Stifel Financial Corp Buys 77,005 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Stifel Financial Corp raised its stake in Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 41.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 264,413 shares of the Wireless communications provider's stock after purchasing an additional 77,005 shares during the quarter. Stifel Financial Corp's holdings in Telefônica Brasil were worth $2,716,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Telefônica Brasil by 2,821.8% in the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider's stock valued at $26,000 after acquiring an additional 3,104 shares during the period. Aprio Wealth Management LLC bought a new position in shares of Telefônica Brasil in the third quarter valued at about $134,000. QRG Capital Management Inc. lifted its stake in shares of Telefônica Brasil by 30.2% during the 3rd quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider's stock worth $134,000 after buying an additional 3,039 shares during the last quarter. First Affirmative Financial Network bought a new stake in shares of Telefônica Brasil during the 3rd quarter worth about $160,000. Finally, Squarepoint Ops LLC acquired a new position in Telefônica Brasil in the 2nd quarter valued at about $165,000. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Price Performance

VIV traded up $0.24 on Thursday, hitting $7.94. 2,599,703 shares of the stock were exchanged, compared to its average volume of 831,563. 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. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. Telefônica Brasil S.A. has a 12 month low of $7.66 and a 12 month high of $11.43. The business has a 50-day moving average of $8.93 and a two-hundred day moving average of $9.04.

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. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period last year, the firm posted $0.18 earnings per share. Sell-side analysts forecast that Telefônica Brasil S.A. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. New Street Research downgraded shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Scotiabank lifted their price target on Telefônica Brasil from $9.20 to $10.40 and gave the stock a "sector perform" rating in a report on Friday, September 20th. Barclays upped their price objective on Telefônica Brasil from $11.50 to $11.80 and gave the company an "equal weight" rating in a report on Monday, November 25th. StockNews.com downgraded Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group decreased 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 note on Thursday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $10.60.

Telefônica Brasil Company 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.