Telefônica Brasil (NYSE:VIV) Stock Rating Upgraded by 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 on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank lifted their target price 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. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Finally, Barclays increased their price objective on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Price Performance

NYSE VIV traded up $0.12 during trading hours on Wednesday, reaching $9.32. The company’s stock had a trading volume of 903,401 shares, compared to its average volume of 815,955. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 14.79, a P/E/G 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 has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 0.98. The company’s 50-day moving average is $9.66 and its two-hundred day moving average is $9.14.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business 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 7.53% and a net margin of 9.65%. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities analysts predict that Telefônica Brasil will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bleakley Financial Group LLC raised its holdings in shares of Telefônica Brasil by 5.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after acquiring an additional 1,080 shares during the period. Kathmere Capital Management LLC raised its holdings in shares of Telefônica Brasil by 4.1% during the 2nd quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after acquiring an additional 1,150 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Telefônica Brasil by 5.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after acquiring an additional 1,236 shares during the period. Gabelli Funds LLC raised its holdings in shares of Telefônica Brasil by 0.5% during the 1st quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock worth $3,323,000 after acquiring an additional 1,500 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Telefônica Brasil by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 1,558 shares during the period. Hedge funds and other 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.