Telefônica Brasil (NYSE:VIV) Downgraded by New Street Research to Neutral

New Street Research lowered shares of Telefônica Brasil (NYSE:VIV) from a buy rating to a neutral rating in a research note published on Monday morning, Marketbeat reports.

Several other brokerages have also issued reports on VIV. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Scotiabank upped their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Finally, Barclays boosted their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.07.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $8.39 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil has a fifty-two week low of $8.01 and a fifty-two week high of $11.43. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.82 and a beta of 0.78. The stock has a fifty day moving average price of $9.18 and a 200-day moving average price of $9.06.

Telefônica Brasil (NYSE:VIV) last issued its earnings results 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 company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period in the previous year, the company earned $0.18 EPS. As a group, equities analysts anticipate that Telefônica Brasil will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefônica Brasil

A number of institutional investors have recently made changes to their positions in the stock. Bleakley Financial Group LLC boosted its holdings in Telefônica Brasil by 5.9% in the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock valued at $201,000 after acquiring an additional 1,080 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Telefônica Brasil by 3.5% in the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock valued at $343,000 after buying an additional 1,136 shares during the period. Kathmere Capital Management LLC grew its holdings in Telefônica Brasil by 4.1% during the 2nd quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after acquiring an additional 1,150 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Telefônica Brasil by 5.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Telefônica Brasil by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock valued at $464,000 after purchasing an additional 1,558 shares in the last quarter. 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.