Telefonica Brasil S.A. (VIV) Position Increased by Brandes Investment Partners LP
Brandes Investment Partners LP raised its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,932,269 shares of the Wireless communications provider’s stock after buying an additional 29,472 shares during the period. Telefonica Brasil makes up approximately 2.4% of Brandes Investment Partners LP’s holdings, making the stock its 11th largest position. Brandes Investment Partners LP owned about 0.65% of Telefonica Brasil worth $150,586,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its stake in shares of Telefonica Brasil by 11.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 249,778 shares of the Wireless communications provider’s stock valued at $3,369,000 after buying an additional 25,439 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in shares of Telefonica Brasil during the second quarter valued at $789,000. Neuberger Berman Group LLC boosted its stake in shares of Telefonica Brasil by 4.7% in the second quarter. Neuberger Berman Group LLC now owns 80,672 shares of the Wireless communications provider’s stock valued at $1,088,000 after buying an additional 3,618 shares during the last quarter. Airain ltd purchased a new stake in shares of Telefonica Brasil during the second quarter valued at $1,177,000. Finally, Aviva PLC boosted its stake in shares of Telefonica Brasil by 24.2% in the second quarter. Aviva PLC now owns 1,497,576 shares of the Wireless communications provider’s stock valued at $20,202,000 after buying an additional 291,613 shares during the last quarter. Institutional investors own 10.04% of the company’s stock.
Telefonica Brasil S.A. (NYSE VIV) traded up 0.97% during midday trading on Friday, hitting $15.55. The stock had a trading volume of 131,275 shares. The stock has a market cap of $26.26 billion, a PE ratio of 20.65 and a beta of 1.34. Telefonica Brasil S.A. has a 52-week low of $11.95 and a 52-week high of $15.71. The company’s 50 day moving average price is $14.96 and its 200-day moving average price is $14.61.
Telefonica Brasil (NYSE:VIV) last issued its earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.06. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. The firm had revenue of $3.33 billion for the quarter. Analysts forecast that Telefonica Brasil S.A. will post $0.90 EPS for the current fiscal year.
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Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price target on shares of Telefonica Brasil in a research note on Monday, August 14th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.50 price target on shares of Telefonica Brasil in a research note on Tuesday, May 16th. Finally, BidaskClub raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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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