Telefonica Brasil S.A. $VIV Stock Position Raised by Aberdeen Group plc

Aberdeen Group plc grew its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,911,556 shares of the Wireless communications provider’s stock after buying an additional 63,816 shares during the quarter. Aberdeen Group plc owned approximately 0.18% of Telefonica Brasil worth $36,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in VIV. Royal Bank of Canada lifted its stake in Telefonica Brasil by 30.3% in the first quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider’s stock valued at $3,758,000 after acquiring an additional 100,315 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Telefonica Brasil during the 1st quarter valued at $52,000. Rhumbline Advisers lifted its stake 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 valued at $37,000 after purchasing an additional 3,266 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Telefonica Brasil by 10.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 54,279 shares of the Wireless communications provider’s stock worth $619,000 after purchasing an additional 5,189 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Telefonica Brasil during the second quarter worth $424,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Telefonica Brasil Trading Down 1.2%

Shares of VIV opened at $15.73 on Tuesday. The stock’s 50-day moving average price is $13.07 and its 200 day moving average price is $12.68. 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 firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 0.88 and a beta of 0.71. Telefonica Brasil S.A. has a 12-month low of $8.09 and a 12-month high of $16.47.

Telefonica Brasil (NYSE:VIV) last announced 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 return on equity of 8.67% and a net margin of 10.37%.The company had revenue of $2.81 billion for the quarter. As a group, research analysts predict that Telefonica Brasil S.A. will post 0.6 earnings per share 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.