Oppenheimer Asset Management Inc. lifted its position in Telefonica Brasil S.A. (NYSE:VIV) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 249,778 shares of the Wireless communications provider’s stock after buying an additional 25,439 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Telefonica Brasil were worth $3,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. AXA acquired a new stake in shares of Telefonica Brasil in the first quarter worth $177,000. Bank of America Corp DE lifted its stake in shares of Telefonica Brasil by 6.8% in the first quarter. Bank of America Corp DE now owns 1,931,898 shares of the Wireless communications provider’s stock worth $28,689,000 after buying an additional 122,697 shares during the last quarter. FNY Partners Fund LP lifted its stake in shares of Telefonica Brasil by 60.8% in the first quarter. FNY Partners Fund LP now owns 16,075 shares of the Wireless communications provider’s stock worth $238,000 after buying an additional 6,075 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Telefonica Brasil by 0.4% in the first quarter. Macquarie Group Ltd. now owns 5,155,797 shares of the Wireless communications provider’s stock worth $76,566,000 after buying an additional 19,734 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Telefonica Brasil by 60.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,194,876 shares of the Wireless communications provider’s stock worth $47,443,000 after buying an additional 1,202,685 shares during the last quarter. Institutional investors and hedge funds own 10.04% of the company’s stock.

VIV has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Royal Bank Of Canada restated a “hold” rating and issued a $15.50 price objective on shares of Telefonica Brasil in a research note on Tuesday, May 16th. BidaskClub cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $15.00 price objective on shares of Telefonica Brasil in a research note on Monday, August 14th. 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 company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.33.

Telefonica Brasil S.A. (NYSE VIV) opened at 15.51 on Monday. Telefonica Brasil S.A. has a 1-year low of $11.95 and a 1-year high of $15.71. The firm has a market capitalization of $26.19 billion, a PE ratio of 20.60 and a beta of 1.35. The company’s 50-day moving average is $15.00 and its 200 day moving average is $14.61.

Telefonica Brasil (NYSE:VIV) last posted 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 return on equity of 5.91% and a net margin of 9.41%. The firm had revenue of $3.33 billion for the quarter. On average, equities analysts expect that Telefonica Brasil S.A. will post $0.90 EPS for the current fiscal year.

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Telefonica Brasil Profile

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.

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

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