Dorsey Wright & Associates Makes New Investment in Telefonica Brasil S.A. $VIV

Dorsey Wright & Associates purchased a new stake in Telefonica Brasil S.A. (NYSE:VIV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 123,802 shares of the Wireless communications provider’s stock, valued at approximately $1,578,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VIV. Rhumbline Advisers boosted its position in shares of Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 3,266 shares in the last quarter. Westfuller Advisors LLC purchased a new position in Telefonica Brasil during the 3rd quarter valued at about $59,000. EverSource Wealth Advisors LLC raised its position in Telefonica Brasil by 214.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after acquiring an additional 3,248 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Telefonica Brasil by 45.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 1,619 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Telefonica Brasil in the first quarter valued at about $52,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VIV shares. UBS Group cut shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research note on Wednesday, March 11th. Weiss Ratings raised Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research raised Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Barclays downgraded Telefonica Brasil from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $14.50 to $16.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.42.

Telefonica Brasil Stock Performance

Shares of VIV opened at $15.74 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.00. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 0.69 and a beta of 0.68. The company’s 50 day simple moving average is $14.75 and its 200 day simple moving average is $13.23. Telefonica Brasil S.A. has a 1 year low of $8.19 and a 1 year high of $16.95.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Monday, February 23rd. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.88 billion. Telefonica Brasil had a net margin of 10.42% and a return on equity of 9.15%. On average, sell-side analysts predict 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.