4,940 Shares in Telefônica Brasil S.A. (NYSE:VIV) Purchased by R Squared Ltd

R Squared Ltd purchased a new position in shares of Telefônica Brasil S.A. (NYSE:VIV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,940 shares of the Wireless communications provider’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VIV. Itau Unibanco Holding S.A. acquired a new position in Telefônica Brasil during the third quarter worth about $5,967,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Telefônica Brasil in the 3rd quarter valued at about $5,135,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Telefônica Brasil by 49.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after purchasing an additional 385,207 shares during the last quarter. Millennium Management LLC boosted its holdings in Telefônica Brasil by 96.8% in the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock valued at $4,466,000 after purchasing an additional 267,652 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Telefônica Brasil in the 3rd quarter valued at about $1,619,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on VIV shares. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays boosted their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group decreased their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.47.

Telefônica Brasil Price Performance

Telefônica Brasil stock opened at $8.88 on Tuesday. The company’s 50 day simple moving average is $8.16 and its 200-day simple moving average is $8.95. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. Telefônica Brasil S.A. has a 1 year low of $7.47 and a 1 year high of $11.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96.

Telefônica Brasil (NYSE:VIV) last released 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 net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $0.18 EPS. As a group, equities research analysts expect that Telefônica Brasil S.A. will post 0.6 earnings per share for the current year.

Telefônica Brasil Profile

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.