Telefonica Brasil (NYSE:VIV) Reaches New 12-Month High – Here’s Why

Shares of Telefonica Brasil S.A. (NYSE:VIV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.36 and last traded at $14.3150, with a volume of 808752 shares trading hands. The stock had previously closed at $13.99.

Analysts Set New Price Targets

Several research firms have recently weighed in on VIV. Weiss Ratings raised Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Barclays restated an “overweight” rating and issued a $14.50 target price on shares of Telefonica Brasil in a report on Monday, November 3rd. Morgan Stanley set a $12.00 price target on shares of Telefonica Brasil in a report on Wednesday, October 8th. Finally, Bank of America assumed coverage on shares of Telefonica Brasil in a research note on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.12.

Telefonica Brasil Trading Down 0.6%

The stock has a market capitalization of $23.50 billion, a P/E ratio of 21.89, a PEG ratio of 0.87 and a beta of 0.70. The stock’s fifty day moving average price is $12.53 and its 200 day moving average price is $12.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.02 and a quick ratio of 0.96.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $2.81 billion during the quarter. Telefonica Brasil had a net margin of 10.37% and a return on equity of 8.67%. Research analysts forecast that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 3,266 shares during the period. Westfuller Advisors LLC bought a new stake in shares of Telefonica Brasil in the third quarter valued at about $59,000. EverSource Wealth Advisors LLC lifted its stake in Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after acquiring an additional 3,248 shares during the period. Farther Finance Advisors LLC grew its holdings in Telefonica Brasil by 543.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider’s stock worth $56,000 after acquiring an additional 4,154 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Telefonica Brasil by 45.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 1,619 shares during the period. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.