Telefônica Brasil (NYSE:VIV) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Telefônica Brasil (NYSE:VIV) from a strong-buy rating to a buy rating in a research report released on Thursday morning.

A number of other equities analysts have also weighed in on VIV. Barclays boosted their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Scotiabank raised their target price on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.07.

Telefônica Brasil Stock Performance

Shares of VIV opened at $8.25 on Thursday. Telefônica Brasil has a 52 week low of $8.01 and a 52 week high of $11.43. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market cap of $13.72 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.84 and a beta of 0.78. The business’s 50 day moving average price is $9.08 and its 200-day moving average price is $9.05.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same quarter in the previous year, the business posted $0.18 EPS. Equities research analysts anticipate that Telefônica Brasil will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

A number of institutional investors and hedge funds have recently bought and sold shares of VIV. Blue Trust Inc. increased its holdings 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 during the last quarter. QRG Capital Management Inc. bought a new stake in Telefônica Brasil in the 2nd quarter worth approximately $83,000. Aprio Wealth Management LLC bought a new position in shares of Telefônica Brasil during the 3rd quarter valued at approximately $134,000. First Affirmative Financial Network bought a new stake in Telefônica Brasil in the third quarter worth $160,000. Finally, Squarepoint Ops LLC bought a new position in Telefônica Brasil during the second quarter valued at $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.