Renaissance Technologies LLC Boosts Position in Telefônica Brasil S.A. (NYSE:VIV)

Renaissance Technologies LLC grew its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,828,800 shares of the Wireless communications provider’s stock after buying an additional 197,500 shares during the period. Renaissance Technologies LLC owned 0.11% of Telefônica Brasil worth $15,014,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Telefônica Brasil by 20.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 399,318 shares of the Wireless communications provider’s stock valued at $4,021,000 after buying an additional 67,414 shares during the period. Pinebridge Investments L.P. grew its stake in Telefônica Brasil by 82.7% in the fourth quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock worth $17,517,000 after purchasing an additional 725,072 shares during the period. Banco BTG Pactual S.A. purchased a new stake in Telefônica Brasil in the fourth quarter worth $6,208,000. Acadian Asset Management LLC purchased a new stake in Telefônica Brasil in the first quarter worth $650,000. Finally, Vanguard Group Inc. grew its stake in Telefônica Brasil by 6.3% in the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock worth $12,311,000 after purchasing an additional 72,388 shares during the period. 5.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Scotiabank upped their price target on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday. Barclays upped their price target on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, StockNews.com cut Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and an average target price of $10.98.

Telefônica Brasil Trading Down 1.2 %

Telefônica Brasil stock opened at $10.00 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $9.28 and its two-hundred day simple moving average is $9.24. Telefônica Brasil S.A. has a 12 month low of $8.02 and a 12 month high of $11.43. The company has a market capitalization of $16.64 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.00 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, equities analysts predict that Telefônica Brasil S.A. will post 0.61 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

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

Telefônica Brasil Company 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.