Price Change to Note: What’s Ahead for Telefonica Brasil SA (ADR) After Today’s Significant Increase?

Price Change to Note: What's Ahead for Telefonica Brasil SA (ADR) After Today's Significant Increase?

The stock of Telefonica Brasil SA (ADR) (NYSE:VIV) is a huge mover today! About 947,615 shares traded hands. Telefonica Brasil SA (ADR) (NYSE:VIV) has risen 25.72% since March 8, 2016 and is uptrending. It has outperformed by 16.40% the S&P500.
The move comes after 5 months positive chart setup for the $20.36 billion company. It was reported on Oct, 11 by We have $19.93 PT which if reached, will make NYSE:VIV worth $9.37B more.

Analysts await Telefonica Brasil SA (ADR) (NYSE:VIV) to report earnings on November, 4. They expect $0.23 earnings per share, up 53.33% or $0.08 from last year’s $0.15 per share. VIV’s profit will be $343.06 million for 14.84 P/E if the $0.23 EPS becomes a reality. After $0.12 actual earnings per share reported by Telefonica Brasil SA (ADR) for the previous quarter, Wall Street now forecasts 91.67% EPS growth.

Telefonica Brasil SA (ADR) (NYSE:VIV) Ratings Coverage

Out of 3 analysts covering Telefonica Brasil S.A (NYSE:VIV), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Telefonica Brasil S.A has been the topic of 6 analyst reports since August 31, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded it to “Overweight” rating and $14 target price in Monday, August 31 report. On Wednesday, July 6 the stock rating was downgraded by Morgan Stanley to “Equal Weight”. On Tuesday, October 6 the stock rating was maintained by Barclays Capital with “Overweight”.

According to Zacks Investment Research, “Telefonica Brasil SA is engaged in providing communication, information and entertainment solutions in the telecommunication sector, in the State of Sao Paulo. The Company also provides multimedia communication services, local voice services, long-distance services, data services, Pay TV services, land-based wireless technology multichannel multipoint distribution service and network services. Telefonica Brasil SA was formerly known as Telecomunicacoes de Sao Paulo S.A.”

Another recent and important Telefonica Brasil SA (ADR) (NYSE:VIV) news was published by which published an article titled: “Telefonica Brasil SA ADR” on September 01, 2009.

VIV Company Profile

Telefonica Brasil S.A., incorporated on May 22, 1998, is a mobile telecommunications firm in Brazil offering postpaid mobile services. The Firm also operates as a fixed telecommunications firm in the state of Sao Paulo. The Firm markets its mobile services under its, Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB) (based on its Fiber to the Home infrastructure (FTTH)), Pay television (Pay TV), information technology and digital services (such as e-health, cloud and financial services). The Company’s activities consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH) (a satellite technology), Internet protocol television (IPTV) and cable; network services, including rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories. In addition, it sells handsets and accessories at its physical stores, to clients who purchase its digital services. It sells Global System for Mobile Communications (GSM) and Wideband Code Division Multiple Access (WCDMA) devices, such as handsets, smartphones, broadband universal serial bus (USB) modems and devices that are certified to be compatible with the Company’s network and service.

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