Legal & General Group Plc maintained its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,611 shares of the Wireless communications provider’s stock at the end of the first quarter. Legal & General Group Plc’s holdings in Telefonica Brasil were worth $187,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VIV. Schafer Cullen Capital Management Inc. boosted 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 during the period. Pzena Investment Management LLC increased its stake in Telefonica Brasil by 4.8% in the first quarter. Pzena Investment Management LLC now owns 3,594,488 shares of the Wireless communications provider’s stock valued at $53,379,000 after buying an additional 166,247 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Telefonica Brasil by 0.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 2,607,700 shares of the Wireless communications provider’s stock valued at $38,737,000 after buying an additional 6,900 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Telefonica Brasil by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,390,640 shares of the Wireless communications provider’s stock valued at $20,651,000 after buying an additional 27,432 shares during the last quarter. Finally, Comgest Global Investors S.A.S. increased its stake in Telefonica Brasil by 5.8% in the first quarter. Comgest Global Investors S.A.S. now owns 1,321,202 shares of the Wireless communications provider’s stock valued at $19,620,000 after buying an additional 72,100 shares during the last quarter. Hedge funds and other institutional investors own 10.88% of the company’s stock.

Telefonica Brasil S.A. (VIV) traded up 0.60% during mid-day trading on Friday, reaching $15.07. The company’s stock had a trading volume of 1,153,824 shares. The company has a market cap of $25.45 billion, a price-to-earnings ratio of 19.73 and a beta of 1.34. The stock’s 50 day moving average is $14.35 and its 200 day moving average is $14.58. Telefonica Brasil S.A. has a 12 month low of $11.95 and a 12 month high of $15.69.

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

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Several research firms have issued reports on VIV. BidaskClub upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Zacks Investment Research downgraded Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $15.50 price objective on shares of Telefonica Brasil in a report on Tuesday, May 16th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $15.50.

Telefonica Brasil Company Profile

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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