Telefônica Brasil (NYSE:VIV) Cut to “Buy” at StockNews.com

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

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group lowered their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Barclays upped their target price on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Scotiabank lowered their price objective on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.07.

Telefônica Brasil Trading Down 1.5 %

Telefônica Brasil stock opened at $8.45 on Thursday. The stock 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 price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 0.84 and a beta of 0.79. Telefônica Brasil has a 52 week low of $7.47 and a 52 week high of $11.32. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Sell-side analysts anticipate that Telefônica Brasil will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Telefônica Brasil

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,543 shares in the last quarter. Allworth Financial LP raised its stake in shares of Telefônica Brasil by 86.4% during the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 1,933 shares during the period. R Squared Ltd purchased a new position in shares of Telefônica Brasil during the 4th quarter valued at approximately $37,000. Blue Trust Inc. grew its stake in Telefônica Brasil by 87.5% in the 3rd quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock valued at $62,000 after acquiring an additional 2,812 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in Telefônica Brasil in the 4th quarter worth $51,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Company Profile

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.