River Road Asset Management LLC purchased a new stake in shares of Telefonica Brasil S.A. (NYSE:VIV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,933 shares of the company’s stock, valued at approximately $173,000. River Road Asset Management LLC owned 647.42% of Telefonica Brasil at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VIV. Artisan Partners Limited Partnership increased its holdings in Telefonica Brasil by 4.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 74,619,075 shares of the company’s stock valued at $1,006,611,000 after purchasing an additional 3,236,064 shares during the period. Citigroup Inc. increased its holdings in Telefonica Brasil by 1,685.8% during the 2nd quarter. Citigroup Inc. now owns 1,310,961 shares of the company’s stock valued at $17,684,000 after purchasing an additional 1,237,552 shares during the period. Tocqueville Asset Management L.P. increased its holdings in Telefonica Brasil by 106.8% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,481,042 shares of the company’s stock valued at $19,979,000 after purchasing an additional 764,760 shares during the period. Banco BTG Pactual S.A. purchased a new position in Telefonica Brasil during the 2nd quarter valued at about $7,088,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Telefonica Brasil by 488.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 470,757 shares of the company’s stock valued at $6,351,000 after purchasing an additional 390,711 shares during the period. Institutional investors own 10.06% of the company’s stock.

Shares of Telefonica Brasil S.A. (NYSE:VIV) opened at C$14.93 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $25,212.20, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.38. Telefonica Brasil S.A. has a 12-month low of C$11.95 and a 12-month high of C$16.85.

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Several analysts have weighed in on VIV shares. Royal Bank Of Canada set a $15.00 price objective on Telefonica Brasil and gave the company a “hold” rating in a research report on Friday, July 28th. BidaskClub raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research cut Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price objective on shares of Telefonica Brasil in a research report on Monday, August 14th. Finally, Barclays PLC lifted their price objective on Telefonica Brasil from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Three equities 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. Telefonica Brasil presently has a consensus rating of “Buy” and an average target price of C$16.03.

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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