Aberdeen Group plc Grows Holdings in Telefonica Brasil S.A. $VIV

Aberdeen Group plc lifted its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,847,740 shares of the Wireless communications provider’s stock after acquiring an additional 2,901 shares during the quarter. Aberdeen Group plc owned 0.17% of Telefonica Brasil worth $32,464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VIV. Strs Ohio purchased a new position in Telefonica Brasil during the first quarter worth approximately $7,147,000. Ramirez Asset Management Inc. purchased a new position in shares of Telefonica Brasil during the 2nd quarter valued at approximately $4,866,000. Robeco Institutional Asset Management B.V. grew its stake in Telefonica Brasil by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider’s stock valued at $136,151,000 after acquiring an additional 420,973 shares during the period. Invesco Ltd. increased its holdings in Telefonica Brasil by 36.4% in the 1st 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 in the last quarter. Finally, Lesa Sroufe & Co acquired a new position in Telefonica Brasil during the first quarter worth $1,874,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VIV. Morgan Stanley set a $12.00 target price on shares of Telefonica Brasil in a research note on Wednesday. Zacks Research cut Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telefonica Brasil in a research note on Friday, August 8th. The Goldman Sachs Group increased their price objective on Telefonica Brasil from $11.40 to $12.60 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Telefonica Brasil from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Telefonica Brasil has a consensus rating of “Hold” and a consensus price target of $12.53.

Telefonica Brasil Stock Down 1.7%

Shares of NYSE:VIV opened at $11.79 on Monday. Telefonica Brasil S.A. has a 52-week low of $7.47 and a 52-week high of $12.92. The stock has a market cap of $19.18 billion, a P/E ratio of 19.02, a PEG ratio of 0.80 and a beta of 0.77. The business has a fifty day moving average of $12.37 and a two-hundred day moving average of $11.84. 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 announced its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $14.48 billion. On average, research analysts expect that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

About Telefonica Brasil

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.