Fmr LLC Lowers Stock Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Fmr LLC lowered its stake in Telefônica Brasil S.A. (NYSE:VIV) by 63.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,076 shares of the Wireless communications provider’s stock after selling 12,470 shares during the period. Fmr LLC’s holdings in Telefônica Brasil were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of Telefônica Brasil by 87.5% in the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after acquiring an additional 2,812 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil in the 3rd quarter worth $134,000. QRG Capital Management Inc. raised its stake in shares of Telefônica Brasil by 30.2% in the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after purchasing an additional 3,039 shares during the last quarter. First Affirmative Financial Network bought a new position in shares of Telefônica Brasil during the third quarter valued at $160,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Telefônica Brasil during the second quarter valued at $165,000. Institutional investors own 5.16% of the company’s stock.

Analysts Set New Price Targets

VIV has been the topic of several research analyst reports. Scotiabank upped their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Barclays increased their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. StockNews.com downgraded shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group dropped their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.60.

Telefônica Brasil Stock Performance

Shares of NYSE VIV opened at $7.87 on Wednesday. Telefônica Brasil S.A. has a 12-month low of $7.66 and a 12-month high of $11.43. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $8.83 and a 200 day moving average of $9.03.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $0.18 EPS. On average, research analysts anticipate that Telefônica Brasil S.A. will post 0.63 earnings per share for the current year.

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.