Telefônica Brasil (NYSE:VIV) Raised to “Strong-Buy” at StockNews.com

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

VIV has been the topic of a number of other reports. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Scotiabank boosted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Finally, Barclays boosted their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Two 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.97.

Telefônica Brasil Trading Up 1.4 %

VIV traded up $0.12 on Wednesday, hitting $9.32. The company had a trading volume of 903,401 shares, compared to its average volume of 815,955. The firm has a market cap of $15.50 billion, a P/E ratio of 14.79, a PEG ratio of 0.91 and a beta of 0.81. Telefônica Brasil has a 1 year low of $8.02 and a 1 year high of $11.43. The company’s fifty day moving average price is $9.66 and its 200 day moving average price is $9.14. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same period in the previous year, the firm earned $0.18 EPS. As a group, equities analysts expect that Telefônica Brasil will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Telefônica Brasil

A number of institutional investors and hedge funds have recently made changes to their positions in VIV. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Telefônica Brasil by 2.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 184,212 shares of the Wireless communications provider’s stock worth $1,855,000 after buying an additional 4,000 shares in the last quarter. Norden Group LLC acquired a new stake in Telefônica Brasil in the first quarter valued at $292,000. Quantbot Technologies LP acquired a new stake in Telefônica Brasil in the first quarter valued at $325,000. US Bancorp DE raised its stake in Telefônica Brasil by 69.4% in the first quarter. US Bancorp DE now owns 40,700 shares of the Wireless communications provider’s stock valued at $410,000 after buying an additional 16,679 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of 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 purchasing an additional 1,625 shares in the last quarter. 5.16% of the stock is 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.