Mirae Asset Global Investments Co. Ltd. Purchases 1,873 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,037 shares of the Wireless communications provider’s stock after buying an additional 1,873 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Telefônica Brasil were worth $151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares during the last quarter. R Squared Ltd purchased a new stake in Telefônica Brasil in the fourth quarter valued at approximately $37,000. Blue Trust Inc. raised its stake in Telefônica Brasil by 87.5% in the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock valued at $62,000 after purchasing an additional 2,812 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in Telefônica Brasil during the fourth quarter valued at approximately $78,000. Finally, QRG Capital Management Inc. grew its stake in Telefônica Brasil by 30.2% in the 3rd quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after buying an additional 3,039 shares in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VIV. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays increased their target price on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday, November 25th. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, The Goldman Sachs Group reduced their price objective on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and a consensus price target of $10.47.

Telefônica Brasil Price Performance

VIV stock opened at $9.24 on Friday. The firm has a market cap of $15.26 billion, a P/E ratio of 14.66, a P/E/G ratio of 0.82 and a beta of 0.79. The firm’s fifty day moving average is $8.21 and its 200 day moving average is $8.95. Telefônica Brasil S.A. has a 52 week low of $7.47 and a 52 week high of $11.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96.

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.