Telefonica Brasil (NYSE:VIV) Sets New 1-Year High - Here's What Happened

Key Points

• Telefonica Brasil's stock price reached a new 52-week high of $12.49, with a trading volume of 16,629 shares.
• Analysts have mixed views on the stock, with Goldman Sachs raising its price target to $10.30, while Wall Street Zen lowered its rating from "buy" to "hold."
• Telefonica Brasil reported $0.15 earnings per share for the last quarter, which fell short of analysts' expectations by $0.01.

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $12.49 and last traded at $12.49, with a volume of 16629 shares changing hands. The stock had previously closed at $12.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VIV shares. The Goldman Sachs Group boosted their price target on shares of Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. restated an "underweight" rating on shares of Telefonica Brasil in a report on Friday, August 8th. Barclays restated an "overweight" rating and issued a $13.00 price target (up previously from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Wall Street Zen lowered shares of Telefonica Brasil from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Scotiabank boosted their price target on shares of Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.70.

Telefonica Brasil Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.98. The stock has a market cap of $20.57 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 0.85 and a beta of 0.71. The firm's 50 day moving average is $11.50 and its 200 day moving average is $13.16.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. Analysts anticipate that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Institutional Trading of Telefonica Brasil

Several large investors have recently bought and sold shares of VIV. LPL Financial LLC grew its position in Telefonica Brasil by 37.3% during the 4th quarter. LPL Financial LLC now owns 68,131 shares of the Wireless communications provider's stock worth $514,000 after purchasing an additional 18,521 shares during the last quarter. JPMorgan Chase & Co. grew its position in Telefonica Brasil by 64.0% during the 4th quarter. JPMorgan Chase & Co. now owns 104,183 shares of the Wireless communications provider's stock worth $787,000 after purchasing an additional 40,665 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Telefonica Brasil by 2.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 385,972 shares of the Wireless communications provider's stock worth $2,914,000 after purchasing an additional 7,542 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Telefonica Brasil by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,059,679 shares of the Wireless communications provider's stock valued at $8,001,000 after acquiring an additional 9,230 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Telefonica Brasil in the 4th quarter valued at $403,000. 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.