Telefônica Brasil S.A. (NYSE:VIV) Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Telefônica Brasil S.A. (NYSE:VIVFree Report) by 67.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,818 shares of the Wireless communications provider’s stock after acquiring an additional 1,543 shares during the period. GAMMA Investing LLC’s holdings in Telefônica Brasil were worth $29,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its holdings 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 worth $62,000 after purchasing an additional 2,812 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil during the 3rd quarter worth about $134,000. QRG Capital Management Inc. increased its holdings in shares of Telefônica Brasil by 30.2% during the 3rd quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock valued at $134,000 after acquiring an additional 3,039 shares during the last quarter. First Affirmative Financial Network acquired a new position in shares of Telefônica Brasil during the 3rd quarter valued at about $160,000. Finally, Atomi Financial Group Inc. raised its stake in shares of Telefônica Brasil by 30.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 18,873 shares of the Wireless communications provider’s stock valued at $194,000 after acquiring an additional 4,421 shares in the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Price Performance

NYSE:VIV opened at $7.74 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Telefônica Brasil S.A. has a 12-month low of $7.47 and a 12-month high of $11.43. The stock’s 50 day moving average price is $8.31 and its two-hundred day moving average price is $8.96. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.78 and a beta of 0.78.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. New Street Research lowered 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 upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. The Goldman Sachs Group lowered their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, 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. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.47.

Read Our Latest Report on Telefônica Brasil

About Telefônica Brasil

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Telefônica Brasil (NYSE:VIV)

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