Barclays Forecasts Strong Price Appreciation for Telefônica Brasil (NYSE:VIV) Stock

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

VIV has been the topic of several other reports. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Scotiabank increased 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 report on Friday, September 20th. Two investment 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 has a consensus rating of “Moderate Buy” and an average price target of $11.07.

Telefônica Brasil Trading Up 0.7 %

VIV stock traded up $0.06 on Monday, hitting $8.81. 17,356 shares of the company were exchanged, compared to its average volume of 798,841. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.87 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The business’s fifty day moving average is $9.52 and its two-hundred day moving average is $9.09. Telefônica Brasil has a twelve month low of $8.02 and a twelve month high of $11.43.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VIV. Vanguard Group Inc. boosted its holdings in 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 worth $12,311,000 after purchasing an additional 72,388 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Telefônica Brasil in the first quarter worth about $123,000. Cetera Advisors LLC bought a new stake in shares of Telefônica Brasil in the 1st quarter worth approximately $236,000. Arkfeld Wealth Strategies L.L.C. acquired a new stake in Telefônica Brasil in the second quarter worth $85,000. Finally, Simplicity Wealth LLC boosted its holdings in shares of Telefônica Brasil by 22.2% during the second quarter. Simplicity Wealth LLC now owns 18,459 shares of the Wireless communications provider’s stock valued at $152,000 after acquiring an additional 3,358 shares during the period. 5.16% of the stock is owned by institutional investors and hedge funds.

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.