Telefonica Brasil (NYSE:VIV) Hits New 1-Year High - What's Next?

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report)'s share price hit a new 52-week high 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.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Telefonica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Telefonica Brasil from a "buy" rating to a "hold" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.23.

Telefonica Brasil Price Performance

The stock's 50-day moving average price is $10.37 and its 200-day moving average price is $14.19. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.33 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.

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

Institutional Investors Weigh In On Telefonica Brasil

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. raised its stake in shares of 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 worth $33,000 after buying an additional 1,067 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 3,266 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Telefonica Brasil during the first quarter worth approximately $41,000. Advisors Asset Management Inc. bought a new stake in shares of Telefonica Brasil during the first quarter worth approximately $52,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Telefonica Brasil during the fourth quarter worth approximately $51,000. 5.16% of the stock is owned by 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.