Telefonica Brasil (NYSE:VIV) Stock Rating Upgraded by Wall Street Zen

Key Points

• Telefonica Brasil has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting increasing analyst confidence.
• Barclays and Scotiabank both raised their price targets for Telefonica Brasil, with Barclays setting it at $12.50, indicating a positive outlook for the stock's performance.
• The company reported earnings of $0.15 EPS for the last quarter, slightly missing the consensus estimate, while its market cap stands at $18.74 billion.

Telefonica Brasil (NYSE:VIV - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other research firms have also weighed in on VIV. Barclays boosted their price objective on Telefonica Brasil from $11.50 to $12.50 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Scotiabank boosted their price objective on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a report on Thursday. Finally, The Goldman Sachs Group raised their price target on shares of Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two 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, the stock has an average rating of "Moderate Buy" and an average target price of $11.77.

Telefonica Brasil Price Performance

NYSE:VIV opened at $11.34 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. The company has a 50 day moving average price of $10.91 and a 200-day moving average price of $13.65. Telefonica Brasil has a 1-year low of $7.47 and a 1-year high of $11.96. The firm has a market cap of $18.74 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $14.48 billion. Telefonica Brasil had a return on equity of 8.26% and a net margin of 10.13%. Equities research analysts forecast that Telefonica Brasil will post 0.6 EPS for the current year.

Institutional Trading of Telefonica Brasil

A number of institutional investors have recently added to or reduced their stakes in VIV. Envestnet Asset Management Inc. boosted its holdings in shares of Telefonica Brasil by 16.4% during the first quarter. Envestnet Asset Management Inc. now owns 449,213 shares of the Wireless communications provider's stock worth $3,917,000 after purchasing an additional 63,241 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Telefonica Brasil in the fourth quarter valued at $403,000. Renaissance Technologies LLC grew its stake in Telefonica Brasil by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider's stock valued at $15,690,000 after purchasing an additional 78,200 shares in the last quarter. Schechter Investment Advisors LLC increased its stake in shares of Telefonica Brasil by 64.4% in the first quarter. Schechter Investment Advisors LLC now owns 74,812 shares of the Wireless communications provider's stock worth $652,000 after buying an additional 29,308 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Telefonica Brasil by 74.1% in the 1st quarter. Ballentine Partners LLC now owns 49,603 shares of the Wireless communications provider's stock valued at $433,000 after purchasing an additional 21,116 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company's stock.

Telefonica Brasil Company Profile

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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