Telefonica Brasil (NYSE:VIV) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Telefonica Brasil (NYSE:VIV) from a buy rating to a strong-buy rating in a report issued on Sunday morning.

A number of other equities research analysts also recently commented on the stock. Bank of America began coverage on shares of Telefonica Brasil in a research report on Thursday, December 11th. They issued an “underperform” rating and a $14.00 target price for the company. Barclays reaffirmed an “overweight” rating and issued a $14.50 price objective on shares of Telefonica Brasil in a report on Monday, November 3rd. Morgan Stanley set a $12.00 target price on Telefonica Brasil in a report on Wednesday, October 8th. Finally, Weiss Ratings cut Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.12.

Telefonica Brasil Price Performance

Shares of NYSE:VIV opened at $12.44 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 0.75 and a beta of 0.70. The business has a 50-day simple moving average of $12.44 and a two-hundred day simple moving average of $12.18. Telefonica Brasil has a fifty-two week low of $7.60 and a fifty-two week high of $13.31.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of 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 acquiring an additional 3,266 shares during the period. Westfuller Advisors LLC bought a new position in shares of Telefonica Brasil in the third quarter worth approximately $59,000. EverSource Wealth Advisors LLC boosted its position in shares of Telefonica Brasil by 214.0% in the second 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 period. 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 worth $56,000 after purchasing an additional 4,154 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Telefonica Brasil by 45.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 1,619 shares during the period. Institutional investors own 5.16% of the company’s stock.

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.