Amundi Boosts Holdings in Telefonica Brasil S.A. $VIV

Amundi raised its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,257,476 shares of the Wireless communications provider’s stock after buying an additional 229,986 shares during the quarter. Amundi owned about 0.08% of Telefonica Brasil worth $14,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ramirez Asset Management Inc. purchased a new position in Telefonica Brasil during the second quarter valued at $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. Arrowstreet Capital Limited Partnership grew its position in shares of Telefonica Brasil by 54.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,754,523 shares of the Wireless communications provider’s stock valued at $65,602,000 after purchasing an additional 2,036,349 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Telefonica Brasil by 62.3% in the second 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. Finally, American Century Companies Inc. lifted its position in shares of Telefonica Brasil by 23.7% in the first quarter. American Century Companies Inc. now owns 150,128 shares of the Wireless communications provider’s stock worth $1,309,000 after buying an additional 28,749 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Performance

NYSE:VIV opened at $12.47 on Thursday. The firm has a market capitalization of $20.28 billion, a PE ratio of 18.89, a PEG ratio of 0.98 and a beta of 0.69. The stock’s fifty day moving average is $12.55 and its 200 day moving average is $11.93. Telefonica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $13.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 1.02.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley set a $12.00 price target on Telefonica Brasil in a report on Wednesday, October 8th. Citigroup began coverage on Telefonica Brasil in a research report on Wednesday, September 10th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Telefonica Brasil in a research report on Monday. Zacks Research downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Wall Street Zen raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.90.

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.