Telefonica Brasil S.A. (NYSE:VIV) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Telefonica Brasil S.A. (NYSE:VIV - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $17.23.

Several research firms have recently weighed in on VIV. Barclays upgraded Telefonica Brasil from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $23.60 to $23.00 in a research note on Monday, March 3rd. The Goldman Sachs Group upped their price target on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded Telefonica Brasil from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VIV. Modern Wealth Management LLC bought a new stake in shares of Telefonica Brasil during the first quarter worth $423,000. Rhumbline Advisers lifted its position in Telefonica Brasil by 337.7% during the 1st 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 in the last quarter. Strs Ohio bought a new stake in Telefonica Brasil during the 1st quarter worth about $7,147,000. Ascent Group LLC bought a new stake in Telefonica Brasil during the 1st quarter worth about $158,000. Finally, Advisors Asset Management Inc. acquired a new stake in Telefonica Brasil in the 1st quarter valued at about $52,000. Institutional investors own 5.16% of the company's stock.

Telefonica Brasil Stock Performance

Telefonica Brasil stock traded up $0.30 on Friday, hitting $11.41. The company's stock had a trading volume of 4,508,272 shares, compared to its average volume of 1,074,819. Telefonica Brasil has a one year low of $7.47 and a one year high of $11.55. The firm has a market cap of $18.86 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.72. 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 company has a fifty day moving average price of $10.14 and a 200-day moving average price of $14.34.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted 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). 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. On average, equities analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current year.

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.