Aberdeen Group plc Has $24.81 Million Position in Telefonica Brasil S.A. $VIV

Key Points

• Aberdeen Group plc has increased its stake in Telefonica Brasil S.A. by 4.2%, acquiring an additional 114,849 shares, bringing its total holdings to approximately 2.84 million shares valued at $24.8 million.
• Telefonica Brasil's recent earnings report revealed an EPS of $0.15, missing the consensus estimate of $0.16, with quarterly revenues reported at $2.62 billion.
• Analysts maintain a consensus rating of "Hold" on Telefonica Brasil, with target prices ranging from $12.50 to $13.00, following recent upgrades and downgrades from various brokerages.

Aberdeen Group plc lifted its position in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,844,839 shares of the Wireless communications provider's stock after acquiring an additional 114,849 shares during the quarter. Aberdeen Group plc owned approximately 0.17% of Telefonica Brasil worth $24,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VIV. LPL Financial LLC raised its position in shares of Telefonica Brasil by 37.3% during the fourth quarter. LPL Financial LLC now owns 68,131 shares of the Wireless communications provider's stock worth $514,000 after acquiring an additional 18,521 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Telefonica Brasil by 64.0% in the fourth quarter. JPMorgan Chase & Co. now owns 104,183 shares of the Wireless communications provider's stock valued at $787,000 after purchasing an additional 40,665 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Telefonica Brasil by 24.6% in the fourth quarter. Wells Fargo & Company MN now owns 440,631 shares of the Wireless communications provider's stock valued at $3,327,000 after purchasing an additional 87,056 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Telefonica Brasil by 2.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 385,972 shares of the Wireless communications provider's stock valued at $2,914,000 after purchasing an additional 7,542 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in Telefonica Brasil in the fourth quarter valued at about $630,000. Institutional investors own 5.16% of the company's stock.

Telefonica Brasil Trading Up 1.6%

NYSE:VIV traded up $0.2050 on Friday, reaching $12.6450. The company's stock had a trading volume of 1,045,066 shares, compared to its average volume of 971,982. Telefonica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $12.66. 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 firm has a market cap of $20.57 billion, a PE ratio of 20.40, a PEG ratio of 0.86 and a beta of 0.71. The business's 50-day moving average price is $11.50 and its two-hundred day moving average price is $13.12.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted 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). The business had revenue of $2.62 billion during 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%. Equities research analysts anticipate that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VIV has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a report on Tuesday. Scotiabank upped their price objective on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Barclays reiterated an "overweight" rating and issued a $13.00 price objective (up previously from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica Brasil in a report on Friday, August 8th. Finally, Wall Street Zen downgraded Telefonica Brasil from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.