Telefônica Brasil (NYSE:VIV) Downgraded to Buy Rating by StockNews.com

Telefônica Brasil (NYSE:VIV - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Tuesday.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Telefônica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Scotiabank cut their target price on shares of Telefônica Brasil from $20.80 to $18.40 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Finally, Barclays upgraded Telefônica Brasil from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $23.60 to $23.00 in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Telefônica Brasil has a consensus rating of "Moderate Buy" and a consensus price target of $17.23.

Telefônica Brasil Price Performance

VIV opened at $9.75 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil has a 1-year low of $7.47 and a 1-year high of $10.41. The company has a 50-day moving average of $13.66 and a 200-day moving average of $15.83. The company has a market capitalization of $16.11 billion, a P/E ratio of 15.48, a PEG ratio of 0.84 and a beta of 0.73.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 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 $2.53 billion for the quarter, compared to the consensus estimate of $14.41 billion. Equities analysts expect that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefônica Brasil

Several large investors have recently added to or reduced their stakes in VIV. SBI Securities Co. Ltd. raised its stake in shares of Telefônica Brasil by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 1,067 shares in the last quarter. Allworth Financial LP raised its position in shares of Telefônica Brasil by 86.4% during the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock worth $31,000 after buying an additional 1,933 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Telefônica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 3,266 shares during the period. SVB Wealth LLC bought a new position in shares of Telefônica Brasil in the first quarter valued at approximately $41,000. Finally, R Squared Ltd acquired a new position in shares of Telefônica Brasil during the fourth quarter valued at approximately $37,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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