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

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

VIV has been the subject of several other research reports. Barclays increased their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Scotiabank increased their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Finally, Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.98.

Telefônica Brasil Price Performance

Telefônica Brasil stock opened at $10.08 on Wednesday. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The company’s 50 day moving average price is $9.34 and its two-hundred day moving average price is $9.23. The stock has a market cap of $16.76 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.00 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. During the same period last year, the company posted $0.14 earnings per share. On average, equities analysts predict that Telefônica Brasil will post 0.61 earnings per share for the current year.

Institutional Trading of Telefônica Brasil

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in Telefônica Brasil by 2,821.8% in the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 3,104 shares during the period. Arkfeld Wealth Strategies L.L.C. bought a new position in shares of Telefônica Brasil in the second quarter worth $85,000. QRG Capital Management Inc. bought a new position in shares of Telefônica Brasil in the second quarter worth $83,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Telefônica Brasil in the first quarter valued at $123,000. Finally, Personal CFO Solutions LLC bought a new stake in shares of Telefônica Brasil during the 4th quarter valued at $136,000. 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.