Opal Capital LLC Acquires New Position in Telefonica Brasil S.A. $VIV

Opal Capital LLC bought a new position in Telefonica Brasil S.A. (NYSE:VIV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 267,445 shares of the Wireless communications provider’s stock, valued at approximately $4,255,000.

A number of other institutional investors also recently modified their holdings of VIV. EverSource Wealth Advisors LLC grew its holdings in shares of Telefonica Brasil by 61.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,840 shares of the Wireless communications provider’s stock valued at $157,000 after acquiring an additional 3,736 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Telefonica Brasil by 0.5% during the first quarter. Royal Bank of Canada now owns 392,178 shares of the Wireless communications provider’s stock worth $6,240,000 after acquiring an additional 2,019 shares in the last quarter. Quantinno Capital Management LP boosted its position in Telefonica Brasil by 12.4% during the first quarter. Quantinno Capital Management LP now owns 190,338 shares of the Wireless communications provider’s stock valued at $3,028,000 after purchasing an additional 21,073 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Telefonica Brasil during the first quarter valued at $121,000. Finally, Compound Planning Inc. grew its stake in Telefonica Brasil by 5.3% in the first quarter. Compound Planning Inc. now owns 16,750 shares of the Wireless communications provider’s stock valued at $266,000 after purchasing an additional 839 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Stock Down 6.8%

VIV stock opened at $13.15 on Wednesday. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. The company has a 50-day moving average of $13.40 and a two-hundred day moving average of $14.58. Telefonica Brasil S.A. has a 52-week low of $10.82 and a 52-week high of $17.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, July 27th. The Wireless communications provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Telefonica Brasil had a return on equity of 9.77% and a net margin of 10.64%.The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. As a group, equities research analysts anticipate that Telefonica Brasil S.A. will post 0.97 EPS for the current year.

Telefonica Brasil Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd were given a $0.4562 dividend. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VIV shares. Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 7th. Barclays set a $15.50 price target on Telefonica Brasil and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Wall Street Zen downgraded Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Scotiabank cut their price objective on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $14.16.

Telefonica Brasil Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.