Wall Street Zen Downgrades Telefonica Brasil (NYSE:VIV) to Hold

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

Separately, The Goldman Sachs Group boosted their price target on shares of Telefonica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.23.

Telefonica Brasil Stock Performance

Shares of VIV stock traded down $0.21 during midday trading on Friday, hitting $11.55. The company had a trading volume of 1,167,315 shares, compared to its average volume of 1,092,595. The stock has a market cap of $19.09 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. The company's 50 day simple moving average is $10.41 and its 200 day simple moving average is $14.17. Telefonica Brasil has a 52-week low of $7.47 and a 52-week high of $11.96.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $14.41 billion. Telefonica Brasil had a net margin of 10.07% and a return on equity of 8.09%. Research analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Telefonica Brasil

A number of institutional investors have recently added to or reduced their stakes in VIV. Raymond James Financial Inc. acquired a new stake in shares of Telefonica Brasil during the 4th quarter valued at approximately $403,000. Banco BTG Pactual S.A. purchased a new position in Telefonica Brasil in the 4th quarter valued at approximately $237,000. Sei Investments Co. raised its holdings in Telefonica Brasil by 67.6% during the fourth 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 during the last quarter. Renaissance Technologies LLC raised its holdings in Telefonica Brasil by 3.9% during the fourth 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 during the last quarter. Finally, Summit Global Investments boosted its position in Telefonica Brasil by 1.1% during the fourth quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider's stock worth $1,041,000 after purchasing an additional 1,506 shares in the last quarter. Hedge funds and other 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.