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

Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) shares 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 changing hands. The stock had previously closed at $11.76.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen downgraded Telefonica Brasil from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group boosted their price target on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.23.

Telefonica Brasil Trading Down 0.1%

The business has a 50-day moving average price of $10.44 and a two-hundred day moving average price of $14.15. The stock has a market capitalization of $19.04 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.30 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

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 analysts' consensus estimates of $0.12 by ($0.01). The company 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%. On average, analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefonica Brasil

A number of institutional investors have recently modified their holdings of VIV. Raymond James Financial Inc. bought a new stake in shares of Telefonica Brasil during the 4th quarter worth $403,000. Banco BTG Pactual S.A. bought a new stake in shares of Telefonica Brasil during the 4th quarter worth $237,000. Sei Investments Co. increased its holdings in Telefonica Brasil by 67.6% in the 4th quarter. Sei Investments Co. now owns 912,148 shares of the Wireless communications provider's stock worth $6,887,000 after purchasing an additional 367,975 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Telefonica Brasil by 3.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider's stock worth $15,690,000 after purchasing an additional 78,200 shares in the last quarter. Finally, Summit Global Investments increased its holdings in Telefonica Brasil by 1.1% in the 4th quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider's stock worth $1,041,000 after purchasing an additional 1,506 shares in the last quarter. 5.16% of the stock is currently 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.