Telefônica Brasil (NYSE:VIV) Reaches New 52-Week High - Still a Buy?

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $10.51 and last traded at $10.41, with a volume of 561146 shares changing hands. The stock had previously closed at $10.35.

Wall Street Analysts Forecast Growth

VIV has been the topic of a number of analyst reports. Scotiabank lowered their price objective on Telefônica Brasil from $20.80 to $18.40 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Barclays raised Telefônica Brasil from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $23.60 to $23.00 in a report on Monday, March 3rd. Wall Street Zen raised Telefônica Brasil from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Finally, The Goldman Sachs Group increased their price objective on Telefônica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.23.

Telefônica Brasil Price Performance

The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72. The stock has a fifty day simple moving average of $10.84 and a 200-day simple moving average of $14.82. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $14.41 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. As a group, equities research analysts expect that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Institutional Trading of Telefônica Brasil

Institutional investors have recently modified their holdings of the company. Truist Financial Corp acquired a new stake in shares of Telefônica Brasil during the 4th quarter worth approximately $242,000. Raymond James Financial Inc. acquired a new stake in shares of Telefônica Brasil during the 4th quarter worth approximately $403,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telefônica Brasil during the 4th quarter worth approximately $237,000. Sei Investments Co. grew its holdings in shares of Telefônica Brasil by 67.6% during the 4th quarter. Sei Investments Co. now owns 912,148 shares of the Wireless communications provider's stock worth $6,887,000 after purchasing an additional 367,975 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Telefônica Brasil by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider's stock worth $15,690,000 after purchasing an additional 78,200 shares in the last quarter. 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.