Groupama Asset Managment Takes Position in Telefonica Brasil S.A. $VIV

Key Points

• Groupama Asset Management has acquired a new stake in Telefonica Brasil S.A. by purchasing 105,084 shares valued at approximately $923,000.
• Institutional investors currently own 5.16% of Telefonica Brasil's stock, with various firms including Robeco and Aberdeen Group increasing their stakes recently.
• Research analysts have set a consensus price target of $12.70 for Telefonica Brasil, with recent ratings ranging from "buy" to "underweight."

Groupama Asset Managment bought a new position in Telefonica Brasil S.A. (NYSE:VIV - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 105,084 shares of the Wireless communications provider's stock, valued at approximately $923,000.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in shares of Telefonica Brasil by 39.3% in the 1st 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 period. Rhumbline Advisers lifted its position in shares of Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 3,266 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Telefonica Brasil in the 4th quarter worth approximately $51,000. GeoWealth Management LLC lifted its position in shares of Telefonica Brasil by 1,429.4% in the 4th quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider's stock worth $64,000 after purchasing an additional 7,976 shares during the period. Finally, Brooklyn Investment Group lifted its position in shares of Telefonica Brasil by 946.6% in the 1st quarter. Brooklyn Investment Group now owns 7,944 shares of the Wireless communications provider's stock worth $69,000 after purchasing an additional 7,185 shares during the period. 5.16% of the stock is currently owned by institutional investors.

Telefonica Brasil Price Performance

VIV traded up $0.2050 on Friday, reaching $12.6450. 1,045,066 shares of the company's stock were exchanged, compared to its average volume of 971,982. The stock has a market cap of $20.57 billion, a PE ratio of 20.40, a P/E/G ratio of 0.86 and a beta of 0.71. Telefonica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $12.66. The stock's fifty day moving average price is $11.50 and its 200-day moving average price is $13.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.95.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $14.48 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. Sell-side analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Scotiabank raised their price target on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Barclays reaffirmed an "overweight" rating and issued a $13.00 price target (up previously from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Wall Street Zen lowered shares of Telefonica Brasil from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, The Goldman Sachs Group increased their price objective on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.70.

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.