Telefonica Brasil (NYSE:VIV) Hits New 52-Week High - What's Next?

Key Points

• Telefonica Brasil's shares hit a new 52-week high of $12.39 during trading, closing at $12.21 with over 1.4 million shares traded.
• Analyst ratings vary, with JPMorgan maintaining an "underweight" rating while Scotiabank raised its price target to $12.50 and Barclays set a new target at $13.00.
• The company reported $0.15 EPS for its last quarter, missing consensus estimates, and has a market capitalization of approximately $19.85 billion.

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $12.39 and last traded at $12.21, with a volume of 1450331 shares changing hands. The stock had previously closed at $12.11.

Analyst Ratings Changes

VIV has been the subject of a number of recent analyst reports. Barclays reiterated an "overweight" rating and set a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Scotiabank upped 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. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. The Goldman Sachs Group boosted their price objective 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, Wall Street Zen downgraded shares of Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.93.

Telefonica Brasil Trading Up 0.7%

The company has a market cap of $20.15 billion, a P/E ratio of 19.98, a PEG ratio of 0.84 and a beta of 0.71. The stock's 50 day moving average is $11.31 and its 200-day moving average is $13.33. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). The firm had revenue of $2.62 billion during 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%. Research analysts anticipate that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Telefonica Brasil

A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Telefonica Brasil by 39.3% in the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock worth $33,000 after buying an additional 1,067 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 3,266 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Telefonica Brasil in the first quarter worth approximately $41,000. Parvin Asset Management LLC bought a new stake in Telefonica Brasil during the 4th quarter worth approximately $51,000. Finally, Advisors Asset Management Inc. bought a new stake in Telefonica Brasil during the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors own 5.16% of the company's stock.

About Telefonica Brasil

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.