First Trust Advisors LP lifted its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 597.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,231 shares of the Wireless communications provider’s stock after purchasing an additional 96,988 shares during the quarter. First Trust Advisors LP’s holdings in Telefonica Brasil were worth $1,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in shares of Telefonica Brasil by 0.5% during the 1st quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock worth $963,000 after purchasing an additional 344 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Telefonica Brasil by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock worth $3,273,000 after purchasing an additional 1,212 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Telefonica Brasil by 9.2% during the 1st quarter. Sei Investments Co. now owns 15,340 shares of the Wireless communications provider’s stock worth $228,000 after purchasing an additional 1,287 shares in the last quarter. Foyston Gordon & Payne Inc grew its holdings in shares of Telefonica Brasil by 2.0% during the 1st quarter. Foyston Gordon & Payne Inc now owns 90,682 shares of the Wireless communications provider’s stock worth $1,347,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Telefonica Brasil by 13.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,728 shares of the Wireless communications provider’s stock worth $308,000 after purchasing an additional 2,514 shares in the last quarter. 10.04% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $15.00 target price on shares of Telefonica Brasil in a report on Monday, August 14th. Zacks Investment Research lowered Telefonica Brasil from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. BidaskClub raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada set a $15.00 target price on Telefonica Brasil and gave the stock a “hold” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.33.

Shares of Telefonica Brasil S.A. (NYSE VIV) opened at 16.53 on Friday. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 21.92 and a beta of 1.35. Telefonica Brasil S.A. has a 12-month low of $11.95 and a 12-month high of $16.55. The stock’s 50 day moving average price is $15.42 and its 200 day moving average price is $14.67.

Telefonica Brasil (NYSE:VIV) last posted its earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $3.33 billion for the quarter. Equities research analysts expect that Telefonica Brasil S.A. will post $0.90 earnings per share for the current 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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