Telefonica Brasil S.A. (VIV) Shares Sold by Pzena Investment Management LLC
Pzena Investment Management LLC lowered its stake in Telefonica Brasil S.A. (NYSE:VIV) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,837,652 shares of the Wireless communications provider’s stock after selling 6,868 shares during the period. Pzena Investment Management LLC owned 0.23% of Telefonica Brasil worth $60,788,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of VIV. Bank of New York Mellon Corp lifted its holdings in shares of Telefonica Brasil by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock worth $3,273,000 after purchasing an additional 1,212 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Telefonica Brasil by 12.9% during the first quarter. Vanguard Group Inc. now owns 3,156,391 shares of the Wireless communications provider’s stock worth $46,872,000 after purchasing an additional 360,266 shares during the period. Morgan Stanley lifted its holdings in shares of Telefonica Brasil by 264.9% during the first quarter. Morgan Stanley now owns 207,915 shares of the Wireless communications provider’s stock worth $3,088,000 after purchasing an additional 150,932 shares during the period. KCG Holdings Inc. acquired a new position in shares of Telefonica Brasil during the first quarter worth $423,000. Finally, Aperio Group LLC lifted its holdings in shares of Telefonica Brasil by 16.4% during the second quarter. Aperio Group LLC now owns 307,497 shares of the Wireless communications provider’s stock worth $4,148,000 after purchasing an additional 43,268 shares during the period. Hedge funds and other institutional investors own 10.06% of the company’s stock.
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A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $15.60 price target on shares of Telefonica Brasil in a report on Thursday, November 2nd. Barclays PLC lifted their price target on shares of Telefonica Brasil from $17.00 to $17.50 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Telefonica Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Morgan Stanley reiterated an “equal weight” rating and set a $15.00 price target on shares of Telefonica Brasil in a report on Monday, August 14th. Finally, BidaskClub upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Telefonica Brasil has a consensus rating of “Buy” and an average price target of $16.03.
Telefonica Brasil S.A. (NYSE:VIV) traded down $0.21 during mid-day trading on Friday, reaching $14.93. 1,669,589 shares of the company traded hands, compared to its average volume of 1,222,038. The firm has a market capitalization of $25,566.83, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. Telefonica Brasil S.A. has a 1-year low of $11.95 and a 1-year high of $16.85.
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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