Telefônica Brasil (NYSE:VIV) Price Target Raised to $11.80 at Barclays

Telefônica Brasil (NYSE:VIV) had its price objective raised by Barclays from $11.50 to $11.80 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the Wireless communications provider’s stock.

Several other research firms also recently issued reports on VIV. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Scotiabank upped their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.07.

Telefônica Brasil Trading Down 2.7 %

Shares of Telefônica Brasil stock opened at $8.66 on Monday. The stock has a market cap of $14.41 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.90 and a beta of 0.81. The stock’s 50 day simple moving average is $9.41 and its 200-day simple moving average is $9.09. Telefônica Brasil has a 1-year low of $8.02 and a 1-year high of $11.43. 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 released its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. Analysts predict that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefônica Brasil

Hedge funds have recently made changes to their positions in the business. Brandes Investment Partners LP lifted its position in Telefônica Brasil by 14.3% in the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock valued at $18,261,000 after purchasing an additional 275,569 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Telefônica Brasil by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider’s stock valued at $15,014,000 after purchasing an additional 197,500 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Telefônica Brasil by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after acquiring an additional 72,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 valued at $12,034,000 after acquiring an additional 385,207 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Telefônica Brasil by 12.9% during the 2nd quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock worth $5,830,000 after buying an additional 81,229 shares during the period. Institutional investors and hedge funds 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.