Public Employees Retirement System of Ohio Takes $1.62 Million Position in Telefônica Brasil S.A. (NYSE:VIV)

Public Employees Retirement System of Ohio acquired a new stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 157,623 shares of the Wireless communications provider's stock, valued at approximately $1,619,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its position in Telefônica Brasil by 5.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider's stock valued at $201,000 after purchasing an additional 1,080 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Telefônica Brasil by 3.5% during the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider's stock valued at $343,000 after buying an additional 1,136 shares during the period. Kathmere Capital Management LLC raised its holdings in shares of Telefônica Brasil by 4.1% during the second quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider's stock valued at $237,000 after acquiring an additional 1,150 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Telefônica Brasil by 5.5% in the third 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. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Telefônica Brasil by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider's stock worth $464,000 after acquiring an additional 1,558 shares during the period. Institutional investors own 5.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VIV shares. Barclays boosted their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an "equal weight" rating in a research report on Monday, November 25th. The Goldman Sachs Group reduced their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a research report on Thursday. New Street Research lowered shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. StockNews.com downgraded Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 12th. Finally, Scotiabank raised their target price on Telefônica Brasil from $9.20 to $10.40 and gave the company a "sector perform" rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.60.

Telefônica Brasil Stock Up 3.1 %

VIV traded up $0.24 during midday trading on Thursday, reaching $7.94. The company's stock had a trading volume of 2,599,703 shares, compared to its average volume of 831,563. 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 stock's 50-day moving average is $8.90 and its 200-day moving average is $9.03. Telefônica Brasil S.A. has a 1 year low of $7.66 and a 1 year high of $11.43. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.78 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. As a group, research 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.