Ritholtz Wealth Management Has $1.72 Million Stock Position in Telefonica Brasil S.A. $VIV

Key Points

• Ritholtz Wealth Management increased its stake in Telefonica Brasil S.A. by 80.4% during the 2nd quarter, now holding $1.72 million worth of stock.
• Analysts have varying opinions on Telefonica Brasil, with a consensus price target of $12.53, while several firms have recently adjusted their rating, including an upgrade to "buy" from Weiss Ratings.
• Telefonica Brasil reported an earnings miss for the last quarter, with $0.15 EPS compared to a consensus estimate of $0.16, alongside a revenue of $2.62 billion.

Ritholtz Wealth Management boosted its position in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 80.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 151,259 shares of the Wireless communications provider's stock after purchasing an additional 67,392 shares during the period. Ritholtz Wealth Management's holdings in Telefonica Brasil were worth $1,724,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of VIV. SBI Securities Co. Ltd. lifted its stake in 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 valued at $33,000 after purchasing an additional 1,067 shares during the last quarter. Rhumbline Advisers lifted its stake in Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 3,266 shares during the last quarter. SVB Wealth LLC acquired a new stake in Telefonica Brasil in the 1st quarter valued at about $41,000. Advisors Asset Management Inc. acquired a new stake in Telefonica Brasil in the 1st quarter valued at about $52,000. Finally, Farther Finance Advisors LLC lifted its stake in Telefonica Brasil by 543.7% in the 2nd 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 last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VIV has been the topic of several research analyst reports. Morgan Stanley set a $12.00 price target on shares of Telefonica Brasil in a report on Wednesday, October 8th. Zacks Research cut shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. The Goldman Sachs Group increased their price target on shares of Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a report on Tuesday, August 19th. Weiss Ratings raised shares of Telefonica Brasil from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Finally, Barclays reissued an "overweight" rating and issued a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.53.

Telefonica Brasil Stock Up 0.3%

Shares of VIV opened at $11.94 on Friday. Telefonica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $12.92. The firm's 50 day moving average is $12.37 and its 200-day moving average is $11.76. The stock has a market capitalization of $19.42 billion, a PE ratio of 19.26, a P/E/G ratio of 0.81 and a beta of 0.77. 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 announced 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). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Equities research analysts forecast that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

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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