Telefônica Brasil (NYSE:VIV – Get Rating) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Several other research analysts have also issued reports on the stock. Barclays dropped their price target on shares of Telefônica Brasil from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, December 22nd. UBS Group raised shares of Telefônica Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.67.
Telefônica Brasil Trading Up 2.1 %
Shares of NYSE:VIV opened at $8.14 on Thursday. The stock has a market capitalization of $13.54 billion, a PE ratio of 17.32, a P/E/G ratio of 3.24 and a beta of 0.48. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 1 year low of $6.49 and a 1 year high of $11.50. The firm has a fifty day moving average price of $7.56 and a 200 day moving average price of $7.51.
Telefônica Brasil (NYSE:VIV – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The Wireless communications provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.42 billion. Telefônica Brasil had a net margin of 8.45% and a return on equity of 5.86%. Analysts expect that Telefônica Brasil will post 0.51 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in VIV. Robeco Institutional Asset Management B.V. bought a new position in Telefônica Brasil in the fourth quarter valued at $56,936,000. Marshall Wace LLP grew its position in Telefônica Brasil by 962.9% in the fourth quarter. Marshall Wace LLP now owns 5,672,238 shares of the Wireless communications provider’s stock valued at $40,557,000 after purchasing an additional 5,138,597 shares in the last quarter. Millennium Management LLC bought a new position in Telefônica Brasil in the fourth quarter valued at $19,372,000. Morgan Stanley grew its position in shares of Telefônica Brasil by 622.7% in the 4th quarter. Morgan Stanley now owns 2,749,843 shares of the Wireless communications provider’s stock valued at $19,661,000 after acquiring an additional 2,369,339 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Telefônica Brasil by 3,266.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,051,587 shares of the Wireless communications provider’s stock valued at $7,519,000 after acquiring an additional 1,020,351 shares during the period. Institutional investors own 6.76% of the company’s stock.
About Telefônica Brasil
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.