Investors Research Corp Decreases Stake in Telefônica Brasil S.A. (NYSE:VIV)

Investors Research Corp reduced its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,100 shares of the Wireless communications provider’s stock after selling 1,225 shares during the period. Investors Research Corp’s holdings in Telefônica Brasil were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock worth $2,716,000 after purchasing an additional 77,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Telefônica Brasil by 49.0% during the third 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 purchasing an additional 385,207 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Telefônica Brasil by 7.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after purchasing an additional 1,053,218 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Telefônica Brasil during the third quarter worth about $5,135,000. Finally, GAMMA Investing LLC raised its stake in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,543 shares during the period. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefônica Brasil Trading Down 0.6 %

Shares of VIV stock opened at $8.48 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The stock has a market capitalization of $14.01 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a 50 day moving average price of $8.48 and a 200 day moving average price of $8.92. Telefônica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $10.63.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Equities research analysts predict that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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