Telefônica Brasil (NYSE:VIV) Upgraded 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 note issued on Thursday.

VIV has been the topic of a number of other research reports. Barclays boosted their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Scotiabank boosted their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Trading Down 0.7 %

VIV stock traded down $0.06 during midday trading on Thursday, reaching $8.94. The company’s stock had a trading volume of 632,687 shares, compared to its average volume of 808,212. Telefônica Brasil has a 1 year low of $8.02 and a 1 year high of $11.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The stock has a fifty day simple moving average of $9.64 and a two-hundred day simple moving average of $9.13. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.90 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same period last year, the business posted $0.18 earnings per share. On average, equities research analysts predict that Telefônica Brasil will post 0.61 EPS for the current year.

Institutional Trading of Telefônica Brasil

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brandes Investment Partners LP grew its holdings in Telefônica Brasil by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after buying an additional 275,569 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Telefônica Brasil by 12.1% in the second quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider’s stock worth $15,014,000 after buying an additional 197,500 shares during the period. Vanguard Group Inc. grew its stake in Telefônica Brasil by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after acquiring an additional 72,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Telefônica Brasil by 49.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after acquiring an additional 385,207 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Telefônica Brasil by 12.9% during the 2nd quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock valued at $5,830,000 after acquiring an additional 81,229 shares in the last quarter. 5.16% of the stock is owned by institutional investors.

About Telefônica Brasil

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.