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 research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other brokerages also recently weighed in on VIV. Barclays increased their price target on Telefonica Brasil from $11.50 to $12.50 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Scotiabank increased their price target on Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group raised their target price on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and three have assigned 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 $11.77.

Telefonica Brasil Stock Up 1.2%

NYSE VIV traded up $0.14 during midday trading on Friday, hitting $11.69. 143,875 shares of the company traded hands, compared to its average volume of 1,337,381. 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 market cap of $19.33 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71. The company's 50-day simple moving average is $10.94 and its 200-day simple moving average is $13.59. Telefonica Brasil has a 52 week low of $7.47 and a 52 week high of $11.96.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $14.48 billion. Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.26%. As a group, equities research analysts forecast that Telefonica Brasil will post 0.6 earnings per share for the current year.

Institutional Trading of Telefonica Brasil

Several institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in Telefonica Brasil by 39.3% in the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 1,067 shares during the period. Rhumbline Advisers increased its holdings in 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 during the last quarter. SVB Wealth LLC purchased a new position in Telefonica Brasil in the first quarter valued at $41,000. Parvin Asset Management LLC purchased a new position in Telefonica Brasil in the fourth quarter valued at $51,000. Finally, Advisors Asset Management Inc. acquired a new position in Telefonica Brasil in the first quarter valued at $52,000. 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.