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

Telefônica Brasil (NYSE:VIV) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

VIV has been the subject of a number of other research reports. The Goldman Sachs Group decreased 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 report on Thursday, December 19th. New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Scotiabank decreased their price objective on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Finally, Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $11.80 to $11.50 in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.97.

Telefônica Brasil Price Performance

NYSE:VIV opened at $8.53 on Friday. The business has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $8.93. Telefônica Brasil has a 1 year low of $7.47 and a 1 year high of $10.63. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.84 and a beta of 0.76. 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 released its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. Equities analysts forecast that Telefônica Brasil will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Telefônica Brasil

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,543 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Telefônica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 1,933 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Telefônica Brasil during the fourth quarter worth about $37,000. Parvin Asset Management LLC purchased a new position in shares of Telefônica Brasil during the fourth quarter worth about $51,000. Finally, GeoWealth Management LLC increased its position 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 acquiring an additional 7,976 shares during the period. Institutional investors and hedge funds 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.