Gabelli Funds LLC Trims Position in Telefônica Brasil S.A. (NYSE:VIV)

Gabelli Funds LLC lessened its stake in Telefônica Brasil S.A. (NYSE:VIVFree Report) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 350,500 shares of the Wireless communications provider’s stock after selling 3,900 shares during the quarter. Gabelli Funds LLC’s holdings in Telefônica Brasil were worth $2,997,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Credit Suisse AG boosted its holdings in Telefônica Brasil by 543.6% in the third quarter. Credit Suisse AG now owns 7,485 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 6,322 shares during the period. Quantbot Technologies LP acquired a new position in shares of Telefônica Brasil in the 2nd quarter valued at about $68,000. FMR LLC grew its position in shares of Telefônica Brasil by 578.8% during the 1st quarter. FMR LLC now owns 9,863 shares of the Wireless communications provider’s stock valued at $75,000 after buying an additional 8,410 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Telefônica Brasil in the first quarter worth about $84,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Telefônica Brasil in the first quarter worth about $89,000. Institutional investors own 5.40% of the company’s stock.

Analyst Ratings Changes

VIV has been the topic of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 price target on shares of Telefônica Brasil in a research report on Friday, January 5th. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. TheStreet raised shares of Telefônica Brasil from a “c-” rating to a “b” rating in a report on Thursday, December 21st. Finally, Barclays increased their price objective on shares of Telefônica Brasil from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, December 7th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.60.

Check Out Our Latest Stock Analysis on VIV

Telefônica Brasil Stock Performance

Shares of VIV opened at $10.74 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.92 and a quick ratio of 0.88. The firm’s 50 day moving average is $10.59 and its 200-day moving average is $9.64. Telefônica Brasil S.A. has a 12-month low of $7.16 and a 12-month high of $11.15. The stock has a market capitalization of $17.87 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.79 and a beta of 0.75.

About Telefônica Brasil

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Telefônica Brasil (NYSE:VIV)

Receive News & Ratings for Telefônica Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefônica Brasil and related companies with MarketBeat.com's FREE daily email newsletter.