brasil by 86.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,151 shares of the Wireless communications provider’s stock worth $39,000 after buying an additional 2,387 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Telefônica Brasil by 38.0% in the 4th quarter. Quadrant Capital Group LLC now owns 5,931 shares of the Wireless communications provider’s stock worth $51,000 after purchasing an additional 1,633 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Telefônica Brasil in the 4th quarter worth approximately $90,000. Finally, National Asset Management Inc. bought a new stake in shares of Telefônica Brasil in the 1st quarter worth approximately $129,000. 7.61% of the stock is currently owned by institutional investors.

About Telefônica Brasil (Get Rating)

Telefônica Brasil SA, together with its subsidiaries, provides mobile and fixed telecommunications services to residential and corporate customers 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 services and wireless roaming services.

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