Telefônica Brasil (NYSE:VIV) Price Target Raised to $11.80 at Barclays

Telefônica Brasil (NYSE:VIV - Get Free Report) had its price objective hoisted by analysts at Barclays from $11.50 to $11.80 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the Wireless communications provider's stock. Barclays's price objective suggests a potential upside of 33.33% from the company's current price.

A number of other equities analysts also recently issued reports on VIV. StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 14th. Scotiabank increased their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a "sector perform" rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.07.

Telefônica Brasil Trading Up 1.1 %

VIV traded up $0.10 during midday trading on Monday, reaching $8.85. 564,828 shares of the company's stock traded hands, compared to its average volume of 801,242. Telefônica Brasil has a 52 week low of $8.02 and a 52 week high of $11.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The firm has a fifty day moving average of $9.52 and a two-hundred day moving average of $9.09. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 0.87 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its earnings results 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 the consensus estimate of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities analysts anticipate that Telefônica Brasil will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telefônica Brasil

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC grew its position in Telefônica Brasil by 5.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider's stock valued at $201,000 after purchasing an additional 1,080 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Telefônica Brasil by 3.5% during the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider's stock valued at $343,000 after buying an additional 1,136 shares during the last quarter. Kathmere Capital Management LLC increased its position in shares of Telefônica Brasil by 4.1% during the second quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider's stock valued at $237,000 after acquiring an additional 1,150 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Telefônica Brasil by 5.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider's stock worth $243,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Telefônica Brasil by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider's stock valued at $464,000 after acquiring an additional 1,558 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors.

About Telefônica Brasil

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.