Neuberger Berman Group LLC increased its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,672 shares of the Wireless communications provider’s stock after buying an additional 3,618 shares during the quarter. Neuberger Berman Group LLC’s holdings in Telefonica Brasil were worth $1,088,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. AXA acquired a new stake in shares of Telefonica Brasil in the 1st quarter valued at $177,000. Trexquant Investment LP acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at $175,000. Sei Investments Co. boosted its holdings in shares of Telefonica Brasil by 9.2% in the 1st quarter. Sei Investments Co. now owns 15,340 shares of the Wireless communications provider’s stock valued at $228,000 after purchasing an additional 1,287 shares in the last quarter. State of Wisconsin Investment Board acquired a new stake in shares of Telefonica Brasil in the 1st quarter valued at $235,000. Finally, FNY Partners Fund LP boosted its holdings in shares of Telefonica Brasil by 60.8% in the 1st quarter. FNY Partners Fund LP now owns 16,075 shares of the Wireless communications provider’s stock valued at $238,000 after purchasing an additional 6,075 shares in the last quarter. 10.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Telefonica Brasil S.A. (VIV) opened at 16.50 on Tuesday. Telefonica Brasil S.A. has a one year low of $11.95 and a one year high of $16.73. The firm has a 50 day moving average price of $15.46 and a 200-day moving average price of $14.69. The firm has a market cap of $27.86 billion, a P/E ratio of 21.88 and a beta of 1.35.
Telefonica Brasil (NYSE:VIV) last released its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $3.33 billion for the quarter. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. Analysts forecast that Telefonica Brasil S.A. will post $0.90 earnings per share for the current year.
A number of equities research analysts have weighed in on VIV shares. Zacks Investment Research raised Telefonica Brasil from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, May 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 target price on shares of Telefonica Brasil in a report on Monday, August 14th. Royal Bank Of Canada set a $15.00 target price on Telefonica Brasil and gave the company a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub downgraded Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.33.
Telefonica Brasil Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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