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

Telefonica Brasil (NYSE:VIV) was upgraded by investment analysts at New Street Research from a “neutral” rating to a “buy” rating in a report released on Tuesday,Finviz reports.

Other analysts have also issued reports about the stock. Scotiabank increased their target price on shares of Telefonica Brasil from $12.50 to $15.30 and gave the stock a “sector perform” rating in a report on Monday, March 30th. UBS Group downgraded shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research note on Wednesday, March 11th. Weiss Ratings raised shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Wall Street Zen raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Zacks Research raised shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.98.

Telefonica Brasil Trading Down 1.0%

Telefonica Brasil stock opened at $15.87 on Tuesday. Telefonica Brasil has a fifty-two week low of $8.19 and a fifty-two week high of $16.95. The firm’s fifty day moving average price is $15.59 and its 200-day moving average price is $13.55. The stock has a market cap of $25.81 billion, a P/E ratio of 22.66, a PEG ratio of 0.71 and a beta of 0.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.00.

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

Institutional Investors Weigh In On Telefonica Brasil

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIV. Rhumbline Advisers boosted its holdings in Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 3,266 shares during the last quarter. Arax Advisory Partners boosted its holdings in 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 purchasing an additional 1,330 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Telefonica Brasil in the first quarter worth approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 worth $54,000 after acquiring an additional 3,248 shares during the last quarter. Finally, Westfuller Advisors LLC purchased a new position in shares of Telefonica Brasil during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.