Telefonica Brasil S.A. $VIV Shares Bought by Aberdeen Group plc

Aberdeen Group plc lifted its stake in Telefonica Brasil S.A. (NYSE:VIV) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,847,740 shares of the Wireless communications provider’s stock after acquiring an additional 2,901 shares during the quarter. Aberdeen Group plc’s holdings in Telefonica Brasil were worth $32,464,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ramirez Asset Management Inc. purchased a new position in Telefonica Brasil during the 2nd quarter valued at about $4,866,000. Ascent Group LLC increased its position in shares of Telefonica Brasil by 25.2% during the second quarter. Ascent Group LLC now owns 22,701 shares of the Wireless communications provider’s stock worth $259,000 after acquiring an additional 4,562 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Telefonica Brasil by 8.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,383 shares of the Wireless communications provider’s stock valued at $244,000 after purchasing an additional 1,623 shares during the period. Truist Financial Corp grew its stake in Telefonica Brasil by 41.6% during the 2nd quarter. Truist Financial Corp now owns 59,465 shares of the Wireless communications provider’s stock worth $678,000 after purchasing an additional 17,479 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Telefonica Brasil by 13.6% during the 2nd quarter. Signaturefd LLC now owns 24,005 shares of the Wireless communications provider’s stock worth $274,000 after purchasing an additional 2,882 shares during the period. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefonica Brasil Stock Down 1.7%

Shares of NYSE:VIV opened at $11.79 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.95. The stock has a market cap of $19.18 billion, a P/E ratio of 19.02, a P/E/G ratio of 0.80 and a beta of 0.77. Telefonica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $12.92. The firm has a fifty day moving average price of $12.37 and a 200 day moving average price of $11.84.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $14.48 billion. Sell-side analysts predict that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Analyst Ratings Changes

VIV has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on Telefonica Brasil from $11.40 to $12.60 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Zacks Research cut Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings raised Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Citigroup initiated coverage on shares of Telefonica Brasil in a report on Wednesday, September 10th. They set a “neutral” rating on the stock. Finally, Wall Street Zen upgraded shares of Telefonica Brasil from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.53.

Telefonica 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.