Telefônica Brasil (NYSE:VIV - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.
A number of other brokerages have also weighed in on VIV. New Street Research lowered shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. The Goldman Sachs Group reduced their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a research note on Thursday, December 19th. Scotiabank reduced their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Finally, Barclays upgraded shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.97.
Check Out Our Latest Analysis on VIV
Telefônica Brasil Trading Up 1.0 %
Shares of VIV traded up $0.09 during trading hours on Friday, reaching $8.53. The stock had a trading volume of 473,295 shares, compared to its average volume of 867,711. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 52 week low of $7.47 and a 52 week high of $10.63. The firm has a 50-day moving average of $8.46 and a 200 day moving average of $8.93. The company has a market cap of $14.09 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.84 and a beta of 0.76.
Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. On average, sell-side analysts expect that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Telefônica Brasil
A number of large investors have recently modified their holdings of VIV. GAMMA Investing LLC boosted its stake in shares of Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider's stock worth $29,000 after buying an additional 1,543 shares during the last quarter. Allworth Financial LP lifted its stake 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 purchasing an additional 1,933 shares during the last quarter. R Squared Ltd acquired a new stake in Telefônica Brasil in the 4th quarter valued at about $37,000. Parvin Asset Management LLC acquired a new stake in Telefônica Brasil in the 4th quarter valued at about $51,000. Finally, GeoWealth Management LLC lifted its stake 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 purchasing an additional 7,976 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.
About Telefônica Brasil
(
Get Free Report)
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.
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