Telefônica Brasil (NYSE:VIV) Rating Increased 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 report issued on Thursday morning.

Other research analysts have also recently issued research reports about the stock. Scotiabank upped their price target 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. The Goldman Sachs Group lowered their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Barclays raised their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.47.

Telefônica Brasil Stock Performance

Shares of VIV opened at $7.76 on Thursday. Telefônica Brasil has a 52-week low of $7.47 and a 52-week high of $11.43. The stock’s 50-day simple moving average is $8.39 and its 200 day simple moving average is $8.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period last year, the business earned $0.18 earnings per share. Research analysts forecast that Telefônica Brasil will post 0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Telefônica Brasil

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Telefônica Brasil by 67.8% in the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 1,543 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Telefônica Brasil by 50.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,518 shares of the Wireless communications provider’s stock valued at $652,000 after purchasing an additional 21,235 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of Telefônica Brasil by 3.1% during the 3rd quarter. DGS Capital Management LLC now owns 65,781 shares of the Wireless communications provider’s stock valued at $676,000 after purchasing an additional 1,984 shares during the last quarter. Franklin Resources Inc. raised its position in Telefônica Brasil by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 47,321 shares of the Wireless communications provider’s stock worth $450,000 after purchasing an additional 2,511 shares during the period. Finally, M&T Bank Corp lifted its stake in Telefônica Brasil by 10.4% in the third quarter. M&T Bank Corp now owns 40,462 shares of the Wireless communications provider’s stock worth $416,000 after purchasing an additional 3,820 shares during the last quarter. 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.