Telefonica Brasil (NYSE:VIV) Reaches New 1-Year High - Here's Why

Key Points

• Telefonica Brasil shares reached a new 52-week high of $11.98, indicating strong trading performance with a volume of over 200,000 shares.
• Equities analysts have revised their price targets for Telefonica Brasil, with Barclays raising its target from $11.50 to $12.50 and two analysts upgrading their ratings to "buy."
• The company's financials show a market cap of $19.84 billion, a P/E ratio of 19.33, and an expectation of earnings per share (EPS) of 0.6 for the current year.

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.98 and last traded at $11.97, with a volume of 200518 shares changing hands. The stock had previously closed at $11.62.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Telefonica Brasil from $11.50 to $12.50 and gave the company an "overweight" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Telefonica Brasil from a "hold" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group upped their price objective on shares of Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Scotiabank boosted their target price on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Telefonica Brasil presently has an average rating of "Moderate Buy" and a consensus price target of $11.77.

Telefonica Brasil Stock Performance

The company has a market cap of $19.84 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 0.77 and a beta of 0.71. The company has a fifty day moving average of $10.98 and a two-hundred day moving average of $13.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.96.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share 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 net margin of 10.13% and a return on equity of 8.26%. Equities research analysts anticipate that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Telefonica Brasil

A number of large investors have recently bought and sold shares of VIV. Raymond James Financial Inc. purchased a new stake in Telefonica Brasil during the 4th quarter valued at about $403,000. American Century Companies Inc. raised its holdings in shares of Telefonica Brasil by 24.4% in the 4th quarter. American Century Companies Inc. now owns 121,379 shares of the Wireless communications provider's stock valued at $916,000 after purchasing an additional 23,774 shares in the last quarter. LPL Financial LLC raised its stake 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 acquiring an additional 18,521 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 40,665 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Telefonica Brasil by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 415,299 shares of the Wireless communications provider's stock valued at $3,136,000 after purchasing an additional 12,680 shares during the period. 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.

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