Telefonica Brasil S.A. $VIV Stock Holdings Raised by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 54.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,754,523 shares of the Wireless communications provider’s stock after acquiring an additional 2,036,349 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.35% of Telefonica Brasil worth $65,602,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ramirez Asset Management Inc. bought a new stake in Telefonica Brasil in the second quarter worth about $4,866,000. Modern Wealth Management LLC bought a new position in shares of Telefonica Brasil during the 1st quarter valued at about $423,000. Envestnet Asset Management Inc. grew its stake in shares of Telefonica Brasil by 62.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 729,193 shares of the Wireless communications provider’s stock worth $8,313,000 after purchasing an additional 279,980 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Telefonica Brasil by 23.7% in the 1st quarter. American Century Companies Inc. now owns 150,128 shares of the Wireless communications provider’s stock worth $1,309,000 after purchasing an additional 28,749 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Telefonica Brasil by 36.4% during the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider’s stock valued at $12,605,000 after purchasing an additional 385,848 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays reiterated an “overweight” rating and set a $14.50 price objective on shares of Telefonica Brasil in a research report on Monday, November 3rd. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Morgan Stanley set a $12.00 price target on Telefonica Brasil in a research report on Wednesday, October 8th. Citigroup assumed coverage on shares of Telefonica Brasil in a report on Wednesday, September 10th. They set a “neutral” rating for the company. Finally, Zacks Research lowered shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.90.

Telefonica Brasil Stock Performance

NYSE:VIV opened at $13.06 on Friday. The firm has a market capitalization of $21.24 billion, a PE ratio of 19.78, a PEG ratio of 1.03 and a beta of 0.69. Telefonica Brasil S.A. has a 1 year low of $7.47 and a 1 year high of $13.31. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $12.57 and its 200 day simple moving average is $11.84.

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

Telefonica 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.