National Asset Management Inc. Takes $129,000 Position in Telefônica Brasil S.A. (NYSE:VIV)

Posted by MarketBeat News on Aug 2nd, 2022

National Asset Management Inc. acquired a new stake in Telefônica Brasil S.A. (NYSE:VIV – Get Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,407 shares of the Wireless communications provider’s stock, valued at approximately $129,000.

A number of other hedge funds also recently made changes to their positions in VIV. Quadrant Capital Group LLC lifted its position in shares of Telefônica Brasil by 38.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,931 shares of the Wireless communications provider’s stock valued at $51,000 after buying an additional 1,633 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Telefônica Brasil in the fourth quarter valued at approximately $90,000. Pacer Advisors Inc. lifted its position in shares of Telefônica Brasil by 37.9% in the first quarter. Pacer Advisors Inc. now owns 15,919 shares of the Wireless communications provider’s stock valued at $179,000 after buying an additional 4,378 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Telefônica Brasil by 12.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,393 shares of the Wireless communications provider’s stock worth $185,000 after purchasing an additional 2,393 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in Telefônica Brasil by 13.3% during the 4th quarter. Profund Advisors LLC now owns 22,470 shares of the Wireless communications provider’s stock worth $194,000 after purchasing an additional 2,633 shares during the last quarter. 7.61% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Trading Down 0.7 %

Shares of VIV opened at $8.62 on Tuesday. Telefônica Brasil S.A. has a 52-week low of $7.61 and a 52-week high of $11.78. The business’s fifty day moving average is $9.29 and its 200-day moving average is $9.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 1.00. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.64 and a beta of 0.46.

Telefônica Brasil (NYSE:VIV – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). Telefônica Brasil had a net margin of 13.41% and a return on equity of 8.51%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.49 billion. Equities analysts anticipate that Telefônica Brasil S.A. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VIV shares. Citigroup started coverage on Telefônica Brasil in a report on Monday, April 18th. They set a “neutral” rating for the company. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 11th. Bank of America upgraded Telefônica Brasil from a “neutral” rating to a “buy” rating in a research note on Thursday, June 30th. FIX lowered Telefônica Brasil from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research note on Wednesday, June 8th. Finally, Scotiabank lowered Telefônica Brasil from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, April 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Telefônica Brasil has an average rating of “Hold” and a consensus target price of $32.50.

About Telefônica Brasil

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Telefônica Brasil SA, together with its subsidiaries, provides mobile and fixed 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, 4G, 4.5G, and 5G as well as mobile value-added services and wireless roaming services.