Telefônica Brasil (NYSE:VIV) Cut to Neutral at New Street Research

Telefônica Brasil (NYSE:VIV) was downgraded by equities research analysts at New Street Research from a “buy” rating to a “neutral” rating in a report released on Monday, Marketbeat.com reports.

Other equities analysts have also issued reports about the stock. Barclays raised their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Finally, Scotiabank increased their price target 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. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.07.

Telefônica Brasil Stock Performance

VIV stock traded down $0.07 during mid-day trading on Monday, hitting $8.45. 159,252 shares of the company were exchanged, compared to its average volume of 800,138. The stock has a market capitalization of $14.06 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a 1-year low of $8.01 and a 1-year high of $11.43. The business has a 50 day simple moving average of $9.21 and a 200-day simple moving average of $9.07.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $0.18 EPS. On average, equities analysts forecast that Telefônica Brasil will post 0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Telefônica Brasil by 6.3% in the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after buying an additional 72,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Telefônica Brasil by 49.0% in the third 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 during the last quarter. Acadian Asset Management LLC raised its holdings in Telefônica Brasil by 308.7% during the 2nd quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider’s stock worth $2,166,000 after purchasing an additional 199,546 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of Telefônica Brasil in the 2nd quarter worth approximately $842,000. Finally, Brandes Investment Partners LP increased its position in shares of Telefônica Brasil by 14.3% during the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after buying an additional 275,569 shares during the period. 5.16% of the stock is owned by institutional investors.

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.