83,640 Shares in Telefonica Brasil S.A. $VIV Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new position in shares of Telefonica Brasil S.A. (NYSE:VIV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 83,640 shares of the Wireless communications provider’s stock, valued at approximately $1,066,000.

A number of other hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $65,602,000 after purchasing an additional 2,036,349 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Telefonica Brasil by 11.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,000,115 shares of the Wireless communications provider’s stock worth $216,751,000 after buying an additional 1,735,958 shares during the last quarter. Jane Street Group LLC acquired a new stake in Telefonica Brasil during the 2nd quarter valued at approximately $4,192,000. Carrera Capital Advisors boosted its holdings in shares of Telefonica Brasil by 2,420.5% in the 3rd quarter. Carrera Capital Advisors now owns 344,055 shares of the Wireless communications provider’s stock valued at $4,387,000 after acquiring an additional 330,405 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 valued at $8,313,000 after acquiring an additional 279,980 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VIV shares. Barclays restated an “overweight” rating and set a $14.50 target price on shares of Telefonica Brasil in a research report on Monday, November 3rd. Weiss Ratings upgraded Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 23rd. Bank of America began coverage on Telefonica Brasil in a report on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price objective for the company. Finally, Wall Street Zen raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.12.

Telefonica Brasil Stock Up 1.4%

Shares of VIV opened at $14.91 on Friday. The firm has a market cap of $24.25 billion, a P/E ratio of 22.59, a PEG ratio of 0.90 and a beta of 0.71. Telefonica Brasil S.A. has a 12 month low of $8.09 and a 12 month high of $14.94. The stock’s 50 day moving average is $12.72 and its two-hundred day moving average is $12.48. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. Telefonica Brasil had a return on equity of 8.67% and a net margin of 10.37%.The firm had revenue of $2.81 billion for the quarter. Analysts predict that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal 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.