Kathmere Capital Management LLC Increases Stock Holdings in Telefonica Brasil S.A. $VIV

Key Points

• Kathmere Capital Management LLC increased its holdings in Telefonica Brasil S.A. by 79.6% in the 2nd quarter, resulting in ownership of 64,377 shares valued at approximately $734,000.
• Telefonica Brasil reported $0.15 earnings per share for the last quarter, missing estimates, with a net margin of 10.13% and revenue of $2.62 billion.
• Analysts have mixed views on the stock, with ratings varying from Buy to Sell, and a current average price target of $12.70.

Kathmere Capital Management LLC boosted its position in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 79.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,377 shares of the Wireless communications provider's stock after purchasing an additional 28,525 shares during the period. Kathmere Capital Management LLC's holdings in Telefonica Brasil were worth $734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VIV. Envestnet Asset Management Inc. lifted its position in shares of Telefonica Brasil by 16.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 449,213 shares of the Wireless communications provider's stock valued at $3,917,000 after buying an additional 63,241 shares in the last quarter. Modern Wealth Management LLC purchased a new position in shares of Telefonica Brasil during the 1st quarter valued at about $423,000. Federated Hermes Inc. lifted its position in shares of Telefonica Brasil by 45.6% during the 1st quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider's stock valued at $5,345,000 after buying an additional 191,842 shares in the last quarter. Invesco Ltd. lifted its position in shares of Telefonica Brasil by 36.4% during the 1st quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock valued at $12,605,000 after buying an additional 385,848 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Telefonica Brasil by 23.7% during the 1st quarter. American Century Companies Inc. now owns 150,128 shares of the Wireless communications provider's stock valued at $1,309,000 after buying an additional 28,749 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil Stock Down 0.2%

Shares of VIV opened at $12.28 on Friday. The business's 50 day moving average is $12.12 and its 200 day moving average is $12.24. The company has a market capitalization of $19.98 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.81. Telefonica Brasil S.A. has a 12-month low of $7.47 and a 12-month 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 issued its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Research analysts expect that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

VIV has been the topic of a number of analyst reports. Zacks Research cut Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Citigroup initiated coverage on Telefonica Brasil in a research report on Wednesday, September 10th. They set a "neutral" rating on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. The Goldman Sachs Group lifted their price objective on Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Finally, Scotiabank lifted their target price 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.70.

Telefonica Brasil Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.