Amundi Sells 60,368 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Amundi reduced its holdings in Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,027,490 shares of the Wireless communications provider's stock after selling 60,368 shares during the quarter. Amundi owned about 0.06% of Telefônica Brasil worth $7,963,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VIV. Robeco Institutional Asset Management B.V. increased its stake in shares of Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider's stock valued at $114,704,000 after acquiring an additional 1,053,218 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Telefônica Brasil by 49.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider's stock valued at $12,034,000 after purchasing an additional 385,207 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Telefônica Brasil in the third quarter valued at $5,967,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Telefônica Brasil during the third quarter valued at about $5,135,000. Finally, State Street Corp boosted its position in shares of Telefônica Brasil by 27.7% during the 3rd quarter. State Street Corp now owns 326,954 shares of the Wireless communications provider's stock worth $3,413,000 after purchasing an additional 70,900 shares in the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. New Street Research downgraded Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. StockNews.com raised Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 7th. Scotiabank reduced their price target on shares of Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Barclays upgraded shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $11.80 to $11.50 in a report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.97.

Telefônica Brasil Stock Performance

VIV stock traded down $0.06 during midday trading on Wednesday, reaching $8.91. 765,552 shares of the company's stock traded hands, compared to its average volume of 885,176. Telefônica Brasil S.A. has a 52 week low of $7.47 and a 52 week high of $10.41. The firm has a market capitalization of $14.72 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The company has a 50-day moving average price of $8.61 and a two-hundred day moving average price of $8.89.

Telefônica Brasil (NYSE:VIV - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. As a group, equities analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Telefônica Brasil Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.