Schafer Cullen Capital Management Inc. lifted its holdings in shares of Telefonica Brasil SA (NYSE:VIV) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,837,297 shares of the Wireless communications provider’s stock after acquiring an additional 164,619 shares during the period. Schafer Cullen Capital Management Inc. owned approximately 0.29% of Telefonica Brasil worth $71,737,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Advisor Group Inc. grew its stake in shares of Telefonica Brasil by 48.6% during the fourth quarter. Advisor Group Inc. now owns 10,353 shares of the Wireless communications provider’s stock worth $153,000 after acquiring an additional 3,387 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Telefonica Brasil during the third quarter worth about $165,000. Creative Planning purchased a new stake in shares of Telefonica Brasil during the fourth quarter worth about $178,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Telefonica Brasil during the third quarter worth about $181,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Telefonica Brasil during the fourth quarter worth about $249,000. Institutional investors and hedge funds own 9.60% of the company’s stock.
A number of equities research analysts recently commented on VIV shares. Zacks Investment Research raised Telefonica Brasil from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Saturday, January 13th. Santander downgraded Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Credit Suisse Group downgraded Telefonica Brasil from an “outperform” rating to a “neutral” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.53.
Telefonica Brasil SA (NYSE VIV) traded down $0.23 during trading on Tuesday, hitting $15.01. The company had a trading volume of 57,157 shares, compared to its average volume of 1,168,215. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.92. Telefonica Brasil SA has a 12-month low of $13.06 and a 12-month high of $17.33. The firm has a market capitalization of $25,482.39, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39.
Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Wednesday, February 21st. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. Telefonica Brasil had a return on equity of 6.60% and a net margin of 10.65%. The company had revenue of $3.40 billion during the quarter. analysts expect that Telefonica Brasil SA will post 1.08 EPS for the current fiscal year.
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About Telefonica Brasil
Telefônica Brasil SA provides mobile and fixed line 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 and 4G, as well as mobile value-added services and wireless roaming services.
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