Telefônica Brasil S.A. (NYSE:VIV) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 2.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,787 shares of the Wireless communications provider’s stock after purchasing an additional 2,304 shares during the period. Natixis Advisors LLC’s holdings in Telefônica Brasil were worth $881,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VIV. Blue Trust Inc. increased its position in shares of Telefônica Brasil by 2,821.8% during the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 3,104 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. acquired a new position in shares of Telefônica Brasil in the 2nd quarter valued at approximately $85,000. QRG Capital Management Inc. purchased a new position in shares of Telefônica Brasil during the 2nd quarter valued at approximately $83,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telefônica Brasil during the first quarter worth approximately $123,000. Finally, Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil in the third quarter worth $134,000. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Price Performance

Shares of NYSE VIV opened at $8.66 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The firm has a market capitalization of $14.41 billion, a PE ratio of 13.75, a P/E/G ratio of 0.90 and a beta of 0.81. Telefônica Brasil S.A. has a 1-year low of $8.02 and a 1-year high of $11.43. The business’s fifty day moving average price is $9.44 and its two-hundred day moving average price is $9.09.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data 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 business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same quarter last year, the company earned $0.18 EPS. On average, research analysts expect that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on VIV. StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Monday. Barclays lifted their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday. Finally, Scotiabank increased their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.07.

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.