Barings LLC Increases Stake in Telefonica Brasil SA (VIV)

Barings LLC grew its holdings in Telefonica Brasil SA (NYSE:VIV) by 15.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 417,200 shares of the Wireless communications provider’s stock after buying an additional 54,600 shares during the quarter. Barings LLC’s holdings in Telefonica Brasil were worth $5,036,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VIV. Nkcfo LLC acquired a new stake in shares of Telefonica Brasil in the first quarter valued at $27,000. Massey Quick Simon & CO. LLC bought a new position in Telefonica Brasil in the first quarter valued at about $36,000. We Are One Seven LLC bought a new position in Telefonica Brasil in the fourth quarter valued at about $39,000. Capital Investment Advisory Services LLC bought a new position in Telefonica Brasil in the fourth quarter valued at about $46,000. Finally, Quantamental Technologies LLC bought a new position in Telefonica Brasil in the fourth quarter valued at about $49,000. Institutional investors own 9.67% of the company’s stock.

Telefonica Brasil stock opened at $11.55 on Friday. The stock has a market capitalization of $19.23 billion, a P/E ratio of 8.31, a PEG ratio of 1.14 and a beta of 0.79. Telefonica Brasil SA has a 12-month low of $9.21 and a 12-month high of $13.60. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Telefonica Brasil had a return on equity of 10.59% and a net margin of 21.05%. As a group, equities analysts predict that Telefonica Brasil SA will post 0.96 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. Barclays raised their price target on Telefonica Brasil from $13.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. ValuEngine upgraded Telefonica Brasil from a “strong sell” rating to a “sell” rating in a report on Thursday, March 14th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Telefonica Brasil has an average rating of “Hold” and an average target price of $13.88.

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About Telefonica Brasil

Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.

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Institutional Ownership by Quarter for Telefonica Brasil (NYSE:VIV)

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