B. Metzler seel. Sohn & Co. Holding AG Invests $198,000 in Telefônica Brasil S.A. (NYSE:VIV)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Telefônica Brasil S.A. (NYSE:VIV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,293 shares of the Wireless communications provider’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 3,104 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Telefônica Brasil in the second quarter worth approximately $85,000. QRG Capital Management Inc. purchased a new stake in shares of Telefônica Brasil in the second quarter worth approximately $83,000. B. Riley Wealth Advisors Inc. purchased a new position in Telefônica Brasil during the 1st quarter worth $123,000. Finally, Aprio Wealth Management LLC purchased a new position in Telefônica Brasil during the 3rd quarter worth $134,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on VIV shares. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Monday. Scotiabank raised their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Finally, Barclays raised their price objective on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.07.

Telefônica Brasil Trading Up 1.1 %

Shares of NYSE:VIV opened at $8.85 on Tuesday. Telefônica Brasil S.A. has a 12-month low of $8.02 and a 12-month high of $11.43. The business’s fifty day simple moving average is $9.49 and its 200-day simple moving average is $9.09. The company has a market capitalization of $14.72 billion, a PE ratio of 14.05, a P/E/G ratio of 0.87 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $0.18 EPS. As a group, equities research analysts predict that Telefônica Brasil S.A. will post 0.61 earnings per share for the current fiscal year.

About Telefônica 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.