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

Telefônica Brasil (NYSE:VIV) had its price target lifted by Barclays from $11.50 to $11.80 in a research report report published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the Wireless communications provider’s stock.

Several other analysts also recently weighed in on the company. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Scotiabank boosted their price target on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.07.

Telefônica Brasil Trading Down 2.7 %

Shares of NYSE:VIV opened at $8.66 on Monday. The business’s 50-day moving average is $9.44 and its 200 day moving average is $9.09. Telefônica Brasil has a 1 year low of $8.02 and a 1 year high of $11.43. The firm has a market capitalization of $14.41 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $0.18 EPS. On average, research analysts predict that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Telefônica Brasil

A number of hedge funds have recently modified their holdings of VIV. Blue Trust Inc. boosted its stake in shares of Telefônica Brasil by 2,821.8% in 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 during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Telefônica Brasil in the second quarter worth about $83,000. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Telefônica Brasil in the second quarter worth about $85,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Telefônica Brasil in the first quarter worth about $123,000. Finally, Aprio Wealth Management LLC purchased a new stake in shares of Telefônica Brasil in the third quarter worth about $134,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Company Profile

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.