Telefonica Brasil S.A. $VIV Stock: Robeco Institutional Asset Management B.V. Decreases Stake

Key Points

• Robeco Institutional Asset Management cut its Telefonica Brasil stake by 30.1% in the third quarter, selling 4.64 million shares and retaining 10.76 million shares, or about 0.66% of the company.
• Telefonica Brasil shares opened at $12.92, up 0.8%, with a market capitalization of approximately $21.02 billion. The company recently reported $0.19 in quarterly EPS, below the $0.23 analyst consensus, while revenue matched estimates at $3.04 billion.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, based on one Buy, six Hold, and two Sell ratings, with an average price target of $14.66.

Robeco Institutional Asset Management B.V. reduced its stake in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 30.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,762,061 shares of the Wireless communications provider's stock after selling 4,644,033 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.66% of Telefonica Brasil worth $123,226,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VIV. Tidal Investments LLC grew its stake in shares of Telefonica Brasil by 54.5% in the 2nd quarter. Tidal Investments LLC now owns 477,011 shares of the Wireless communications provider's stock worth $6,277,000 after acquiring an additional 168,185 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in shares of Telefonica Brasil in the first quarter valued at about $1,277,000. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Telefonica Brasil by 286.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 140,456 shares of the Wireless communications provider's stock valued at $1,848,000 after purchasing an additional 104,100 shares during the last quarter. Opal Capital LLC bought a new position in shares of Telefonica Brasil during the first quarter valued at about $4,255,000. Finally, Nykredit A S bought a new position in shares of Telefonica Brasil during the second quarter valued at about $644,000. 5.16% of the stock is currently owned by institutional investors.

Telefonica Brasil Trading Up 0.8%

Shares of Telefonica Brasil stock opened at $12.92 on Thursday. Telefonica Brasil S.A. has a 1 year low of $11.17 and a 1 year high of $17.25. The firm has a market cap of $21.02 billion, a PE ratio of 16.44, a P/E/G ratio of 0.72 and a beta of 0.52. The stock has a fifty day moving average price of $11.85 and a 200-day moving average price of $13.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89.

Telefonica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. Telefonica Brasil had a return on equity of 9.72% and a net margin of 10.64%. Equities research analysts anticipate that Telefonica Brasil S.A. will post 0.95 EPS for the current year.

Analyst Ratings Changes

VIV has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Telefonica Brasil in a research report on Friday, October 2nd. Barclays set a $16.00 target price on shares of Telefonica Brasil in a research report on Wednesday, July 29th. Morgan Stanley set a $14.00 target price on shares of Telefonica Brasil in a research report on Thursday, August 20th. Finally, Bank of America upgraded Telefonica Brasil from an "underperform" rating to a "neutral" rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Telefonica Brasil presently has an average rating of "Reduce" and a consensus target price of $14.66.

About Telefonica Brasil

Telefônica Brasil SA, operating under the Vivo brand, is one of Brazil's major telecommunications companies. The company provides mobile voice and data services, fixed-line telecommunications, broadband internet, and other connectivity solutions to consumers, businesses, and public-sector customers.

Its offerings include mobile communication plans, 4G and 5G services, fiber-optic broadband, fixed voice services, television and digital entertainment options, and business technology solutions.

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