Airain ltd acquired a new position in shares of Telefonica Brasil S.A. (NYSE:VIV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,238 shares of the Wireless communications provider’s stock, valued at approximately $1,177,000.

Several other hedge funds have also recently added to or reduced their stakes in VIV. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Telefonica Brasil by 2.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,604 shares of the Wireless communications provider’s stock worth $143,000 after buying an additional 200 shares in the last quarter. Princeton Alpha Management LP purchased a new stake in Telefonica Brasil during the first quarter worth approximately $158,000. AXA purchased a new stake in Telefonica Brasil during the first quarter worth approximately $177,000. Trexquant Investment LP purchased a new stake in Telefonica Brasil during the second quarter worth approximately $175,000. Finally, Sei Investments Co. boosted its stake in Telefonica Brasil by 9.2% in the first quarter. Sei Investments Co. now owns 15,340 shares of the Wireless communications provider’s stock worth $228,000 after buying an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 10.04% of the company’s stock.

Shares of Telefonica Brasil S.A. (NYSE:VIV) opened at 15.51 on Friday. Telefonica Brasil S.A. has a 52-week low of $11.95 and a 52-week high of $15.71. The company has a 50 day moving average of $15.00 and a 200-day moving average of $14.61. The company has a market cap of $26.19 billion, a PE ratio of 20.60 and a beta of 1.35.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.06. The firm had revenue of $3.33 billion during the quarter. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. Analysts forecast that Telefonica Brasil S.A. will post $0.90 EPS for the current fiscal year.

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A number of research firms recently commented on VIV. Zacks Investment Research cut shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Morgan Stanley restated an “equal weight” rating and issued a $15.00 price objective on shares of Telefonica Brasil in a research report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $15.50 price objective on shares of Telefonica Brasil in a research report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.33.

About Telefonica Brasil

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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Institutional Ownership by Quarter for Telefonica Brasil (NYSE:VIV)

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