Public Employees Retirement System of Ohio Has $541,000 Stock Position in Telefonica Brasil S.A. $VIV

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Telefonica Brasil S.A. by 36.0% in the second quarter, now holding shares worth $541,000.
• Telefonica Brasil reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16, and had a revenue of $2.62 billion compared to an expected $14.48 billion.
• Wall Street analysts have mixed opinions on Telefonica Brasil, with a consensus rating of "Hold" and an average price target of $12.70.

Public Employees Retirement System of Ohio cut its stake in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 36.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,432 shares of the Wireless communications provider's stock after selling 26,631 shares during the period. Public Employees Retirement System of Ohio's holdings in Telefonica Brasil were worth $541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Alhambra Investment Management LLC bought a new position in Telefonica Brasil during the second quarter worth about $130,000. Ballentine Partners LLC raised its position in shares of Telefonica Brasil by 10.7% in the 2nd quarter. Ballentine Partners LLC now owns 54,898 shares of the Wireless communications provider's stock valued at $626,000 after acquiring an additional 5,295 shares during the period. Kapitalo Investimentos Ltda bought a new position in Telefonica Brasil during the 2nd quarter worth approximately $2,388,000. Farther Finance Advisors LLC grew its holdings in Telefonica Brasil by 543.7% during the second quarter. Farther Finance Advisors LLC now owns 4,918 shares of the Wireless communications provider's stock valued at $56,000 after purchasing an additional 4,154 shares during the period. Finally, Modern Wealth Management LLC acquired a new position in Telefonica Brasil during the first quarter valued at approximately $423,000. Institutional investors own 5.16% of the company's stock.

Telefonica Brasil Price Performance

Shares of NYSE VIV opened at $12.42 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.95. The business has a 50-day moving average of $12.28 and a 200-day moving average of $12.02. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 0.86 and a beta of 0.77. Telefonica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week 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 (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 the consensus estimate of $14.48 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. As a group, sell-side analysts predict that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VIV has been the topic of a number of recent analyst reports. Barclays reissued an "overweight" rating and set a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a research report on Thursday, August 7th. Scotiabank lifted their target price on Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Telefonica Brasil from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Telefonica Brasil in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.

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