Robeco Institutional Asset Management B.V. Raises Stock Position in Telefonica Brasil S.A. $VIV

Robeco Institutional Asset Management B.V. raised its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,000,115 shares of the Wireless communications provider’s stock after purchasing an additional 1,735,958 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Telefonica Brasil were worth $216,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its stake in Telefonica Brasil by 3.7% in the 3rd quarter. Signaturefd LLC now owns 24,891 shares of the Wireless communications provider’s stock valued at $317,000 after buying an additional 886 shares in the last quarter. Shilanski & Associates Inc. acquired a new position in shares of Telefonica Brasil during the third quarter valued at approximately $252,000. Ethic Inc. lifted its position in shares of Telefonica Brasil by 16.9% in the third quarter. Ethic Inc. now owns 164,358 shares of the Wireless communications provider’s stock valued at $2,096,000 after acquiring an additional 23,782 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Telefonica Brasil during the third quarter worth approximately $240,000. Finally, Blue Trust Inc. raised its stake in Telefonica Brasil by 865.2% in the 3rd quarter. Blue Trust Inc. now owns 11,264 shares of the Wireless communications provider’s stock valued at $144,000 after purchasing an additional 10,097 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Bank of America initiated coverage on Telefonica Brasil in a report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price target on the stock. Morgan Stanley set a $12.00 price objective on shares of Telefonica Brasil in a report on Wednesday, October 8th. Weiss Ratings downgraded shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 29th. Finally, Citigroup assumed coverage on shares of Telefonica Brasil in a report on Wednesday, September 10th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.12.

Telefonica Brasil Stock Up 1.4%

Shares of NYSE:VIV opened at $12.24 on Tuesday. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.73 and a beta of 0.70. Telefonica Brasil S.A. has a 12-month low of $7.60 and a 12-month high of $13.31. The business has a 50-day moving average price of $12.46 and a 200 day moving average price of $12.14. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share for the quarter. Telefonica Brasil had a net margin of 10.37% and a return on equity of 8.67%. The company had revenue of $2.81 billion during the quarter. Sell-side analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Telefonica Brasil Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.