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Telefonica Brasil (NYSE:VIV) Sets New 52-Week High - Still a Buy?

Telefonica Brasil logo with Utilities background

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $11.33 and last traded at $11.39, with a volume of 159443 shares. The stock had previously closed at $11.11.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group raised their target price on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded Telefonica Brasil from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.23.

Get Our Latest Stock Analysis on VIV

Telefonica Brasil Trading Up 1.9%

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 company has a market cap of $19.54 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.75. The firm has a 50-day moving average price of $10.23 and a 200 day moving average price of $14.30.

Telefonica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). Telefonica Brasil had a net margin of 10.07% and a return on equity of 8.09%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $14.41 billion. As a group, sell-side analysts forecast that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Telefonica Brasil

A number of hedge funds have recently made changes to their positions in VIV. Strs Ohio purchased a new position in shares of Telefonica Brasil during the first quarter valued at $7,147,000. Millennium Management LLC grew its stake in Telefonica Brasil by 283.2% during the 4th quarter. Millennium Management LLC now owns 592,234 shares of the Wireless communications provider's stock valued at $4,471,000 after acquiring an additional 437,678 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Telefonica Brasil by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock valued at $136,151,000 after purchasing an additional 420,973 shares during the period. Two Sigma Investments LP lifted its position in shares of Telefonica Brasil by 151.9% in the fourth quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider's stock worth $5,185,000 after purchasing an additional 414,193 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Telefonica Brasil by 36.4% during the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock worth $12,605,000 after purchasing an additional 385,848 shares during the period. Institutional investors own 5.16% of the company's stock.

About Telefonica Brasil

(Get Free Report)

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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