Telefonica Brasil S.A. $VIV Stock: Robeco Institutional Asset Management B.V. Reduces Position

Robeco Institutional Asset Management B.V. decreased its position in Telefonica Brasil S.A. (NYSE:VIV) by 30.1% during the 3rd quarter, according to the company in its most recent disclosure 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 period. Robeco Institutional Asset Management B.V.’s holdings in Telefonica Brasil were worth $123,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VIV. TrueMark Investments LLC purchased a new stake in Telefonica Brasil in the first quarter worth $4,255,000. Opal Capital LLC bought a new stake in shares of Telefonica Brasil in the first quarter valued at $4,255,000. Tidal Investments LLC lifted its position in shares of Telefonica Brasil by 54.5% during the 2nd quarter. Tidal Investments LLC now owns 477,011 shares of the Wireless communications provider’s stock valued at $6,277,000 after buying an additional 168,185 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Telefonica Brasil by 286.3% during the 2nd 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 buying an additional 104,100 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in shares of Telefonica Brasil during the 1st quarter valued at $1,277,000. 5.16% of the stock is owned by institutional investors.

Telefonica Brasil Stock Up 0.8%

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 capitalization of $21.02 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.72 and a beta of 0.52. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $11.85 and a 200 day simple moving average of $13.28.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share (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 net margin of 10.64% and a return on equity of 9.72%. On average, analysts predict that Telefonica Brasil S.A. will post 0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VIV. Morgan Stanley set a $14.00 price target on Telefonica Brasil in a research note on Thursday, August 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Telefonica Brasil in a research note on Friday, October 2nd. Barclays set a $16.00 price objective on shares of Telefonica Brasil in a report on Wednesday, July 29th. Finally, Bank of America upgraded shares of Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Telefonica Brasil presently has an average rating of “Reduce” and a consensus price target of $14.66.

Telefonica Brasil Profile

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.