Stifel Financial Corp Purchases 77,005 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Stifel Financial Corp lifted its position in Telefônica Brasil S.A. (NYSE:VIV) by 41.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 264,413 shares of the Wireless communications provider’s stock after purchasing an additional 77,005 shares during the quarter. Stifel Financial Corp’s holdings in Telefônica Brasil were worth $2,716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in Telefônica Brasil by 49.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after acquiring an additional 385,207 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Telefônica Brasil by 308.7% in the second quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider’s stock worth $2,166,000 after purchasing an additional 199,546 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Telefônica Brasil in the second quarter valued at approximately $842,000. Brandes Investment Partners LP lifted its position in Telefônica Brasil by 14.3% during the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock valued at $18,261,000 after purchasing an additional 275,569 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Telefônica Brasil in the 3rd quarter worth approximately $5,135,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VIV shares. StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th. Barclays raised their price target on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Scotiabank increased their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Telefônica Brasil has a consensus rating of “Hold” and a consensus price target of $11.07.

Telefônica Brasil Stock Down 4.2 %

Shares of NYSE:VIV opened at $7.70 on Thursday. Telefônica Brasil S.A. has a 12-month low of $7.66 and a 12-month high of $11.43. 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 stock’s 50-day moving average price is $8.93 and its 200-day moving average price is $9.04. The stock has a market capitalization of $12.81 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78.

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

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.