New Street Research Upgrades Telefonica Brasil (NYSE:VIV) to Buy

Key Points

• New Street Research upgraded Telefonica Brasil (VIV) from "neutral" to "buy", though the overall analyst consensus remains "Hold" with a $13.98 price target.
• The stock opened at $15.87 (12‑month range $8.19–$16.95), trading above the consensus target, with a market cap of $25.8 billion, a P/E of 22.66 and a PEG of 0.71.
• In the latest quarter VIV reported EPS $0.21 on $2.83 billion revenue; analysts project about 0.6 EPS for the current year, with a 10.42% net margin and 9.15% ROE.

Telefonica Brasil (NYSE:VIV - Get Free Report) was upgraded by analysts at New Street Research from a "neutral" rating to a "buy" rating in a report issued on Tuesday,Finviz reports.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Telefonica Brasil from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Barclays cut Telefonica Brasil from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $14.50 to $16.00 in a research note on Thursday, March 12th. Scotiabank boosted their target price on Telefonica Brasil from $12.50 to $15.30 and gave the company a "sector perform" rating in a research note on Monday, March 30th. Bank of America assumed coverage on Telefonica Brasil in a research note on Thursday, December 11th. They issued an "underperform" rating and a $14.00 target price for the company. Finally, Weiss Ratings raised Telefonica Brasil from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.98.

Telefonica Brasil Stock Performance

VIV opened at $15.87 on Tuesday. Telefonica Brasil has a 12-month low of $8.19 and a 12-month high of $16.95. The firm has a market capitalization of $25.81 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 0.71 and a beta of 0.70. The stock's 50 day moving average price is $15.59 and its two-hundred day moving average price is $13.55. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.21 earnings per share for the quarter. The company had revenue of $2.83 billion for the quarter. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%. On average, equities analysts forecast that Telefonica Brasil will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Telefonica Brasil

A number of large investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. lifted its stake in shares of Telefonica Brasil by 11.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,000,115 shares of the Wireless communications provider's stock valued at $216,751,000 after acquiring an additional 1,735,958 shares during the last quarter. Invesco Ltd. grew its stake in shares of Telefonica Brasil by 138.8% in the 3rd quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider's stock valued at $36,422,000 after buying an additional 1,660,475 shares during the period. Jane Street Group LLC acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at about $4,192,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Telefonica Brasil in the 4th quarter valued at about $4,211,000. Finally, Carrera Capital Advisors boosted its stake in Telefonica Brasil by 2,420.5% during the 3rd quarter. Carrera Capital Advisors now owns 344,055 shares of the Wireless communications provider's stock valued at $4,387,000 after purchasing an additional 330,405 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company's stock.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil's largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company's core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.

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