Investors Research Corp Trims Stock Position in Telefônica Brasil S.A. (NYSE:VIV)

Investors Research Corp lessened its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,100 shares of the Wireless communications provider’s stock after selling 1,225 shares during the period. Investors Research Corp’s holdings in Telefônica Brasil were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock worth $2,716,000 after purchasing an additional 77,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Telefônica Brasil by 49.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after buying an additional 385,207 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Telefônica Brasil by 7.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after buying an additional 1,053,218 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Telefônica Brasil during the third quarter valued at $5,135,000. Finally, GAMMA Investing LLC grew its position in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,543 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Down 0.6 %

Shares of NYSE VIV opened at $8.48 on Tuesday. The company’s 50-day simple moving average is $8.48 and its 200-day simple moving average is $8.92. Telefônica Brasil S.A. has a 52-week low of $7.47 and a 52-week high of $10.63. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Equities analysts predict that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on VIV shares. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday. Scotiabank dropped their price target on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group dropped their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $11.80 to $11.50 in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.97.

Telefônica Brasil Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.