500,000 Shares in Telefônica Brasil S.A. (NYSE:VIV) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 500,000 shares of the Wireless communications provider's stock, valued at approximately $5,135,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Telefônica Brasil by 6.3% during the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider's stock worth $12,311,000 after acquiring an additional 72,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Telefônica Brasil by 49.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider's stock worth $12,034,000 after acquiring an additional 385,207 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Telefônica Brasil by 308.7% during the second quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider's stock worth $2,166,000 after acquiring an additional 199,546 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Telefônica Brasil during the second quarter valued at $842,000. Finally, Brandes Investment Partners LP raised its stake in Telefônica Brasil by 14.3% during the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider's stock valued at $18,261,000 after purchasing an additional 275,569 shares in the last quarter. Institutional investors own 5.16% of the company's stock.

Wall Street Analysts Forecast Growth

VIV has been the topic of a number of recent research reports. StockNews.com downgraded shares of Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 25th. Scotiabank upped their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a "sector perform" rating in a research note on Friday, September 20th. Finally, Barclays upped their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an "equal weight" rating in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Telefônica Brasil has an average rating of "Moderate Buy" and an average target price of $11.07.

Telefônica Brasil Trading Down 5.2 %

Shares of VIV opened at $8.21 on Friday. Telefônica Brasil S.A. has a twelve month low of $8.01 and a twelve month high of $11.43. The company has a market cap of $13.66 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.83 and a beta of 0.81. 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 company's fifty day simple moving average is $9.38 and its 200-day simple moving average is $9.08.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. As a group, analysts expect that Telefônica Brasil S.A. will post 0.63 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.