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 Thursday morning.

Other equities research analysts have also issued research reports about the stock. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Scotiabank increased their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Finally, Barclays boosted their price target on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.07.

Telefônica Brasil Trading Down 1.2 %

Shares of VIV stock opened at $8.15 on Thursday. The business has a 50-day moving average of $9.04 and a 200 day moving average of $9.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. Telefônica Brasil has a 1-year low of $8.01 and a 1-year high of $11.43. The stock has a market capitalization of $13.56 billion, a PE ratio of 12.94, a P/E/G ratio of 0.78 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. 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 company posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Telefônica Brasil will post 0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in shares of 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 valued at $26,000 after purchasing an additional 3,104 shares during the period. QRG Capital Management Inc. purchased a new position in Telefônica Brasil during the second quarter valued at $83,000. Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil during the 3rd quarter valued at $134,000. First Affirmative Financial Network purchased a new stake in shares of Telefônica Brasil in the 3rd quarter worth about $160,000. Finally, Squarepoint Ops LLC bought a new position in shares of Telefônica Brasil in the 2nd quarter worth about $165,000. 5.16% of the stock is currently owned by institutional investors.

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.