Vise Technologies Inc. Purchases Shares of 10,017 Telefonica Brasil S.A. $VIV

Vise Technologies Inc. acquired a new stake in shares of Telefonica Brasil S.A. (NYSE:VIV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,017 shares of the Wireless communications provider’s stock, valued at approximately $114,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VIV. Ramirez Asset Management Inc. acquired a new stake in shares of Telefonica Brasil during the 2nd quarter worth about $4,866,000. Modern Wealth Management LLC acquired a new position in Telefonica Brasil in the first quarter valued at about $423,000. Envestnet Asset Management Inc. grew its stake in Telefonica Brasil by 16.4% during the first quarter. Envestnet Asset Management Inc. now owns 449,213 shares of the Wireless communications provider’s stock worth $3,917,000 after buying an additional 63,241 shares during the last quarter. Federated Hermes Inc. grew its stake in Telefonica Brasil by 45.6% during the first quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider’s stock worth $5,345,000 after buying an additional 191,842 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Telefonica Brasil by 36.4% during the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider’s stock worth $12,605,000 after buying an additional 385,848 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VIV shares. Wall Street Zen raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group lifted their price objective on Telefonica Brasil from $11.40 to $12.60 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Telefonica Brasil in a report on Thursday, November 13th. Barclays restated an “overweight” rating and issued a $14.50 target price on shares of Telefonica Brasil in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Telefonica Brasil currently has a consensus rating of “Hold” and a consensus price target of $12.90.

Telefonica Brasil Stock Up 1.2%

Shares of VIV opened at $13.04 on Wednesday. The business’s fifty day moving average price is $12.47 and its two-hundred day moving average price is $11.61. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.87 and a beta of 0.76. Telefonica Brasil S.A. has a 52 week low of $7.47 and a 52 week high of $13.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.98.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $15.01 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. On average, analysts predict that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

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.