Telefônica Brasil (NYSE:VIV) Upgraded 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 research report sent to investors on Friday morning.

A number of other research firms have also recently commented on VIV. Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $11.80 to $11.50 in a report on Monday, March 3rd. The Goldman Sachs Group dropped their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Scotiabank dropped their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Finally, New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and an average price target of $9.97.

Telefônica Brasil Trading Up 1.0 %

NYSE:VIV opened at $8.53 on Friday. The company’s 50 day moving average price is $8.46 and its 200-day moving average price is $8.94. Telefônica Brasil has a 52 week low of $7.47 and a 52 week high of $10.63. 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 $14.09 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.84 and a beta of 0.76.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. On average, equities research analysts forecast that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

Several institutional investors and hedge funds have recently modified their holdings of VIV. GAMMA Investing LLC increased its holdings in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares during the last quarter. Allworth Financial LP increased its holdings in Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 1,933 shares during the last quarter. R Squared Ltd bought a new stake in Telefônica Brasil in the 4th quarter valued at $37,000. Parvin Asset Management LLC bought a new stake in Telefônica Brasil in the 4th quarter valued at $51,000. Finally, GeoWealth Management LLC increased its holdings in Telefônica Brasil by 1,429.4% in the 4th quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 7,976 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.