Telefonica Brasil (NYSE:VIV) Reaches New 1-Year High - Time to Buy?

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)'s share price reached a new 52-week high during trading on Wednesday . The company 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.

Analyst Upgrades and Downgrades

VIV has been the subject of a number of research reports. Barclays reiterated an "overweight" rating and set a $13.00 price objective (up previously from $12.50) on shares of Telefonica Brasil in a research report on Thursday. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica Brasil in a research report on Friday. The Goldman Sachs Group upped their price objective on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Wall Street Zen cut Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Scotiabank upped their price objective on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.93.

Telefonica Brasil Price Performance

The firm has a 50 day moving average price of $11.11 and a 200 day moving average price of $13.46. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. The stock has a market cap of $19.67 billion, a P/E ratio of 19.50, a P/E/G ratio of 0.81 and a beta of 0.71.

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). Telefonica Brasil had a return on equity of 8.26% and a net margin of 10.13%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $14.48 billion. On average, analysts forecast that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefonica Brasil

Several institutional investors have recently made changes to their positions in VIV. LPL Financial LLC grew its position in shares of Telefonica Brasil by 37.3% during the fourth 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of Telefonica Brasil by 64.0% during the fourth 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 in the last quarter. Wellington Management Group LLP grew its position in shares of Telefonica Brasil by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 415,299 shares of the Wireless communications provider's stock worth $3,136,000 after purchasing an additional 12,680 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Telefonica Brasil by 19.9% during the fourth quarter. Franklin Resources Inc. now owns 56,740 shares of the Wireless communications provider's stock worth $428,000 after purchasing an additional 9,419 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Telefonica Brasil by 24.6% during the fourth quarter. Wells Fargo & Company MN now owns 440,631 shares of the Wireless communications provider's stock worth $3,327,000 after purchasing an additional 87,056 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.