Barclays Issues Positive Forecast for Telefonica Brasil (NYSE:VIV) Stock Price

Telefonica Brasil (NYSE:VIV - Free Report) had its price target lifted by Barclays from $11.50 to $12.50 in a report published on Monday,Benzinga reports. Barclays currently has an overweight rating on the Wireless communications provider's stock.

Several other research analysts have also recently issued reports on the company. Wall Street Zen cut Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. The Goldman Sachs Group boosted their target price 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.73.

Telefonica Brasil Stock Up 0.6%

VIV traded up $0.07 during trading on Monday, hitting $11.29. 537,585 shares of the company's stock traded hands, compared to its average volume of 1,091,002. Telefonica Brasil has a 12-month low of $7.47 and a 12-month high of $11.96. The company's 50 day simple moving average is $10.60 and its two-hundred day simple moving average is $14.00. 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 stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 0.97 and a beta of 0.75.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share (EPS) 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 company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $14.41 billion. Analysts predict that Telefonica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telefonica Brasil

Several institutional investors and hedge funds have recently modified their holdings of VIV. SBI Securities Co. Ltd. grew its stake in Telefonica Brasil by 39.3% during the first 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 in the last quarter. Rhumbline Advisers grew its position in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 3,266 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Telefonica Brasil in the first quarter worth about $41,000. Farther Finance Advisors LLC lifted its position in shares of Telefonica Brasil by 543.7% in the second quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider's stock worth $56,000 after buying an additional 4,154 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Telefonica Brasil during the first quarter valued at approximately $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.