In a report that was published on Monday, the analysts at StockNews.com raised their recommendation for Telefônica Brasil (NYSE: VIV), which they had previously given as a “buy,” to a “strong buy.” Previously, they had given the company a rating of “buy.”
On October 26, the most recent earnings report for Telefônica Brasil was made public. Telefônica Brasil shares are traded on the New York Stock Exchange (NYSE) under the symbol “VIV.” The provider of cellular communications reported earnings per share of $0.16 for the quarter, which is $0.08 more than the consensus estimate of $0.08 per quarter for the company’s quarterly earnings. The company’s quarterly sales came in at $2.33 billion, higher than market analysts’ consensus estimate of $2.24 billion. In the case of Telefônica Brasil, the return on equity was 7.82%, and the net margin for the company was 11.64%. The analysts who follow the markets forecast that Telefônica Brazil will generate an EPS of 0.47 annually for the current year.
As a result of recent occurrences, a significant number of hedge funds have recently adapted their strategy regarding the market. During the first three months of 2018, BlackRock Inc. increased the amount of Telefônica Brazil stock owned by 3.3%, bringing its total ownership percentage to 100%. BlackRock Inc. now owns a total of 3,227,500 shares of the stock held by the wireless communications carrier after making an additional purchase of 103,931 shares during the most recent quarter. This brings the total number of shares that BlackRock, Inc. Has a value of $36,309,000 attached to these shares. Macquarie Group Ltd. increased the amount of Telefônica Brasil stock owned by 6.8% over the year’s second quarter. Macquarie Group Ltd. now has 3,135,455 shares of the company that provides wireless communications after making an additional purchase of 198,702 shares during the most recent quarter. The shares are currently valued at $28,407,000. The value of Grantham Mayo Van Otterloo & Co. LLC’s holdings in Telefônica Brasil increased by 104.0 percent during the second quarter of this year. Grantham Mayo Van Otterloo & Co. LLC is now the owner of a total of 1,463,600 shares in the company. These shares have a value of $13,260,000 and were acquired by purchasing an additional 746,200 shares in the wireless communications carrier during the third quarter. During the third quarter, Federated Hermes Inc. increased Telefônica Brasil stock owned by 37.2% to bring its total ownership percentage to 100%. Federated Hermes Inc. has increased the number of shares it owns in the wireless communications provider by purchasing an additional 393,787 of the company’s shares since the beginning of the most recent quarter. This brings the total number of shares it owns to 1,452,918 and the value of those shares to $10,926,000. And finally, during the third quarter, Vanguard Group Inc. increased its holdings of Telefônica Brasil by 8.7% by purchasing additional company shares. The total number of shares in the wireless communications provider that Vanguard Group Inc. owns has increased by 95,105, bringing its holdings’ total value to $8,931,000. This is because hedge funds and other institutional investors hold a combined total of 7.07% of the outstanding shares of Vanguard Group Inc.
On Monday, during regular business hours, 2,043,236 shares of NYSE: VIV were traded, significantly higher than the stock’s average daily turnover of 1,602,153 shares. The average daily turnover for the stock is 1,602,153 shares. The price of one share of the company’s stock rose by $0.01 throughout the trading session, bringing the total value to $6.93. The price-to-earnings ratio for the company is 11.18; the price-to-earnings-to-growth ratio for the company is 1.91, and the company has a beta value of 0.48. The market capitalization of the company is $11.62 billion. These metrics point to the company having relatively high operating costs. Over the past year, the cost of Telefônica Brazil has ranged from a high of $6.80 to a low of $6.80 at various points. The moving average of the company’s stock price over the past 50 days is $7.47, and the moving average over the last 200 days is $8.20. The debt-to-equity ratio is 0.20, the current ratio is 0.85, and the quick ratio is 0.82. These three ratios are all very similar to one another.
Customers in the residential and commercial spheres of the Brazilian economy can obtain mobile and fixed telecommunications services from Telefônica Brasil SA and its subsidiaries, respectively. In addition to making long-distance calls within the United States and internationally, the company’s fixed-line service package also includes the capability to make local calls. Its mobile service portfolio consists of various services, including mobile value-added services, wireless roaming services, and internet access over 3G, 4G, 4.5G, and 5G networks, in addition to providing phone and broadband internet access.
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