Strs Ohio Takes Position in Telefonica Brasil S.A. $VIV

Key Points

• Strs Ohio acquired a new stake in Telefonica Brasil S.A. (NYSE: VIV), purchasing 819,600 shares valued at approximately $7.15 million during the first quarter.
• Analysts have provided mixed ratings for Telefonica Brasil, with two recommending a Buy rating, four a Hold rating, and one a Sell rating, resulting in an average target price of $12.70.
• The company's recent earnings report showed a quarterly revenue of $2.62 billion, which fell short of analysts' expectations of $14.48 billion, with earnings per share (EPS) of $0.15.

Strs Ohio purchased a new stake in Telefonica Brasil S.A. (NYSE:VIV - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 819,600 shares of the Wireless communications provider's stock, valued at approximately $7,147,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ascent Group LLC purchased a new stake in shares of Telefonica Brasil in the 1st quarter valued at approximately $158,000. Advisors Asset Management Inc. purchased a new stake in Telefonica Brasil during the 1st quarter worth approximately $52,000. AlTi Global Inc. purchased a new stake in Telefonica Brasil during the 1st quarter worth approximately $91,000. Aprio Wealth Management LLC increased its stake in Telefonica Brasil by 107.7% during the 1st quarter. Aprio Wealth Management LLC now owns 26,834 shares of the Wireless communications provider's stock worth $234,000 after buying an additional 13,917 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Telefonica Brasil by 87.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 77,678 shares of the Wireless communications provider's stock worth $677,000 after buying an additional 36,224 shares during the period. 5.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VIV shares. Scotiabank increased their price objective on shares of Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Citigroup began coverage on shares of Telefonica Brasil in a research report on Wednesday, September 10th. They issued a "neutral" rating on the stock. Barclays reaffirmed an "overweight" rating and issued a $13.00 target price (up from $12.50) on shares of Telefonica Brasil in a research report on Thursday, August 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Finally, The Goldman Sachs Group increased their target price on shares of Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.70.

Telefonica Brasil Stock Performance

Shares of NYSE VIV opened at $12.49 on Monday. 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 S.A. has a 12 month low of $7.47 and a 12 month high of $12.92. 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 company has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $12.50.

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 analysts' consensus estimates of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $14.48 billion. On average, equities analysts anticipate that Telefonica Brasil S.A. will post 0.6 earnings per share 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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