Deprince Race & Zollo Inc. increased its position in Telefonica Brasil S.A. (NYSE:VIV) by 28.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,010 shares of the Wireless communications provider’s stock after buying an additional 24,990 shares during the period. Deprince Race & Zollo Inc.’s holdings in Telefonica Brasil were worth $1,538,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Telefonica Brasil by 2.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,604 shares of the Wireless communications provider’s stock worth $143,000 after buying an additional 200 shares during the last quarter. Princeton Alpha Management LP acquired a new stake in shares of Telefonica Brasil during the first quarter worth about $158,000. GRATRY & Co LLC boosted its stake in shares of Telefonica Brasil by 1.1% in the first quarter. GRATRY & Co LLC now owns 11,352 shares of the Wireless communications provider’s stock worth $169,000 after buying an additional 125 shares during the period. Trexquant Investment LP acquired a new stake in shares of Telefonica Brasil during the second quarter worth about $175,000. Finally, AXA acquired a new stake in shares of Telefonica Brasil during the first quarter worth about $177,000. 10.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Telefonica Brasil S.A. (VIV) opened at 14.92 on Monday. Telefonica Brasil S.A. has a 12 month low of $11.95 and a 12 month high of $15.69. The firm’s 50-day moving average is $14.55 and its 200 day moving average is $14.59. The stock has a market cap of $25.20 billion, a PE ratio of 19.71 and a beta of 1.34.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by $0.06. The firm had revenue of $3.33 billion for the quarter. Telefonica Brasil had a return on equity of 5.91% and a net margin of 9.41%. On average, equities analysts predict that Telefonica Brasil S.A. will post $0.89 EPS for the current year.

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A number of brokerages have recently issued reports on VIV. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price objective on shares of Telefonica Brasil in a research note on Monday, August 14th. Zacks Investment Research cut shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. BidaskClub raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada set a $15.00 price objective on shares of Telefonica Brasil and gave the company a “hold” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Telefonica Brasil currently has a consensus rating of “Hold” and an average price target of $15.33.

About Telefonica Brasil

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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

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