Fox Run Management L.L.C. Lowers Holdings in Telefonica Brasil S.A. $VIV

Fox Run Management L.L.C. lowered its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 69.8% in the second quarter, HoldingsChannel reports. The fund owned 19,098 shares of the Wireless communications provider’s stock after selling 44,137 shares during the quarter. Fox Run Management L.L.C.’s holdings in Telefonica Brasil were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VIV. SBI Securities Co. Ltd. increased its position in Telefonica Brasil by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 1,067 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Telefonica Brasil by 2.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 40,454 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 1,109 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Telefonica Brasil by 8.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,383 shares of the Wireless communications provider’s stock worth $244,000 after buying an additional 1,623 shares during the last quarter. Bank of Montreal Can raised its position in shares of Telefonica Brasil by 5.3% in the 2nd quarter. Bank of Montreal Can now owns 54,966 shares of the Wireless communications provider’s stock worth $627,000 after buying an additional 2,790 shares during the period. Finally, Signaturefd LLC boosted its holdings in Telefonica Brasil by 13.6% in the second quarter. Signaturefd LLC now owns 24,005 shares of the Wireless communications provider’s stock valued at $274,000 after acquiring an additional 2,882 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefonica Brasil Stock Down 0.0%

NYSE VIV opened at $13.21 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. Telefonica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $13.24. The business has a 50 day moving average price of $12.43 and a two-hundred day moving average price of $11.51. The stock has a market cap of $21.48 billion, a PE ratio of 21.30, a P/E/G ratio of 0.87 and a beta of 0.76.

Telefonica Brasil (NYSE:VIV) last posted its earnings results on Thursday, October 30th. The Wireless communications provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $15.01 billion. Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. As a group, sell-side analysts predict that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VIV shares. Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings raised shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group lifted their price target on shares of Telefonica Brasil from $11.40 to $12.60 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Finally, Barclays reissued an “overweight” rating and issued a $14.50 price objective on shares of Telefonica Brasil in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Telefonica Brasil presently has an average rating of “Hold” and a consensus target price of $12.90.

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.