Caprock Group LLC Makes New Investment in Telefonica Brasil S.A. $VIV

Caprock Group LLC purchased a new position in Telefonica Brasil S.A. (NYSE:VIV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 173,534 shares of the Wireless communications provider’s stock, valued at approximately $2,173,000.

A number of other large investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its position in Telefonica Brasil by 3.7% during the third quarter. Signaturefd LLC now owns 24,891 shares of the Wireless communications provider’s stock valued at $317,000 after acquiring an additional 886 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Telefonica Brasil by 2.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 40,454 shares of the Wireless communications provider’s stock worth $461,000 after acquiring an additional 1,109 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Telefonica Brasil by 45.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 1,619 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Telefonica Brasil by 28.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,620 shares of the Wireless communications provider’s stock worth $87,000 after acquiring an additional 1,701 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Telefonica Brasil by 27.8% during the 3rd quarter. Rhumbline Advisers now owns 8,451 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 1,840 shares during the period. 5.16% of the stock is currently owned by institutional investors.

Telefonica Brasil Price Performance

Telefonica Brasil stock opened at $15.73 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $13.01 and a 200-day simple moving average of $12.63. Telefonica Brasil S.A. has a 52-week low of $8.09 and a 52-week high of $16.47. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 0.90 and a beta of 0.71.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 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 during the quarter. On average, equities analysts anticipate that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.