Strs Ohio Buys Shares of 819,600 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 position in Telefonica Brasil S.A. (NYSE:VIV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 819,600 shares of the Wireless communications provider's stock, valued at approximately $7,147,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings 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 worth $33,000 after acquiring an additional 1,067 shares in the last quarter. Rhumbline Advisers increased its holdings in Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. SVB Wealth LLC purchased a new stake in Telefonica Brasil in the 1st quarter worth $41,000. Advisors Asset Management Inc. purchased a new stake in Telefonica Brasil in the 1st quarter worth $52,000. Finally, Brooklyn Investment Group increased its holdings in Telefonica Brasil by 946.6% in the 1st quarter. Brooklyn Investment Group now owns 7,944 shares of the Wireless communications provider's stock worth $69,000 after acquiring an additional 7,185 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company's stock.

Telefonica Brasil Trading Down 0.6%

Shares of VIV stock traded down $0.08 on Friday, hitting $12.59. 866,832 shares of the stock traded hands, compared to its average volume of 661,805. The firm's 50-day moving average price is $11.99 and its two-hundred day moving average price is $12.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.98. The stock has a market capitalization of $20.48 billion, a PE ratio of 20.31, a PEG ratio of 0.86 and a beta of 0.81. Telefonica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $12.92.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $14.48 billion. Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. As a group, analysts anticipate that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Telefonica Brasil from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Scotiabank lifted their target price on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Zacks Research cut shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Barclays reaffirmed an "overweight" rating and set a $13.00 target price (up previously from $12.50) on shares of Telefonica Brasil in a research note on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Telefonica Brasil presently 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.