<div id="readability-page-1"><p>Telefonica Brasil (NYSE:VIV - Get Free Report) released its earnings results on Thursday. The Wireless communications provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03, Zacks reports. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.</p><div><p><span></span><span>Get <strong>Telefonica Brasil</strong> alerts:</span></p></div><h2>Telefonica Brasil Trading Down 1.8%</h2><p>Telefonica Brasil stock traded down $0.23 during trading hours on Thursday, reaching $12.55. 1,353,490 shares of the company's stock were exchanged, compared to its average volume of 1,177,080. The firm's 50 day simple moving average is $12.41 and its 200 day simple moving average is $11.38. Telefonica Brasil has a twelve month low of $7.47 and a twelve month high of $12.97. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $20.41 billion, a PE ratio of 20.23, a PEG ratio of 0.87 and a beta of 0.77. </p><h2>Analyst Upgrades and Downgrades</h2><p>VIV has been the topic of several research analyst reports. Scotiabank raised their price objective on Telefonica Brasil from $8.80 to $12.50 and gave the company a &#34;sector perform&#34; rating in a research note on Thursday, July 31st. Zacks Research cut shares of Telefonica Brasil from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, August 22nd. Barclays  restated an &#34;overweight&#34; rating and issued a $13.00 target price (up previously from $12.50) on shares of Telefonica Brasil in a research report on Thursday, August 7th. Morgan Stanley  set a $12.00 price target on shares of Telefonica Brasil in a report on Wednesday, October 8th. Finally, JPMorgan Chase &amp; Co.  reiterated an &#34;underweight&#34; rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, five have assigned  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of &#34;Hold&#34; and a consensus price target of $12.53.</p><p><b>Check Out Our Latest Research Report on Telefonica Brasil</b></p><h2>Institutional Investors Weigh In On Telefonica Brasil</h2><p>A number of hedge funds have recently added to or reduced their stakes in VIV. Rhumbline Advisers grew its holdings in  Telefonica Brasil by 337.7% during the first 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 in the last quarter.  Advisors Asset Management Inc. purchased a new position in  Telefonica Brasil in the first quarter valued at approximately $52,000.  EverSource Wealth Advisors LLC grew its stake in shares of  Telefonica Brasil by 214.0% during the 2nd 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.  Corient Private Wealth LLC raised its position in shares of  Telefonica Brasil by 100.9% in the second quarter. Corient Private Wealth LLC now owns 42,984 shares of the Wireless communications provider's stock valued at $490,000 after purchasing an additional 21,584 shares during the period.  Finally, Vident Advisory LLC lifted its position in shares of  Telefonica Brasil by 36.1% during the second quarter. Vident Advisory LLC now owns 46,299 shares of the Wireless communications provider's stock worth $528,000 after acquiring an additional 12,276 shares in the last quarter. Institutional investors and hedge funds own  5.16% of the company's stock. </p><h2>About Telefonica Brasil</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Telefonica Brasil</li><li>5 discounted opportunities for dividend growth investors</li><li>Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause Moment</li><li>Stock Market Upgrades: What Are They?</li><li>NVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth Game</li><li>The 3 Best Retail Stocks to Shop for in August</li><li>Hold Ratings, High Rewards? 3 Stocks That Could Defy Expectations</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVZJVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVZJVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Telefonica Brasil Right Now?</h2><p>Before you consider Telefonica Brasil, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telefonica Brasil wasn't on the list.</p><p>While Telefonica Brasil currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Telefonica Brasil (NYSE:VIV) reported quarterly earnings of $0.22 EPS, exceeding analysts' expectations of $0.19. The company has a return on equity of 8.32% and a net margin of 10.13%. Despite the positive earnings, the stock fell 1.8% to $12.55. Analysts have mixed ratings on the stock, with two Buy ratings, five Hold ratings, and one Sell rating. The average target price is $12.53. Institutional investors hold 5.16% of the company's shares, indicating some interest in the stock.</p>

Telefonica Brasil (NYSE:VIV) Issues Quarterly Earnings Results