Quantbot Technologies LP Buys 42,001 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Quantbot Technologies LP raised its holdings in Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 164.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,600 shares of the Wireless communications provider's stock after buying an additional 42,001 shares during the quarter. Quantbot Technologies LP's holdings in Telefônica Brasil were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Global Investments lifted its position in shares of Telefônica Brasil by 1.1% during the 4th quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider's stock valued at $1,041,000 after acquiring an additional 1,506 shares during the period. Natixis Advisors LLC raised its holdings in shares of Telefônica Brasil by 3.2% during the fourth quarter. Natixis Advisors LLC now owns 88,571 shares of the Wireless communications provider's stock valued at $669,000 after purchasing an additional 2,784 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Telefônica Brasil during the 4th quarter worth about $120,000. Raymond James Financial Inc. acquired a new stake in shares of Telefônica Brasil in the 4th quarter valued at about $403,000. Finally, US Bancorp DE increased its position in Telefônica Brasil by 150.6% in the 4th quarter. US Bancorp DE now owns 45,450 shares of the Wireless communications provider's stock valued at $343,000 after buying an additional 27,315 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VIV has been the subject of a number of research reports. Scotiabank reduced their price objective 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 shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. The Goldman Sachs Group lowered their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a report on Thursday, December 19th. Barclays upgraded shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $11.80 to $11.50 in a report on Monday, March 3rd. Finally, StockNews.com upgraded shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Telefônica Brasil currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.97.

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Telefônica Brasil Stock Up 4.8 %

VIV traded up $0.42 during mid-day trading on Tuesday, reaching $9.14. 1,140,373 shares of the stock were exchanged, compared to its average volume of 837,954. Telefônica Brasil S.A. has a 1 year low of $7.47 and a 1 year high of $10.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The stock has a market capitalization of $15.10 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a 50 day moving average price of $8.78 and a two-hundred day moving average price of $8.83.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. As a group, research analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Telefônica Brasil Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued a dividend of $0.0215 per share. This is a positive change from Telefônica Brasil's previous dividend of $0.02. The ex-dividend date of this dividend was Tuesday, March 25th. Telefônica Brasil's dividend payout ratio (DPR) is 50.82%.

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.