US Bancorp DE Has $343,000 Holdings in Telefônica Brasil S.A. (NYSE:VIV)

US Bancorp DE increased its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 150.6% during the fourth quarter, Holdings Channel reports. The fund owned 45,450 shares of the Wireless communications provider’s stock after acquiring an additional 27,315 shares during the quarter. US Bancorp DE’s holdings in Telefônica Brasil were worth $343,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VIV. Oppenheimer Asset Management Inc. raised its holdings in shares of Telefônica Brasil by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock valued at $243,000 after acquiring an additional 1,236 shares during the period. Natixis Advisors LLC raised its holdings in shares of Telefônica Brasil by 2.8% during the third quarter. Natixis Advisors LLC now owns 85,787 shares of the Wireless communications provider’s stock valued at $881,000 after acquiring an additional 2,304 shares during the period. Caprock Group LLC raised its holdings in shares of Telefônica Brasil by 37.7% during the third quarter. Caprock Group LLC now owns 71,738 shares of the Wireless communications provider’s stock valued at $737,000 after acquiring an additional 19,628 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Telefônica Brasil during the third quarter valued at approximately $198,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake 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 buying an additional 385,207 shares during the period. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analyst Ratings Changes

VIV has been the topic of several research reports. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $11.80 to $11.50 in a research report on Monday, March 3rd. 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 research report on Thursday, December 19th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th. Finally, Scotiabank reduced their price target on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.97.

Telefônica Brasil Trading Up 2.2 %

Shares of NYSE VIV opened at $8.56 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The company has a market cap of $14.15 billion, a PE ratio of 13.59, a P/E/G ratio of 0.84 and a beta of 0.76. The company has a 50-day moving average of $8.53 and a two-hundred day moving average of $8.91. Telefônica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $10.63.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. As a group, equities analysts expect that Telefônica Brasil S.A. will post 0.6 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.