Telefônica Brasil (NYSE:VIV) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Telefônica Brasil (NYSE:VIV) from an equal weight rating to an overweight rating in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage currently has $11.50 price objective on the Wireless communications provider’s stock, down from their prior price objective of $11.80.

A number of other equities analysts also recently weighed in on VIV. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group reduced 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. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Scotiabank reduced their price target on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and an average price target of $9.97.

Telefônica Brasil Trading Up 1.7 %

NYSE:VIV opened at $8.31 on Monday. Telefônica Brasil has a twelve month low of $7.47 and a twelve month high of $10.82. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $8.96. The company has a market cap of $13.73 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.84 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last released its quarterly 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. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. As a group, analysts expect that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefônica Brasil

Several large investors have recently made changes to their positions in the stock. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Telefônica Brasil by 1.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 82,053 shares of the Wireless communications provider’s stock valued at $620,000 after buying an additional 1,086 shares during the last quarter. Quantinno Capital Management LP raised its stake in Telefônica Brasil by 3.5% in the 3rd quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock valued at $343,000 after acquiring an additional 1,136 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Telefônica Brasil by 5.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock valued at $243,000 after acquiring an additional 1,236 shares during the period. Summit Global Investments raised its stake in Telefônica Brasil by 1.1% in the 4th quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider’s stock valued at $1,041,000 after acquiring an additional 1,506 shares during the period. Finally, GAMMA Investing LLC raised its stake in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 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.