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

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

A number of other equities research analysts also recently issued reports on VIV. Scotiabank increased their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Barclays raised their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and an average target price of $11.07.

Telefônica Brasil Price Performance

NYSE VIV opened at $8.91 on Monday. The company has a market cap of $14.81 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.87 and a beta of 0.81. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $9.47 and its two-hundred day simple moving average is $9.09.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. Research analysts predict that Telefônica Brasil will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Telefônica Brasil by 6.3% in the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock worth $12,311,000 after purchasing an additional 72,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Telefônica Brasil by 49.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after purchasing an additional 385,207 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Telefônica Brasil by 308.7% in the second quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider’s stock worth $2,166,000 after purchasing an additional 199,546 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Telefônica Brasil in the second quarter worth $842,000. Finally, Brandes Investment Partners LP lifted its stake in Telefônica Brasil by 14.3% in the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after acquiring an additional 275,569 shares during the period. 5.16% of the stock is currently owned by institutional investors.

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.