MQS Management LLC Makes New Investment in Telefônica Brasil S.A. (NYSE:VIV)

MQS Management LLC acquired a new stake in shares of Telefônica Brasil S.A. (NYSE:VIV) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 45,548 shares of the Wireless communications provider’s stock, valued at approximately $374,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 3,104 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new position in shares of Telefônica Brasil during the 2nd quarter valued at about $85,000. QRG Capital Management Inc. purchased a new position in shares of Telefônica Brasil during the 2nd quarter valued at about $83,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Telefônica Brasil during the 1st quarter valued at about $123,000. Finally, Personal CFO Solutions LLC bought a new stake in Telefônica Brasil in the 4th quarter worth approximately $136,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $10.12 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. Telefônica Brasil S.A. has a fifty-two week low of $8.02 and a fifty-two week high of $11.43. The firm has a market cap of $16.84 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.00 and a beta of 0.79. The business has a 50 day moving average price of $9.26 and a 200-day moving average price of $9.25.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the company posted $0.14 EPS. Equities research analysts predict that Telefônica Brasil S.A. will post 0.61 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 27th were issued a dividend of $0.0379 per share. The ex-dividend date was Tuesday, August 27th. This represents a yield of 3.2%. Telefônica Brasil’s dividend payout ratio is presently 47.62%.

Analyst Upgrades and Downgrades

VIV has been the topic of several research reports. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Barclays lifted their target price on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.17.

Telefônica Brasil Profile

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.