Telefonica Brasil (NYSE:VIV) Sets New 12-Month High - What's Next?

Shares of Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.04 and last traded at $11.03, with a volume of 1166513 shares traded. The stock had previously closed at $10.86.

Analyst Ratings Changes

VIV has been the subject of a number of recent analyst reports. Barclays raised shares of Telefonica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $23.60 to $23.00 in a research report on Monday, March 3rd. Scotiabank dropped their target price on shares of Telefonica Brasil from $20.80 to $18.40 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Wall Street Zen upgraded shares of Telefonica Brasil from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, 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 note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Telefonica Brasil has an average rating of "Moderate Buy" and a consensus target price of $17.23.

Telefonica Brasil Stock Up 1.6%

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's fifty day moving average price is $10.22 and its 200 day moving average price is $14.58. The stock has a market cap of $18.23 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.23 and a beta of 0.72.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its position 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 buying an additional 1,067 shares during the period. Allworth Financial LP increased its position in Telefonica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock worth $31,000 after purchasing an additional 1,933 shares during the last quarter. Rhumbline Advisers increased its position in 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 purchasing an additional 3,266 shares during the last quarter. SVB Wealth LLC bought a new position in Telefonica Brasil during the first quarter valued at $41,000. Finally, Advisors Asset Management Inc. bought a new position in Telefonica Brasil during the first quarter valued at $52,000. 5.16% of the stock is owned by hedge funds and other institutional investors.

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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