State Street Corp Raises Position in Telefônica Brasil S.A. (NYSE:VIV)

State Street Corp raised its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 27.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,954 shares of the Wireless communications provider's stock after acquiring an additional 70,900 shares during the quarter. State Street Corp's holdings in Telefônica Brasil were worth $3,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VIV. Natixis Advisors LLC boosted its position in shares of Telefônica Brasil by 12.0% in the second quarter. Natixis Advisors LLC now owns 83,483 shares of the Wireless communications provider's stock valued at $685,000 after acquiring an additional 8,943 shares during the period. Acadian Asset Management LLC boosted its position in shares of Telefônica Brasil by 308.7% during the 2nd quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider's stock valued at $2,166,000 after acquiring an additional 199,546 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Telefônica Brasil by 85.9% during the second quarter. Caprock Group LLC now owns 52,110 shares of the Wireless communications provider's stock worth $428,000 after purchasing an additional 24,073 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Telefônica Brasil by 42.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 22,472 shares of the Wireless communications provider's stock worth $184,000 after purchasing an additional 6,666 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Telefônica Brasil by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 393,618 shares of the Wireless communications provider's stock valued at $3,238,000 after purchasing an additional 5,983 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company's stock.

Telefônica Brasil Trading Up 0.7 %

VIV traded up $0.05 on Tuesday, hitting $7.55. 652,944 shares of the company were exchanged, compared to its average volume of 834,172. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $11.43. The firm has a fifty day simple moving average of $8.62 and a two-hundred day simple moving average of $9.00. The stock has a market capitalization of $12.56 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78.

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

Analyst Ratings Changes

A number of brokerages have recently commented on VIV. Scotiabank increased their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a "sector perform" rating in a report on Friday, September 20th. Barclays raised their price target on 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 objective 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. StockNews.com lowered Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a research note on Thursday, December 12th. Finally, New Street Research downgraded shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $10.60.

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.