Diversify Wealth Management LLC Makes New Investment in Telefonica Brasil S.A. $VIV

Diversify Wealth Management LLC purchased a new stake in Telefonica Brasil S.A. (NYSE:VIV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,588 shares of the Wireless communications provider’s stock, valued at approximately $1,185,000.

Several other large investors have also modified their holdings of VIV. Rhumbline Advisers grew its holdings in shares of Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 3,266 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Telefonica Brasil in the 1st quarter valued at $52,000. EverSource Wealth Advisors LLC increased its stake in Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 3,248 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Telefonica Brasil by 45.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 1,619 shares in the last quarter. Finally, Westfuller Advisors LLC acquired a new stake in Telefonica Brasil during the 3rd quarter worth about $59,000. 5.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VIV has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research upgraded shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America began coverage on shares of Telefonica Brasil in a research report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price objective on the stock. Weiss Ratings raised shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Barclays restated an “overweight” rating and issued a $14.50 target price on shares of Telefonica Brasil in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Telefonica Brasil has an average rating of “Hold” and a consensus target price of $13.12.

Telefonica Brasil Stock Up 2.1%

Telefonica Brasil stock opened at $16.92 on Friday. Telefonica Brasil S.A. has a twelve month low of $8.09 and a twelve month high of $16.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.00. The firm has a market cap of $27.52 billion, a PE ratio of 24.16, a P/E/G ratio of 0.78 and a beta of 0.71. The firm’s 50 day moving average price is $13.79 and its two-hundred day moving average price is $12.94.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Monday, February 23rd. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Telefonica Brasil had a net margin of 10.42% and a return on equity of 9.15%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.88 billion. On average, research analysts predict that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.