Morgan Stanley upgraded shares of Telefonica Brasil (NYSE:VIV) from an equal weight rating to an overweight rating in a report released on Wednesday, June 13th, Marketbeat reports.
A number of other research analysts have also recently weighed in on the stock. Goldman Sachs Group started coverage on shares of Telefonica Brasil in a research note on Tuesday, April 3rd. They issued a neutral rating and a $18.00 target price on the stock. Zacks Investment Research upgraded shares of Telefonica Brasil from a sell rating to a hold rating in a research note on Friday, April 20th. Barclays upped their price target on shares of Telefonica Brasil from $17.50 to $18.00 and gave the company an overweight rating in a research note on Tuesday, March 20th. Royal Bank of Canada set a $16.00 price target on shares of Telefonica Brasil and gave the company a hold rating in a research note on Friday, March 23rd. Finally, JPMorgan Chase & Co. cut shares of Telefonica Brasil from an overweight rating to a neutral rating in a research note on Thursday, April 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $16.80.
Shares of Telefonica Brasil opened at $11.95 on Wednesday, according to MarketBeat Ratings. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The company has a market cap of $20.80 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.12 and a beta of 1.36. Telefonica Brasil has a fifty-two week low of $11.20 and a fifty-two week high of $17.33.
Several hedge funds have recently made changes to their positions in VIV. Icon Wealth Partners LLC increased its holdings in Telefonica Brasil by 225.6% during the 1st quarter. Icon Wealth Partners LLC now owns 9,887 shares of the Wireless communications provider’s stock worth $152,000 after acquiring an additional 6,850 shares during the period. Trexquant Investment LP bought a new stake in Telefonica Brasil during the 1st quarter worth approximately $155,000. Advisor Group Inc. increased its holdings in Telefonica Brasil by 48.6% during the 4th quarter. Advisor Group Inc. now owns 10,353 shares of the Wireless communications provider’s stock worth $153,000 after acquiring an additional 3,387 shares during the period. A.R.T. Advisors LLC bought a new stake in Telefonica Brasil during the 1st quarter worth approximately $165,000. Finally, FDx Advisors Inc. bought a new stake in Telefonica Brasil during the 1st quarter worth approximately $180,000. Institutional investors own 9.47% of the company’s stock.
About Telefonica Brasil
Telefônica Brasil SA provides mobile and fixed line 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 and 4G, as well as mobile value-added services and wireless roaming services.
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