Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.96 and last traded at $11.75, with a volume of 3098745 shares. The stock had previously closed at $11.76.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on VIV shares. The Goldman Sachs Group upped 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 cut Telefonica Brasil from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.23.
View Our Latest Analysis on Telefonica Brasil
Telefonica Brasil Stock Down 0.7%
The stock has a market cap of $18.95 billion, a P/E ratio of 18.80, a PEG ratio of 1.30 and a beta of 0.75. 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 business has a 50-day simple moving average of $10.44 and a 200-day simple moving average of $14.15.
Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $14.41 billion. Analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Modern Wealth Management LLC acquired a new position in Telefonica Brasil during the first quarter worth $423,000. Rhumbline Advisers increased its stake in shares of Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 3,266 shares in the last quarter. Strs Ohio acquired a new stake in shares of Telefonica Brasil in the first quarter valued at $7,147,000. Ascent Group LLC acquired a new stake in shares of Telefonica Brasil in the first quarter valued at $158,000. Finally, Advisors Asset Management Inc. acquired a new stake in Telefonica Brasil in the first quarter worth about $52,000. 5.16% of the stock is owned by institutional investors.
About Telefonica Brasil
(
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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.
Further Reading
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