Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 33.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 775,561 shares of the Wireless communications provider's stock after selling 396,228 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Telefônica Brasil were worth $5,855,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in VIV. Oppenheimer Asset Management Inc. boosted its stake in shares of Telefônica Brasil by 5.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider's stock worth $243,000 after acquiring an additional 1,236 shares during the period. Natixis Advisors LLC boosted its stake in shares of Telefônica Brasil by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 85,787 shares of the Wireless communications provider's stock worth $881,000 after acquiring an additional 2,304 shares during the period. Caprock Group LLC boosted its stake in shares of Telefônica Brasil by 37.7% during the 3rd quarter. Caprock Group LLC now owns 71,738 shares of the Wireless communications provider's stock worth $737,000 after acquiring an additional 19,628 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Telefônica Brasil during the 3rd quarter worth approximately $198,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Telefônica Brasil during the 3rd quarter worth approximately $5,135,000. 5.16% of the stock is currently owned by institutional investors.
Telefônica Brasil Price Performance
NYSE VIV traded down $0.06 during midday trading on Wednesday, hitting $8.91. The company had a trading volume of 838,869 shares, compared to its average volume of 887,892. The company has a market capitalization of $14.72 billion, a PE ratio of 14.14, a P/E/G ratio of 0.84 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $8.61 and a 200-day moving average price of $8.89. Telefônica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $10.41.
Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.77% and a net margin of 9.78%. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.39 billion. As a group, analysts anticipate that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
VIV has been the subject of several research analyst reports. StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group reduced their price target on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a research note on Thursday, December 19th. Scotiabank reduced their price target on Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. New Street Research downgraded Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Finally, Barclays upgraded Telefônica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price target for the company 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.97.
Check Out Our Latest Research Report on Telefônica Brasil
Telefônica Brasil Profile
(
Free Report)
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.
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