Telefônica Brasil S.A. (NYSE:VIV) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in Telefônica Brasil S.A. (NYSE:VIV) by 5.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,708 shares of the Wireless communications provider’s stock after buying an additional 1,236 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Telefônica Brasil were worth $243,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in shares of Telefônica Brasil by 5.9% during the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after acquiring an additional 1,080 shares during the period. Kathmere Capital Management LLC raised its stake in shares of Telefônica Brasil by 4.1% during the 2nd quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after buying an additional 1,150 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Telefônica Brasil by 0.5% in the 1st quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock valued at $3,323,000 after buying an additional 1,500 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Telefônica Brasil by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 1,558 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Telefônica Brasil by 5.0% during the second quarter. V Square Quantitative Management LLC now owns 50,378 shares of the Wireless communications provider’s stock worth $415,000 after acquiring an additional 2,382 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

VIV has been the subject of a number of recent analyst reports. Barclays raised their target price on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. Finally, Scotiabank increased their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Price Performance

Telefônica Brasil stock opened at $8.99 on Thursday. Telefônica Brasil S.A. has a 52 week low of $8.02 and a 52 week high of $11.43. The firm has a market capitalization of $14.96 billion, a PE ratio of 14.27, a P/E/G ratio of 0.89 and a beta of 0.81. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $9.56 and its 200 day simple moving average is $9.11.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, equities research analysts predict that Telefônica Brasil S.A. will post 0.61 EPS for the current fiscal year.

About Telefônica Brasil

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.