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Sunday, October 25, 2020

The Forecast Just Changed on Telefonica Brasil S.A. (NYSE:VIV)

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Telefonica Brasil S.A. (VIV) shares are trading at lower $7.74 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $12.07.

To add more color to this target, the company’s high over the last year is $13.89 and the low is $7.37. Over the last 52 weeks, VIV is down -36.18% while the S&P 500 is up 18.10%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VIV reported a profit of $247.25 million. Telefonica Brasil S.A. also saw revenues increase to $1.92 billion. In addition, VIV has free cash flow of $1.03 billion as of 06-2020. The company’s EBITDA came in at $657.1 million which compares well with its peers.

VIV booked profit margins of 10.30%, its Return on Equity (ROE) is 6.40%, and its Return on Assets is 4.10%. All told, it is clear that, VIV needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VIV has a short ratio of 2.45 and outstanding shares of 1.69B.

Company Outlook

VIV has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.47. Telefonica Brasil S.A. VIV also noted assets of $20.64 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VIV has historically followed its peers on positive news.

All told, Telefonica Brasil S.A. VIV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VIV represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Telefonica Brasil S.A. VIV is now commanding a market cap of 13.31B and a float of 446.73M. VIV is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VIV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VIV, either long or short, and we have not been compensated for this article.

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