Telefônica Brasil (NYSE:VIV) Rating Increased to Strong-Buy at StockNews.com

Telefônica Brasil (NYSE:VIV) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other analysts have also weighed in on VIV. Scotiabank cut their price objective on Telefônica Brasil from $20.80 to $18.40 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $23.60 to $23.00 in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of Telefônica Brasil from $9.20 to $10.30 and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.23.

Telefônica Brasil Stock Up 0.3 %

Shares of Telefônica Brasil stock opened at $9.61 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. Telefônica Brasil has a 1-year low of $7.47 and a 1-year high of $10.41. The business’s fifty day moving average price is $15.19 and its two-hundred day moving average price is $16.54. The company has a market capitalization of $15.88 billion, a P/E ratio of 15.25, a PEG ratio of 0.84 and a beta of 0.60.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. As a group, research analysts forecast that Telefônica Brasil will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VIV. GAMMA Investing LLC lifted its position in shares of Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares in the last quarter. Allworth Financial LP boosted its position in shares of Telefônica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 1,933 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of Telefônica Brasil by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 1,067 shares in the last quarter. R Squared Ltd acquired a new position in Telefônica Brasil during the fourth quarter valued at $37,000. Finally, Rhumbline Advisers lifted its stake in Telefônica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

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.