Telefonica Brasil (NYSE:VIV) Upgraded to “Strong-Buy” at Wall Street Zen

Telefonica Brasil (NYSE:VIV) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

A number of other brokerages have also recently issued reports on VIV. Morgan Stanley set a $12.00 price target on shares of Telefonica Brasil in a research report on Wednesday, October 8th. Bank of America initiated coverage on shares of Telefonica Brasil in a report on Thursday, December 11th. They set an “underperform” rating and a $14.00 target price for the company. Weiss Ratings cut Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. Finally, Barclays restated an “overweight” rating and issued a $14.50 price target on shares of Telefonica Brasil in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Telefonica Brasil has a consensus rating of “Hold” and a consensus target price of $13.12.

Telefonica Brasil Price Performance

Shares of VIV stock opened at $12.44 on Friday. The stock has a market cap of $20.23 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 0.75 and a beta of 0.70. The business’s fifty day moving average is $12.44 and its 200 day moving average is $12.17. Telefonica Brasil has a twelve month low of $7.60 and a twelve month high of $13.31. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.19.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings data on Friday, November 14th. The Wireless communications provider reported $0.11 EPS for the quarter. Telefonica Brasil had a return on equity of 8.67% and a net margin of 10.37%.The business had revenue of $2.81 billion during the quarter. Research analysts expect that Telefonica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefonica Brasil

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 3,266 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Telefonica Brasil in the first quarter worth $52,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Telefonica Brasil by 214.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after purchasing an additional 3,248 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Telefonica Brasil by 543.7% during the second quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider’s stock valued at $56,000 after buying an additional 4,154 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Telefonica Brasil by 45.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 1,619 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.