Stegent Equity Advisors Inc. Acquires Shares of 35,778 Telefonica Brasil S.A. $VIV

Stegent Equity Advisors Inc. acquired a new stake in shares of Telefonica Brasil S.A. (NYSE:VIV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 35,778 shares of the Wireless communications provider’s stock, valued at approximately $408,000.

A number of other hedge funds have also bought and sold shares of VIV. GAMMA Investing LLC increased its position in Telefonica Brasil by 145.5% during the first quarter. GAMMA Investing LLC now owns 9,375 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 5,557 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Telefonica Brasil by 80.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 39,345 shares of the Wireless communications provider’s stock valued at $343,000 after acquiring an additional 17,529 shares during the last quarter. Bessemer Group Inc. increased its position in Telefonica Brasil by 8.8% during the first quarter. Bessemer Group Inc. now owns 28,546 shares of the Wireless communications provider’s stock valued at $249,000 after acquiring an additional 2,301 shares during the last quarter. BSW Wealth Partners increased its position in Telefonica Brasil by 10.5% during the first quarter. BSW Wealth Partners now owns 24,548 shares of the Wireless communications provider’s stock valued at $214,000 after acquiring an additional 2,336 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Telefonica Brasil by 45.6% during the first quarter. Bank of New York Mellon Corp now owns 15,701 shares of the Wireless communications provider’s stock valued at $137,000 after acquiring an additional 4,914 shares during the last quarter. Institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays restated an “overweight” rating and issued a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Citigroup assumed coverage on shares of Telefonica Brasil in a report on Wednesday, September 10th. They issued a “neutral” rating on the stock. Scotiabank upped their price target on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. restated an “underweight” rating on shares of Telefonica Brasil in a report on Friday, August 8th. Finally, Weiss Ratings cut shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Telefonica Brasil presently has a consensus rating of “Hold” and an average price target of $12.53.

Telefonica Brasil Stock Up 2.3%

NYSE:VIV opened at $12.73 on Friday. Telefonica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $12.92. The company has a 50-day moving average of $12.38 and a 200 day moving average of $11.51. The firm has a market cap of $20.70 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.95.

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

Telefonica 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.