Telefônica Brasil S.A. (NYSE:VIV) Stock Position Raised by US Bancorp DE

US Bancorp DE lifted its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 150.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,450 shares of the Wireless communications provider’s stock after buying an additional 27,315 shares during the period. US Bancorp DE’s holdings in Telefônica Brasil were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VIV. Oppenheimer Asset Management Inc. grew its position in shares of Telefônica Brasil by 5.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock valued at $243,000 after buying an additional 1,236 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Telefônica Brasil by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 85,787 shares of the Wireless communications provider’s stock valued at $881,000 after buying an additional 2,304 shares during the last quarter. Caprock Group LLC boosted its stake in Telefônica Brasil by 37.7% during the 3rd quarter. Caprock Group LLC now owns 71,738 shares of the Wireless communications provider’s stock valued at $737,000 after purchasing an additional 19,628 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Telefônica Brasil during the 3rd quarter valued at about $198,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Telefônica Brasil by 49.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after purchasing an additional 385,207 shares during the period. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Trading Up 2.2 %

Shares of NYSE:VIV opened at $8.56 on Friday. 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 company has a 50 day moving average of $8.53 and a 200-day moving average of $8.91. Telefônica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $10.63. The firm has a market cap of $14.15 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.84 and a beta of 0.76.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. As a group, analysts anticipate that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VIV. Scotiabank reduced their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Barclays raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $11.80 to $11.50 in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Telefônica Brasil has a consensus rating of “Moderate Buy” and a consensus target price of $9.97.

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.