Telefonica Brasil (NYSE:VIV) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Telefonica Brasil (NYSE:VIV) from a strong-buy rating to a buy rating in a research note published on Saturday.

Several other research analysts have also weighed in on VIV. Morgan Stanley set a $12.00 price objective on shares of Telefonica Brasil in a report on Wednesday, October 8th. Bank of America assumed coverage on Telefonica Brasil in a research note on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price target for the company. Citigroup initiated coverage on Telefonica Brasil in a report on Wednesday, September 10th. They issued a “neutral” rating for the company. Weiss Ratings downgraded Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Finally, Barclays reiterated an “overweight” rating and issued a $14.50 price target on shares of Telefonica Brasil in a report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Telefonica Brasil has an average rating of “Hold” and a consensus target price of $13.12.

Telefonica Brasil Stock Performance

Shares of NYSE VIV opened at $12.06 on Friday. The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 0.73 and a beta of 0.70. Telefonica Brasil has a 12-month low of $7.48 and a 12-month high of $13.31. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $12.47 and a 200 day moving average of $12.12.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $2.81 billion for the quarter. Telefonica Brasil had a return on equity of 8.67% and a net margin of 10.37%. On average, research analysts anticipate that Telefonica Brasil will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Telefonica Brasil

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 3,266 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Telefonica Brasil during the 1st quarter valued at about $52,000. EverSource Wealth Advisors LLC grew its position in Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 3,248 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Telefonica Brasil by 543.7% in the second quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider’s stock valued at $56,000 after purchasing an additional 4,154 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Telefonica Brasil by 45.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 1,619 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors.

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.