Stifel Financial Corp Boosts Position in Telefônica Brasil S.A. (NYSE:VIV)

Stifel Financial Corp increased its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,413 shares of the Wireless communications provider’s stock after acquiring an additional 77,005 shares during the quarter. Stifel Financial Corp’s holdings in Telefônica Brasil were worth $2,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Bleakley Financial Group LLC lifted its position in shares of Telefônica Brasil by 5.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after purchasing an additional 1,080 shares during the period. Quantinno Capital Management LP lifted its holdings in Telefônica Brasil by 3.5% in the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after buying an additional 1,136 shares during the period. Kathmere Capital Management LLC boosted its position in Telefônica Brasil by 4.1% during the 2nd quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock valued at $237,000 after acquiring an additional 1,150 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Telefônica Brasil by 5.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after acquiring an additional 1,236 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Telefônica Brasil by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 1,558 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VIV shares. Barclays lifted their price target on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Scotiabank upped their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.07.

Telefônica Brasil Price Performance

VIV opened at $7.70 on Thursday. Telefônica Brasil S.A. has a 1 year low of $7.66 and a 1 year high of $11.43. The stock has a 50-day moving average price of $8.93 and a 200-day moving average price of $9.04. The firm has a market cap of $12.81 billion, a PE ratio of 12.22, a P/E/G ratio of 0.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Sell-side analysts predict that Telefônica Brasil S.A. will post 0.63 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.