Vanguard Group Inc. boosted its stake in Telefonica Brasil S.A. (NYSE:VIV) by 12.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,156,391 shares of the Wireless communications provider’s stock after buying an additional 360,266 shares during the period. Vanguard Group Inc.’s holdings in Telefonica Brasil were worth $46,872,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Telefonica Brasil by 12.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,854,849 shares of the Wireless communications provider’s stock valued at $27,544,000 after buying an additional 207,319 shares in the last quarter. Foyston Gordon & Payne Inc raised its stake in shares of Telefonica Brasil by 2.0% in the first quarter. Foyston Gordon & Payne Inc now owns 90,682 shares of the Wireless communications provider’s stock valued at $1,347,000 after buying an additional 1,800 shares in the last quarter. Ngam Advisors L.P. raised its stake in shares of Telefonica Brasil by 13.4% in the first quarter. Ngam Advisors L.P. now owns 691,654 shares of the Wireless communications provider’s stock valued at $10,271,000 after buying an additional 81,830 shares in the last quarter. Cullen Capital Management LLC raised its stake in shares of Telefonica Brasil by 8.4% in the first quarter. Cullen Capital Management LLC now owns 509,340 shares of the Wireless communications provider’s stock valued at $7,564,000 after buying an additional 39,590 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc. raised its stake in shares of Telefonica Brasil by 7.7% in the first quarter. Schafer Cullen Capital Management Inc. now owns 4,380,283 shares of the Wireless communications provider’s stock valued at $65,047,000 after buying an additional 313,836 shares in the last quarter. Institutional investors own 10.88% of the company’s stock.

Shares of Telefonica Brasil S.A. (NYSE VIV) traded up 0.13% during midday trading on Friday, reaching $15.00. The company’s stock had a trading volume of 367,116 shares. Telefonica Brasil S.A. has a 52 week low of $11.95 and a 52 week high of $15.69. The stock has a 50-day moving average price of $14.31 and a 200 day moving average price of $14.58. The stock has a market capitalization of $25.33 billion, a PE ratio of 19.63 and a beta of 1.34.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $3.33 billion for the quarter. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. Equities analysts forecast that Telefonica Brasil S.A. will post $0.92 earnings per share for the current year.

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Several brokerages have commented on VIV. BidaskClub upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $15.00 price target on Telefonica Brasil and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $15.50.

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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