American Century Companies Inc. Has $1.31 Million Stake in Telefonica Brasil S.A. $VIV

American Century Companies Inc. raised its stake in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 23.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,128 shares of the Wireless communications provider's stock after acquiring an additional 28,749 shares during the quarter. American Century Companies Inc.'s holdings in Telefonica Brasil were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Aberdeen Group plc lifted its holdings in shares of Telefonica Brasil by 4.2% in the first quarter. Aberdeen Group plc now owns 2,844,839 shares of the Wireless communications provider's stock worth $24,807,000 after acquiring an additional 114,849 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Telefonica Brasil in the first quarter worth about $551,000. Invesco Ltd. lifted its holdings in shares of Telefonica Brasil by 36.4% in the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock worth $12,605,000 after acquiring an additional 385,848 shares during the last quarter. R Squared Ltd lifted its holdings in shares of Telefonica Brasil by 120.9% in the first quarter. R Squared Ltd now owns 10,912 shares of the Wireless communications provider's stock worth $95,000 after acquiring an additional 5,972 shares during the last quarter. Finally, Wealthquest Corp bought a new position in shares of Telefonica Brasil in the first quarter worth about $156,000. Institutional investors own 5.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Scotiabank upped their price objective on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Zacks Research downgraded Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Wall Street Zen raised Telefonica Brasil from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. The Goldman Sachs Group upped their price objective on Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Telefonica Brasil has a consensus rating of "Hold" and an average target price of $12.70.

Telefonica Brasil Trading Up 1.2%

NYSE:VIV traded up $0.15 on Friday, reaching $12.48. 552,477 shares of the stock traded hands, compared to its average volume of 852,769. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 0.84 and a beta of 0.81. The company's 50 day moving average is $11.81 and its 200-day moving average is $12.77. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. Telefonica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $12.92.

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

About Telefonica Brasil

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.