Diversify Advisory Services LLC Makes New Investment in Telefonica Brasil S.A. $VIV

Diversify Advisory Services LLC bought a new position in Telefonica Brasil S.A. (NYSE:VIV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,958 shares of the Wireless communications provider’s stock, valued at approximately $420,000.

Several other large investors have also recently bought and sold shares of the business. Rhumbline Advisers increased its stake in Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 3,266 shares during the period. Westfuller Advisors LLC acquired a new stake in Telefonica Brasil in the 3rd quarter worth approximately $59,000. EverSource Wealth Advisors LLC grew 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 valued at $54,000 after buying an additional 3,248 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Telefonica Brasil by 45.7% in the second 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 during the period. Finally, Advisors Asset Management Inc. acquired a new position in shares of Telefonica Brasil during the first quarter worth approximately $52,000. 5.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research raised Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Bank of America initiated coverage on Telefonica Brasil in a report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price target for the company. Barclays reiterated an “equal weight” rating and set a $16.00 target price (up from $14.50) on shares of Telefonica Brasil in a research report on Thursday. UBS Group lowered Telefonica Brasil from a “buy” rating to a “sell” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Telefonica Brasil presently has an average rating of “Hold” and an average target price of $13.42.

Telefonica Brasil Price Performance

Shares of NYSE VIV opened at $15.37 on Friday. The business’s 50 day moving average price is $14.55 and its two-hundred day moving average price is $13.16. Telefonica Brasil S.A. has a twelve month low of $8.19 and a twelve month high of $16.95. The company has a market cap of $25.01 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 0.71 and a beta of 0.68. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

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

Telefonica Brasil Profile

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.