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

StockNews.com upgraded shares of Telefônica Brasil (NYSE:VIV) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

Other equities analysts have also issued reports about the company. Barclays upped their target price 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. Morgan Stanley raised Telefônica Brasil from an equal weight rating to an overweight rating in a research report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $11.17.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $9.67 on Monday. The stock’s 50-day simple moving average is $9.09 and its 200 day simple moving average is $9.29. Telefônica Brasil has a twelve month low of $8.02 and a twelve month high of $11.43. The firm has a market capitalization of $16.08 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 0.97 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 earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.14 earnings per share. On average, analysts anticipate that Telefônica Brasil will post 0.61 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 27th were issued a $0.0379 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 27th. Telefônica Brasil’s payout ratio is currently 49.21%.

Institutional Trading of Telefônica Brasil

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Telefônica Brasil by 2,821.8% in the second 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 in the last quarter. QRG Capital Management Inc. purchased a new stake in Telefônica Brasil during the second quarter worth $83,000. Arkfeld Wealth Strategies L.L.C. purchased a new stake in Telefônica Brasil during the second quarter worth $85,000. B. Riley Wealth Advisors Inc. purchased a new stake in Telefônica Brasil during the first quarter worth $123,000. Finally, Personal CFO Solutions LLC purchased a new stake in Telefônica Brasil during the fourth quarter worth $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.