Telefônica Brasil (NYSE:VIV) Cut to Buy at StockNews.com

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

A number of other equities analysts have also recently issued reports on VIV. Scotiabank upped their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Barclays upped their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.07.

Telefônica Brasil Stock Down 2.7 %

Shares of VIV opened at $8.66 on Monday. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The firm has a market cap of $14.41 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.90 and a beta of 0.81. The firm’s 50-day simple moving average is $9.41 and its 200 day simple moving average is $9.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, analysts forecast that Telefônica Brasil will post 0.6 earnings per share for the current year.

Institutional Trading of Telefônica Brasil

A number of large investors have recently added to or reduced their stakes in VIV. Blue Trust Inc. increased its stake 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 purchasing an additional 3,104 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Telefônica Brasil in the second quarter worth about $83,000. Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of Telefônica Brasil in the second quarter worth about $85,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Telefônica Brasil in the first quarter worth about $123,000. Finally, Aprio Wealth Management LLC purchased a new position in shares of Telefônica Brasil in the third quarter worth about $134,000. 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.