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

Telefônica Brasil (NYSE:VIV) had its target price hoisted by equities researchers at Barclays from $11.50 to $11.80 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the Wireless communications provider’s stock. Barclays‘s price target points to a potential upside of 32.51% from the stock’s current price.

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

Telefônica Brasil Stock Up 0.6 %

Telefônica Brasil stock opened at $8.91 on Monday. Telefônica Brasil has a twelve month low of $8.02 and a twelve month high of $11.43. The stock has a 50 day moving average of $9.47 and a two-hundred day moving average of $9.09. 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 capitalization of $14.81 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.87 and a beta of 0.81.

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

Hedge Funds Weigh In On Telefônica Brasil

Several hedge funds have recently bought and sold shares of VIV. Vanguard Group Inc. increased its stake in Telefônica Brasil by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after purchasing an additional 72,388 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Telefônica Brasil during the first quarter worth $123,000. Cetera Advisors LLC purchased a new position in Telefônica Brasil during the first quarter worth $236,000. Arkfeld Wealth Strategies L.L.C. purchased a new position in Telefônica Brasil during the second quarter worth $85,000. Finally, Simplicity Wealth LLC increased its position in Telefônica Brasil by 22.2% during the second quarter. Simplicity Wealth LLC now owns 18,459 shares of the Wireless communications provider’s stock worth $152,000 after buying an additional 3,358 shares in the last quarter. 5.16% of the stock is 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.