Telefônica Brasil (NYSE:VIV) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Telefônica Brasil (NYSE:VIV – Get Rating) from a neutral rating to a buy rating in a report published on Tuesday morning, The Fly reports.

VIV has been the subject of several other reports. Barclays reduced their price target on Telefônica Brasil from $11.00 to $10.00 and set an equal weight rating for the company in a report on Thursday, December 22nd. StockNews.com downgraded Telefônica Brasil from a strong-buy rating to a buy rating in a report on Friday, January 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Telefônica Brasil has an average rating of Moderate Buy and a consensus price target of $25.67.

Telefônica Brasil Price Performance

Shares of NYSE:VIV opened at $7.54 on Tuesday. Telefônica Brasil has a 1-year low of $6.49 and a 1-year high of $11.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.82. The business has a fifty day moving average price of $7.35 and a 200-day moving average price of $7.82. The company has a market capitalization of $12.64 billion, a PE ratio of 12.42, a PEG ratio of 2.96 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Telefônica Brasil by 3.3% in the first quarter. BlackRock Inc. now owns 3,227,500 shares of the Wireless communications provider’s stock worth $36,309,000 after purchasing an additional 103,931 shares during the last quarter. Macquarie Group Ltd. boosted its position in Telefônica Brasil by 6.8% in the second quarter. Macquarie Group Ltd. now owns 3,135,455 shares of the Wireless communications provider’s stock worth $28,407,000 after purchasing an additional 198,702 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Telefônica Brasil by 104.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,463,600 shares of the Wireless communications provider’s stock worth $13,260,000 after purchasing an additional 746,200 shares during the last quarter. Federated Hermes Inc. boosted its position in Telefônica Brasil by 37.2% in the third quarter. Federated Hermes Inc. now owns 1,452,918 shares of the Wireless communications provider’s stock worth $10,926,000 after purchasing an additional 393,787 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Telefônica Brasil by 8.7% in the third quarter. Vanguard Group Inc. now owns 1,187,693 shares of the Wireless communications provider’s stock worth $8,931,000 after purchasing an additional 95,105 shares during the last quarter. 6.76% of the stock is owned by hedge funds and other institutional investors.

About Telefônica Brasil

(Get Rating)

Telefônica Brasil SA, together with its subsidiaries, provides mobile and fixed telecommunications services to residential and corporate customers 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 services and wireless roaming services.