Barclays Issues Positive Forecast for Telefônica Brasil (NYSE:VIV) Stock Price

Telefônica Brasil (NYSE:VIV) had its target price upped by analysts at Barclays from $11.50 to $11.80 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the Wireless communications provider’s stock. Barclays‘s price target would suggest a potential upside of 33.94% from the company’s current price.

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

Telefônica Brasil Trading Up 0.7 %

Shares of NYSE VIV traded up $0.06 during trading on Monday, hitting $8.81. 17,356 shares of the company were exchanged, compared to its average volume of 798,841. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil has a 12-month low of $8.02 and a 12-month high of $11.43. The company has a fifty day moving average price of $9.52 and a 200-day moving average price of $9.09. The firm has a market capitalization of $14.66 billion, a PE ratio of 13.98, a P/E/G ratio of 0.87 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the company posted $0.18 EPS. As a group, equities research analysts expect that Telefônica Brasil will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Telefônica Brasil

Several large investors have recently modified their holdings of VIV. Blue Trust Inc. boosted its holdings in Telefônica Brasil by 2,821.8% during the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 3,104 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Telefônica Brasil in the second quarter valued at about $83,000. Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Telefônica Brasil in the second quarter valued at approximately $85,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Telefônica Brasil during the 1st quarter worth approximately $123,000. Finally, Aprio Wealth Management LLC purchased a new stake in Telefônica Brasil in the 3rd quarter valued at approximately $134,000. 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.