Invesco Ltd. Boosts Stake in Telefonica Brasil S.A. $VIV

Invesco Ltd. raised its holdings in Telefonica Brasil S.A. (NYSE:VIV) by 36.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,445,527 shares of the Wireless communications provider’s stock after purchasing an additional 385,848 shares during the quarter. Invesco Ltd. owned 0.09% of Telefonica Brasil worth $12,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its position in Telefonica Brasil by 39.3% in the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 1,067 shares during the period. Rhumbline Advisers raised its position in Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 3,266 shares during the period. Parvin Asset Management LLC purchased a new stake in Telefonica Brasil in the fourth quarter valued at approximately $51,000. GeoWealth Management LLC raised its position in Telefonica Brasil by 1,429.4% in the fourth quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 7,976 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Telefonica Brasil by 984.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,251 shares of the Wireless communications provider’s stock valued at $70,000 after purchasing an additional 8,398 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank boosted their target price on Telefonica Brasil from $8.80 to $12.50 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. The Goldman Sachs Group upped their target price on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Finally, Barclays reaffirmed an “overweight” rating and set a $13.00 target price (up from $12.50) on shares of Telefonica Brasil in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Telefonica Brasil has a consensus rating of “Hold” and a consensus price target of $12.70.

Telefonica Brasil Trading Up 1.6%

VIV opened at $12.6450 on Friday. Telefonica Brasil S.A. has a one year low of $7.47 and a one year high of $12.66. The company has a market cap of $20.57 billion, a P/E ratio of 20.40, a PEG ratio of 0.86 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.98. The business’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $13.12.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Monday, July 28th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $14.48 billion. As a group, equities research analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

About Telefonica Brasil

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.