Telefonica Brasil S.A. $VIV Position Boosted by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Telefonica Brasil S.A. by 36.4%, now owning 1,445,527 shares worth approximately $12.6 million.
• Analysts have mixed ratings on Telefonica Brasil, with two "Buy," two "Hold," and one "Sell" rating, and a consensus price target of $12.70.
• Telefonica Brasil's recent earnings report showed an EPS of $0.15, missing estimates, and revenues of $2.62 billion, significantly below the expected $14.48 billion.

Invesco Ltd. increased its holdings in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,445,527 shares of the Wireless communications provider's stock after acquiring an additional 385,848 shares during the quarter. Invesco Ltd. owned approximately 0.09% of Telefonica Brasil worth $12,605,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in Telefonica Brasil by 39.3% during 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 last quarter. Rhumbline Advisers grew its position in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 3,266 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of Telefonica Brasil in the fourth quarter worth $51,000. GeoWealth Management LLC raised its holdings in Telefonica Brasil by 1,429.4% in the fourth quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider's stock valued at $64,000 after acquiring an additional 7,976 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Telefonica Brasil by 984.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,251 shares of the Wireless communications provider's stock valued at $70,000 after acquiring an additional 8,398 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company's stock.

Analyst Ratings Changes

VIV has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Barclays reissued an "overweight" rating and issued a $13.00 price objective (up from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Zacks Research cut Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Finally, Scotiabank upped their price target on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Telefonica Brasil currently has an average rating of "Hold" and an average price target of $12.70.

Telefonica Brasil Stock Performance

VIV traded up $0.04 during trading hours on Thursday, hitting $12.65. The company's stock had a trading volume of 567,587 shares, compared to its average volume of 1,306,682. The firm has a market capitalization of $20.57 billion, a PE ratio of 20.40, a PEG ratio of 0.86 and a beta of 0.71. The company has a 50-day simple moving average of $11.61 and a 200 day simple moving average of $13.05. Telefonica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $12.92. 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 (NYSE:VIV - Get Free Report) last released its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company 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%. As a group, sell-side analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Telefonica Brasil Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 1st. Stockholders of record on Tuesday, August 26th will be paid a $0.0369 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, August 26th. Telefonica Brasil's payout ratio is currently 46.77%.

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.