20,000 Shares in Telefonica Brasil S.A. $VIV Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new position in Telefonica Brasil S.A. (NYSE:VIV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,000 shares of the Wireless communications provider’s stock, valued at approximately $228,000.

Several other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Telefonica Brasil by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider’s stock worth $136,151,000 after acquiring an additional 420,973 shares during the period. Aberdeen Group plc grew its holdings in shares of Telefonica Brasil by 4.2% in the first quarter. Aberdeen Group plc now owns 2,844,839 shares of the Wireless communications provider’s stock worth $24,807,000 after acquiring an additional 114,849 shares during the period. Invesco Ltd. grew its holdings in shares of Telefonica Brasil by 36.4% in the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider’s stock worth $12,605,000 after acquiring an additional 385,848 shares during the period. Strs Ohio bought a new stake in shares of Telefonica Brasil in the first quarter worth $7,147,000. Finally, Federated Hermes Inc. grew its holdings in shares of Telefonica Brasil by 45.6% in the first quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider’s stock worth $5,345,000 after acquiring an additional 191,842 shares during the period. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Price Performance

Shares of Telefonica Brasil stock opened at $12.27 on Thursday. The stock’s 50-day simple moving average is $12.38 and its 200-day simple moving average is $11.60. Telefonica Brasil S.A. has a 52 week low of $7.47 and a 52 week high of $12.92. The company has a market capitalization of $19.95 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.83 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $14.48 billion. As a group, analysts expect that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on VIV. Citigroup began coverage on Telefonica Brasil in a research report on Wednesday, September 10th. They set a “neutral” rating on the stock. Scotiabank lifted their target price on Telefonica Brasil from $8.80 to $12.50 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Zacks Research downgraded Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings upgraded Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on Telefonica Brasil from $11.40 to $12.60 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.53.

Telefonica 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.