StockNews.com Upgrades Telefônica Brasil (NYSE:VIV) to "Strong-Buy"

StockNews.com upgraded shares of Telefônica Brasil (NYSE:VIV - Free Report) from a buy rating to a strong-buy rating in a report issued on Tuesday.

VIV has been the topic of several other research reports. Barclays boosted their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an "equal weight" rating in a research report on Monday, November 25th. 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 research report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.07.

Telefônica Brasil Trading Up 2.6 %

Shares of VIV stock traded up $0.21 on Tuesday, reaching $8.42. The company had a trading volume of 228,058 shares, compared to its average volume of 800,646. The stock has a market cap of $14.01 billion, a PE ratio of 13.03, a PEG ratio of 0.79 and a beta of 0.78. The company has a 50-day moving average of $9.34 and a 200-day moving average of $9.08. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 12 month low of $8.01 and a 12 month high of $11.43.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its 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 firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations 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 EPS. On average, equities analysts forecast that Telefônica Brasil will post 0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Telefônica Brasil by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider's stock valued at $12,311,000 after buying an additional 72,388 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Telefônica Brasil in the first quarter valued at about $123,000. Cetera Advisors LLC acquired a new position in shares of Telefônica Brasil in the 1st quarter valued at approximately $236,000. Simplicity Wealth LLC lifted its stake in Telefônica Brasil by 22.2% during the second quarter. Simplicity Wealth LLC now owns 18,459 shares of the Wireless communications provider's stock worth $152,000 after purchasing an additional 3,358 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Telefônica Brasil during the 2nd quarter worth $83,000. 5.16% of the stock is 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.