Telefonica Brasil (NYSE:VIV) Stock Rating Lowered by Wall Street Zen

Telefonica Brasil (NYSE:VIV - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Separately, The Goldman Sachs Group raised their price target on shares of Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.23.

Telefonica Brasil Stock Up 1.9%

Shares of NYSE:VIV traded up $0.22 during trading on Friday, reaching $11.83. The stock had a trading volume of 720,143 shares, compared to its average volume of 1,082,405. Telefonica Brasil has a one year low of $7.47 and a one year high of $11.81. The company has a market capitalization of $19.54 billion, a P/E ratio of 19.39, a PEG ratio of 1.33 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $10.33 and its 200 day simple moving average is $14.23.

Telefonica Brasil (NYSE:VIV - Get Free Report) last released its quarterly 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). Telefonica Brasil had a net margin of 10.07% and a return on equity of 8.09%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $14.41 billion. As a group, research analysts expect that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefonica Brasil

A number of institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its stake in Telefonica Brasil by 39.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock valued at $33,000 after acquiring an additional 1,067 shares during the period. Rhumbline Advisers lifted its stake in Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 3,266 shares during the period. SVB Wealth LLC acquired a new stake in Telefonica Brasil during the 1st quarter valued at approximately $41,000. Parvin Asset Management LLC acquired a new stake in Telefonica Brasil during the 4th quarter valued at approximately $51,000. Finally, Advisors Asset Management Inc. acquired a new stake in Telefonica Brasil during the 1st quarter valued at approximately $52,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

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.