SPX Gestao de Recursos Ltda Buys New Shares in Telefônica Brasil S.A. (NYSE:VIV)

SPX Gestao de Recursos Ltda bought a new stake in Telefônica Brasil S.A. (NYSE:VIV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,870 shares of the Wireless communications provider’s stock, valued at approximately $120,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. grew its holdings 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 worth $114,704,000 after purchasing an additional 1,053,218 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 worth $12,034,000 after acquiring an additional 385,207 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Telefônica Brasil during the third quarter worth approximately $5,967,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Telefônica Brasil during the third quarter worth approximately $5,135,000. Finally, State Street Corp boosted its holdings in shares of Telefônica Brasil by 27.7% during the third quarter. State Street Corp now owns 326,954 shares of the Wireless communications provider’s stock worth $3,413,000 after acquiring an additional 70,900 shares during the period. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Performance

Shares of Telefônica Brasil stock opened at $8.48 on Tuesday. 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 S.A. has a twelve month low of $7.47 and a twelve month high of $10.63. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.84 and a beta of 0.76. The company’s fifty day moving average is $8.48 and its 200 day moving average is $8.92.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data 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. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Sell-side analysts forecast that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Analyst Ratings Changes

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

Telefônica Brasil Company 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.