Telefonica Brasil (NYSE:VIV) Reaches New 1-Year High - Should You Buy?

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $11.03 and last traded at $10.99, with a volume of 213986 shares changing hands. The stock had previously closed at $10.74.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VIV shares. Wall Street Zen upgraded shares of Telefonica Brasil from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Scotiabank reduced their price target on shares of Telefonica Brasil from $20.80 to $18.40 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group increased their price target on shares of Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Barclays upgraded shares of Telefonica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $23.60 to $23.00 in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Telefonica Brasil presently has an average rating of "Moderate Buy" and an average target price of $17.23.

Telefonica Brasil Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. The stock has a market cap of $17.79 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.72. The business's 50-day simple moving average is $10.35 and its two-hundred day simple moving average is $14.65.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $14.41 billion. Telefonica Brasil had a return on equity of 8.09% and a net margin of 10.07%. Sell-side analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Telefonica Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Modern Wealth Management LLC bought a new position in Telefonica Brasil during the first quarter worth about $423,000. Rhumbline Advisers boosted its position in Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 3,266 shares during the period. Strs Ohio bought a new position in Telefonica Brasil during the first quarter worth about $7,147,000. Ascent Group LLC bought a new position in Telefonica Brasil during the first quarter worth about $158,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Telefonica Brasil in the first quarter worth about $52,000. Institutional investors own 5.16% of the company's stock.

Telefonica 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.