Telefonica Brasil (NYSE:VIV) Sets New 52-Week High – Should You Buy?

Telefonica Brasil S.A. (NYSE:VIV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.02 and last traded at $12.9740, with a volume of 137799 shares trading hands. The stock had previously closed at $12.59.

Analysts Set New Price Targets

Several equities analysts have commented on VIV shares. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday. JPMorgan Chase & Co. restated an “underweight” rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Barclays reiterated an “overweight” rating and set a $14.50 target price on shares of Telefonica Brasil in a research note on Monday, November 3rd. Zacks Research downgraded Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Citigroup assumed coverage on Telefonica Brasil in a report on Wednesday, September 10th. They set a “neutral” rating for the company. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.90.

Telefonica Brasil Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.98. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 0.87 and a beta of 0.76. The business has a 50 day moving average price of $12.38 and a 200-day moving average price of $11.46.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $15.01 billion. Research analysts predict that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Telefonica Brasil

Several hedge funds have recently modified their holdings of the company. Modern Wealth Management LLC bought a new position in shares of Telefonica Brasil during the 1st quarter valued at approximately $423,000. Envestnet Asset Management Inc. grew its stake in Telefonica Brasil by 16.4% during the first quarter. Envestnet Asset Management Inc. now owns 449,213 shares of the Wireless communications provider’s stock valued at $3,917,000 after acquiring an additional 63,241 shares in the last quarter. Federated Hermes Inc. increased its holdings in Telefonica Brasil by 45.6% during the 1st quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider’s stock worth $5,345,000 after acquiring an additional 191,842 shares during the period. Invesco Ltd. lifted its stake in Telefonica Brasil by 36.4% in the 1st quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider’s stock worth $12,605,000 after purchasing an additional 385,848 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Telefonica Brasil by 23.7% in the 1st quarter. American Century Companies Inc. now owns 150,128 shares of the Wireless communications provider’s stock valued at $1,309,000 after purchasing an additional 28,749 shares during the period. Institutional investors own 5.16% of the company’s stock.

About Telefonica 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.