Modern Wealth Management LLC Makes New $423,000 Investment in Telefonica Brasil S.A. $VIV

Key Points

• Modern Wealth Management LLC has made a new investment of approximately $423,000 in Telefonica Brasil S.A., acquiring 48,524 shares in the first quarter.
• Telefonica Brasil recently reported earnings per share of $0.15, falling short of analysts' expectations, and its revenue for the quarter was reported at $2.62 billion.
• Analyst ratings for Telefonica Brasil show a mix of opinions, with two buy ratings, four holds, and one sell, reflecting a general consensus of "Hold" with a price target of $12.70.

Modern Wealth Management LLC bought a new position in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,524 shares of the Wireless communications provider's stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Telefonica Brasil by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock worth $136,151,000 after purchasing an additional 420,973 shares in the last quarter. Aberdeen Group plc lifted its position in Telefonica Brasil by 4.2% in the 1st quarter. Aberdeen Group plc now owns 2,844,839 shares of the Wireless communications provider's stock valued at $24,807,000 after acquiring an additional 114,849 shares in the last quarter. Invesco Ltd. lifted its position in Telefonica Brasil by 36.4% in the 1st quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock valued at $12,605,000 after acquiring an additional 385,848 shares in the last quarter. Strs Ohio bought a new stake in Telefonica Brasil in the 1st quarter valued at $7,147,000. Finally, Two Sigma Investments LP lifted its position in Telefonica Brasil by 151.9% in the 4th quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider's stock valued at $5,185,000 after acquiring an additional 414,193 shares in the last quarter. 5.16% of the stock is owned by institutional investors.

Telefonica Brasil Stock Performance

Shares of Telefonica Brasil stock opened at $12.49 on Monday. The company has a 50 day moving average of $11.88 and a 200-day moving average of $12.50. Telefonica Brasil S.A. has a 1-year low of $7.47 and a 1-year 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. The company has a market cap of $20.32 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued 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). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. As a group, equities research analysts forecast 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 several analyst reports. Wall Street Zen raised shares of Telefonica Brasil from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. The Goldman Sachs Group boosted their price target 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. Zacks Research cut shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Scotiabank upped their target price on shares of Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, Barclays reaffirmed an "overweight" rating and issued a $13.00 target price (up from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.

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