Telefônica Brasil (NYSE:VIV) Upgraded at Morgan Stanley

Telefônica Brasil (NYSE:VIVGet Free Report) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

Separately, Barclays decreased their price objective on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus price target of $11.35.

Get Our Latest Report on Telefônica Brasil

Telefônica Brasil Stock Up 2.0 %

Shares of Telefônica Brasil stock opened at $8.74 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 0.21. Telefônica Brasil has a 12 month low of $8.02 and a 12 month high of $11.43. The business has a fifty day simple moving average of $8.65 and a 200 day simple moving average of $9.73. The stock has a market cap of $14.54 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.70 and a beta of 0.79.

Telefônica Brasil (NYSE:VIVGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The Wireless communications provider reported $0.11 EPS for the quarter. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Research analysts predict that Telefônica Brasil will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BSW Wealth Partners lifted its holdings in shares of Telefônica Brasil by 6.3% in the fourth quarter. BSW Wealth Partners now owns 17,889 shares of the Wireless communications provider’s stock valued at $196,000 after purchasing an additional 1,062 shares in the last quarter. Gabelli Funds LLC raised its holdings in Telefônica Brasil by 0.5% during the first quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock worth $3,323,000 after acquiring an additional 1,500 shares in the last quarter. Bleakley Financial Group LLC raised its holdings 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 worth $154,000 after acquiring an additional 1,625 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in Telefônica Brasil by 3.1% during the first quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock worth $763,000 after acquiring an additional 2,292 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its holdings in Telefônica Brasil by 21.8% during the first quarter. Aprio Wealth Management LLC now owns 15,953 shares of the Wireless communications provider’s stock worth $161,000 after acquiring an additional 2,853 shares in the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Company Profile

(Get Free Report)

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.

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