Telefônica Brasil S.A. (NYSE:VIV) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP cut its stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,730,834 shares of the Wireless communications provider's stock after selling 227,287 shares during the period. Brandes Investment Partners LP owned about 0.17% of Telefônica Brasil worth $20,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider's stock worth $29,000 after acquiring an additional 1,543 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Telefônica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock valued at $31,000 after purchasing an additional 1,933 shares during the period. R Squared Ltd purchased a new stake in Telefônica Brasil during the fourth quarter worth $37,000. Blue Trust Inc. lifted its holdings in Telefônica Brasil by 46.4% during the fourth quarter. Blue Trust Inc. now owns 8,823 shares of the Wireless communications provider's stock worth $67,000 after buying an additional 2,797 shares during the period. Finally, DAVENPORT & Co LLC purchased a new stake in Telefônica Brasil during the fourth quarter worth $78,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIV has been the topic of a number of recent analyst reports. New Street Research downgraded Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report 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. The Goldman Sachs Group cut their price target on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Scotiabank cut their price target on Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Finally, Barclays raised shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $9.97.

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Telefônica Brasil Trading Down 0.6 %

Shares of NYSE VIV traded down $0.06 during midday trading on Wednesday, reaching $8.91. 838,869 shares of the stock were exchanged, compared to its average volume of 818,442. Telefônica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $10.41. 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 simple moving average of $8.61 and a 200 day simple moving average of $8.89. The stock has a market capitalization of $14.72 billion, a P/E ratio of 14.14, a PEG ratio of 0.84 and a beta of 0.76.

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

About Telefônica Brasil

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.