SPX Gestao de Recursos Ltda Invests $120,000 in Telefônica Brasil S.A. (NYSE:VIV)

SPX Gestao de Recursos Ltda acquired a new position in shares of Telefônica Brasil S.A. (NYSE:VIV) during the fourth quarter, Holdings Channel reports. The fund acquired 15,870 shares of the Wireless communications provider’s stock, valued at approximately $120,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantinno Capital Management LP boosted its position in shares of Telefônica Brasil by 3.5% during the 3rd quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after purchasing an additional 1,136 shares in the last quarter. Oppenheimer Asset Management Inc. boosted 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 worth $243,000 after purchasing an additional 1,236 shares in the last quarter. 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 worth $29,000 after purchasing an additional 1,543 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Telefônica Brasil by 10.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider’s stock worth $151,000 after purchasing an additional 1,873 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,933 shares during the last quarter. Institutional investors own 5.16% of the company’s stock.

Analysts Set New Price Targets

VIV has been the topic of a number of analyst reports. Scotiabank lowered their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday. Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $11.80 to $11.50 in a report on Monday, March 3rd. The Goldman Sachs Group lowered their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.97.

Telefônica Brasil Stock Down 0.6 %

Shares of NYSE:VIV opened at $8.48 on Tuesday. The firm has a fifty day moving average price of $8.48 and a two-hundred day moving average price of $8.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. Telefônica Brasil S.A. has a one year low of $7.47 and a one year high of $10.63. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.84 and a beta of 0.76.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $2.50 billion for 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%. Analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

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.