Telefônica Brasil (NYSE:VIV) Upgraded at StockNews.com

StockNews.com upgraded shares of Telefônica Brasil (NYSE:VIV) from a buy rating to a strong-buy rating in a research report report published on Thursday.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Scotiabank increased their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.97.

Telefônica Brasil Stock Up 1.2 %

VIV stock opened at $9.04 on Thursday. The company’s 50 day moving average is $9.60 and its two-hundred day moving average is $9.12. Telefônica Brasil has a twelve month low of $8.02 and a twelve month high of $11.43. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a market cap of $15.04 billion, a P/E ratio of 14.35, a PEG ratio of 0.89 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $0.18 earnings per share. Research analysts expect that Telefônica Brasil will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telefônica Brasil

A number of hedge funds and other institutional investors have recently bought and sold shares of VIV. Blue Trust Inc. lifted its stake in shares of Telefônica Brasil by 2,821.8% in the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 3,104 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new stake in Telefônica Brasil in the 2nd quarter valued at approximately $85,000. QRG Capital Management Inc. purchased a new position in shares of Telefônica Brasil during the 2nd quarter worth approximately $83,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telefônica Brasil in the 1st quarter valued at approximately $123,000. Finally, Aprio Wealth Management LLC purchased a new stake in shares of Telefônica Brasil in the third quarter valued at approximately $134,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

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.