Telefônica Brasil (VIV) to Release Earnings on Tuesday

Telefônica Brasil (NYSE:VIVGet Free Report) is scheduled to release its earnings data after the market closes on Tuesday, February 20th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Telefônica Brasil Stock Performance

Shares of NYSE:VIV opened at $10.99 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.92 and a quick ratio of 0.88. The business’s 50 day moving average price is $10.60 and its 200-day moving average price is $9.67. The firm has a market capitalization of $18.28 billion, a PE ratio of 19.98, a P/E/G ratio of 0.80 and a beta of 0.75. Telefônica Brasil has a 1 year low of $7.16 and a 1 year high of $11.15.

Institutional Investors Weigh In On Telefônica Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Telefônica Brasil by 11.9% in the second quarter. BlackRock Inc. now owns 6,755,785 shares of the Wireless communications provider’s stock valued at $61,680,000 after purchasing an additional 718,907 shares during the period. Bank of America Corp DE raised its position in Telefônica Brasil by 75.6% in the first quarter. Bank of America Corp DE now owns 3,480,847 shares of the Wireless communications provider’s stock valued at $26,350,000 after purchasing an additional 1,499,024 shares during the period. Macquarie Group Ltd. raised its position in Telefônica Brasil by 6.8% in the second quarter. Macquarie Group Ltd. now owns 3,135,455 shares of the Wireless communications provider’s stock valued at $28,407,000 after purchasing an additional 198,702 shares during the period. Morgan Stanley raised its position in Telefônica Brasil by 622.7% in the fourth quarter. Morgan Stanley now owns 2,749,843 shares of the Wireless communications provider’s stock valued at $19,661,000 after purchasing an additional 2,369,339 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Telefônica Brasil in the fourth quarter valued at $19,372,000. Hedge funds and other institutional investors own 5.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VIV. Barclays lifted their price objective on Telefônica Brasil from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 7th. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Monday. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 price objective on shares of Telefônica Brasil in a research report on Friday, January 5th. Finally, TheStreet upgraded Telefônica Brasil from a “c-” rating to a “b” rating in a research report on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.60.

View Our Latest Report on Telefônica Brasil

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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Earnings History for Telefônica Brasil (NYSE:VIV)

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