Telefônica Brasil (NYSE:VIV) Downgraded by StockNews.com to "Buy"

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

Several other analysts have also issued reports on VIV. New Street Research lowered Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday. Scotiabank lifted their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a "sector perform" rating in a research report on Friday, September 20th. Finally, Barclays increased their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an "equal weight" rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.07.

Telefônica Brasil Stock Down 5.0 %

Shares of NYSE:VIV traded down $0.43 during midday trading on Thursday, hitting $8.25. The stock had a trading volume of 4,390,559 shares, compared to its average volume of 819,417. 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 business's 50-day simple moving average is $9.11 and its 200-day simple moving average is $9.06. Telefônica Brasil has a 12 month low of $8.01 and a 12 month high of $11.43. The company has a market cap of $13.72 billion, a P/E ratio of 13.52, a PEG ratio of 0.82 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced 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 the consensus estimate 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 last year, the firm posted $0.18 EPS. On average, sell-side analysts forecast that Telefônica Brasil will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new stake in Telefônica Brasil in the 1st quarter valued at about $236,000. QRG Capital Management Inc. bought a new stake in shares of Telefônica Brasil in the second quarter valued at approximately $83,000. Blue Trust Inc. grew its position in Telefônica Brasil by 2,821.8% during the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 3,104 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Telefônica Brasil by 25.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 230,212 shares of the Wireless communications provider's stock worth $1,890,000 after acquiring an additional 46,000 shares during the period. Finally, Summit Global Investments raised its holdings in Telefônica Brasil by 82.4% in the 2nd quarter. Summit Global Investments now owns 523,647 shares of the Wireless communications provider's stock valued at $4,299,000 after acquiring an additional 236,594 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.