Telefônica Brasil (NYSE:VIV) Rating Increased to Overweight at Barclays

Telefônica Brasil (NYSE:VIV - Get Free Report) was upgraded by Barclays from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a $11.50 target price on the Wireless communications provider's stock, down from their prior target price of $11.80. Barclays's price objective would suggest a potential upside of 40.93% from the stock's previous close.

Several other brokerages have also recently weighed in on VIV. Scotiabank reduced their price objective on Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating on the stock in a research note on Thursday. StockNews.com cut Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a report on Thursday. New Street Research lowered Telefônica Brasil from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered their price target on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.97.

Telefônica Brasil Trading Down 3.7 %

Shares of VIV opened at $8.16 on Monday. The stock has a market capitalization of $13.49 billion, a PE ratio of 12.95, a P/E/G ratio of 0.84 and a beta of 0.79. The company's fifty day moving average is $8.40 and its 200 day moving average is $8.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $11.10.

Telefônica Brasil (NYSE:VIV - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Sell-side analysts expect that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VIV. GAMMA Investing LLC raised its holdings in shares of Telefônica Brasil by 67.8% in the fourth 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 period. Allworth Financial LP grew its position 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 purchased a new stake in Telefônica Brasil in the fourth quarter worth $37,000. Parvin Asset Management LLC bought a new stake in shares of Telefônica Brasil during the fourth quarter worth $51,000. Finally, GeoWealth Management LLC boosted its stake in shares of Telefônica Brasil by 1,429.4% during the fourth 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 period. Hedge funds and other institutional investors own 5.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.