Brandes Investment Partners LP Has $173.25 Million Position in Telefonica Brasil S.A. (VIV)
Brandes Investment Partners LP lessened its stake in Telefonica Brasil S.A. (NYSE:VIV) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,706,928 shares of the Wireless communications provider’s stock after selling 225,341 shares during the quarter. Telefonica Brasil makes up about 2.8% of Brandes Investment Partners LP’s portfolio, making the stock its 4th biggest holding. Brandes Investment Partners LP owned 0.63% of Telefonica Brasil worth $173,250,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Telefonica Brasil by 178.1% during the second quarter. PNC Financial Services Group Inc. now owns 7,641 shares of the Wireless communications provider’s stock worth $103,000 after buying an additional 4,893 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of Telefonica Brasil during the third quarter worth $173,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Telefonica Brasil during the third quarter worth $181,000. Trexquant Investment LP purchased a new stake in shares of Telefonica Brasil during the second quarter worth $175,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Telefonica Brasil during the second quarter worth $201,000. 9.63% of the stock is owned by institutional investors.
Telefonica Brasil S.A. (VIV) traded up $0.05 during trading on Wednesday, hitting $15.22. 1,462,400 shares of the stock were exchanged, compared to its average volume of 1,365,769. Telefonica Brasil S.A. has a fifty-two week low of $11.95 and a fifty-two week high of $16.85. The stock has a market capitalization of $24,110.00, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.94.
A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.60 target price on shares of Telefonica Brasil in a report on Thursday, November 2nd. Barclays upped their target price on shares of Telefonica Brasil from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 target price on shares of Telefonica Brasil in a report on Monday, August 14th. BidaskClub raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Telefonica Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Telefonica Brasil presently has an average rating of “Buy” and a consensus price target of $16.03.
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Telefonica Brasil 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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