StockNews.com Lowers Telefônica Brasil (NYSE:VIV) to Buy

Telefônica Brasil (NYSE:VIV) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

A number of other brokerages have also recently weighed in on VIV. Barclays lifted their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Scotiabank lifted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Finally, Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Trading Down 0.5 %

Shares of VIV traded down $0.04 during mid-day trading on Monday, hitting $9.53. The company had a trading volume of 553,529 shares, compared to its average volume of 816,357. The business’s 50-day simple moving average is $9.71 and its 200-day simple moving average is $9.17. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. Telefônica Brasil has a 1-year low of $8.02 and a 1-year high of $11.43. The stock has a market cap of $15.85 billion, a PE ratio of 15.12, a P/E/G ratio of 0.95 and a beta of 0.80.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the company earned $0.14 earnings per share. Sell-side analysts forecast that Telefônica Brasil will post 0.61 earnings per share for the current year.

Institutional Trading of Telefônica Brasil

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Telefônica Brasil by 2,821.8% during the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 3,104 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Telefônica Brasil during the second quarter valued at approximately $85,000. QRG Capital Management Inc. purchased a new stake in shares of Telefônica Brasil during the second quarter valued at approximately $83,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Telefônica Brasil in the first quarter worth $123,000. Finally, Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil in the third quarter worth $134,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

About Telefônica 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.