Telefônica Brasil (NYSE:VIV) Hits New 1-Year High at $11.18

Telefônica Brasil S.A. (NYSE:VIVGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $11.18 and last traded at $11.17, with a volume of 295303 shares traded. The stock had previously closed at $10.80.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VIV. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. TheStreet raised shares of Telefônica Brasil from a “c-” rating to a “b” rating in a research note on Thursday, December 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $11.00 price target on shares of Telefônica Brasil in a research note on Friday, January 5th. Finally, Barclays lifted their price target on shares of Telefônica Brasil from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, December 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and an average target price of $11.60.

Get Our Latest Research Report on Telefônica Brasil

Telefônica Brasil Trading Down 1.9 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.88. The stock has a market capitalization of $18.38 billion, a PE ratio of 17.82, a PEG ratio of 0.85 and a beta of 0.75. The stock’s 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $9.78.

Institutional Trading of Telefônica Brasil

A number of institutional investors have recently modified their holdings of VIV. Credit Suisse AG lifted its stake in Telefônica Brasil by 543.6% in the 3rd quarter. Credit Suisse AG now owns 7,485 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 6,322 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Telefônica Brasil in the 2nd quarter worth approximately $68,000. FMR LLC lifted its stake in Telefônica Brasil by 578.8% in the 1st quarter. FMR LLC now owns 9,863 shares of the Wireless communications provider’s stock worth $75,000 after purchasing an additional 8,410 shares in the last quarter. Atlas Capital Advisors LLC lifted its stake in Telefônica Brasil by 191.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 10,028 shares of the Wireless communications provider’s stock worth $102,000 after purchasing an additional 6,590 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Telefônica Brasil in the 1st quarter worth approximately $84,000. 5.40% of the stock is currently owned by hedge funds and other institutional investors.

Telefônica Brasil Company Profile

(Get Free Report)

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.

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