Telefonica Brasil (NYSE:VIV) Price Target Raised to $12.50 at Barclays

Telefonica Brasil (NYSE:VIV) had its target price boosted by Barclays from $11.50 to $12.50 in a report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the Wireless communications provider’s stock.

VIV has been the topic of a number of other reports. Wall Street Zen downgraded shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. The Goldman Sachs Group lifted their price objective on shares of Telefonica Brasil from $9.20 to $10.30 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.73.

Telefonica Brasil Stock Performance

NYSE:VIV opened at $11.12 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a market capitalization of $18.37 billion, a P/E ratio of 18.22, a PEG ratio of 0.89 and a beta of 0.75. The company has a 50 day moving average price of $10.55 and a 200 day moving average price of $14.04. Telefonica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $11.96.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Telefonica Brasil had a return on equity of 8.09% and a net margin of 10.07%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $14.41 billion. Equities research analysts forecast that Telefonica Brasil will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VIV. Bank of New York Mellon Corp acquired a new position in shares of Telefonica Brasil in the fourth quarter worth approximately $81,000. Raymond James Financial Inc. acquired a new position in Telefonica Brasil in the fourth quarter valued at approximately $403,000. Natixis Advisors LLC lifted its stake in Telefonica Brasil by 3.2% in the fourth quarter. Natixis Advisors LLC now owns 88,571 shares of the Wireless communications provider’s stock valued at $669,000 after buying an additional 2,784 shares during the period. Summit Global Investments lifted its stake in Telefonica Brasil by 1.1% in the fourth quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider’s stock valued at $1,041,000 after buying an additional 1,506 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Telefonica Brasil by 164.1% in the fourth quarter. Quantbot Technologies LP now owns 67,600 shares of the Wireless communications provider’s stock valued at $510,000 after buying an additional 42,001 shares during the period. Institutional investors own 5.16% of the company’s stock.

Telefonica 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.