Telefonica Brasil (NYSE:VIV) Raised to Buy at New Street Research

Telefonica Brasil (NYSE:VIV) was upgraded by stock analysts at New Street Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat reports.

VIV has been the subject of a number of other reports. Barclays lowered Telefonica Brasil from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $14.50 to $16.00 in a research note on Thursday, March 12th. Zacks Research raised Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Scotiabank boosted their price target on shares of Telefonica Brasil from $12.50 to $15.30 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Finally, Weiss Ratings upgraded shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.98.

Telefonica Brasil Stock Performance

VIV stock opened at $16.55 on Tuesday. The company has a market capitalization of $26.91 billion, a P/E ratio of 23.64, a PEG ratio of 0.71 and a beta of 0.70. The company has a 50-day simple moving average of $15.66 and a 200 day simple moving average of $13.59. Telefonica Brasil has a fifty-two week low of $8.19 and a fifty-two week high of $16.95. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.21 EPS for the quarter. Telefonica Brasil had a net margin of 10.42% and a return on equity of 9.15%. The company had revenue of $2.83 billion for the quarter. Sell-side analysts predict that Telefonica Brasil will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arax Advisory Partners boosted its holdings in shares of Telefonica Brasil by 54.4% in the fourth quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 1,330 shares during the period. Rhumbline Advisers raised its stake in Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 3,266 shares during the period. Westfuller Advisors LLC acquired a new stake in Telefonica Brasil during the 3rd quarter valued at $59,000. EverSource Wealth Advisors LLC raised its stake in Telefonica Brasil by 214.0% during the 2nd 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 during the period. Finally, Advisors Asset Management Inc. acquired a new stake in Telefonica Brasil during the 1st quarter valued at $52,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Company Profile

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.