Telefônica Brasil (NYSE:VIV) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of Telefônica Brasil (NYSE:VIV) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

VIV has been the subject of a number of other research reports. Scotiabank lowered their target price on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a report on Thursday. The Goldman Sachs Group decreased their price objective on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. Barclays lifted their target price on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Finally, New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.07.

Telefônica Brasil Stock Performance

VIV stock opened at $8.45 on Thursday. Telefônica Brasil has a 1-year low of $7.47 and a 1-year high of $11.32. The business has a 50-day moving average price of $8.40 and a 200 day moving average price of $8.98. The company has a market capitalization of $13.96 billion, a P/E ratio of 13.40, a PEG ratio of 0.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. As a group, equities research analysts forecast that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Trading of Telefônica Brasil

A number of institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its stake in Telefônica Brasil by 7.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after buying an additional 1,053,218 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Telefônica Brasil by 4.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,571,650 shares of the Wireless communications provider’s stock valued at $19,416,000 after acquiring an additional 114,266 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Telefônica Brasil by 3.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider’s stock valued at $15,690,000 after purchasing an additional 78,200 shares during the last quarter. Barclays PLC boosted its stake in Telefônica Brasil by 2.6% in the 4th quarter. Barclays PLC now owns 1,275,565 shares of the Wireless communications provider’s stock worth $9,630,000 after purchasing an additional 31,820 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Telefônica Brasil by 49.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after purchasing an additional 385,207 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

About Telefônica 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.