Stegent Equity Advisors Inc. Raises Stock Holdings in Telefonica Brasil S.A. $VIV

Stegent Equity Advisors Inc. lifted its holdings in Telefonica Brasil S.A. (NYSE:VIV) by 303.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,391 shares of the Wireless communications provider’s stock after purchasing an additional 108,613 shares during the quarter. Telefonica Brasil accounts for approximately 1.5% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 21st largest position. Stegent Equity Advisors Inc.’s holdings in Telefonica Brasil were worth $1,841,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Telefonica Brasil by 3.7% during the third quarter. Signaturefd LLC now owns 24,891 shares of the Wireless communications provider’s stock valued at $317,000 after purchasing an additional 886 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Telefonica Brasil by 2.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 40,454 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 1,109 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Telefonica Brasil by 45.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 1,619 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Telefonica Brasil by 8.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,383 shares of the Wireless communications provider’s stock worth $244,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Telefonica Brasil by 28.7% during the second quarter. Advisors Asset Management Inc. now owns 7,620 shares of the Wireless communications provider’s stock worth $87,000 after acquiring an additional 1,701 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Down 0.9%

Shares of NYSE:VIV opened at $12.06 on Friday. The business’s 50 day moving average is $12.42 and its 200 day moving average is $12.21. The stock has a market cap of $19.61 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.73 and a beta of 0.70. Telefonica Brasil S.A. has a 52-week low of $7.96 and a 52-week high of $13.31. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.19.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Friday, November 14th. The Wireless communications provider reported $0.11 earnings per share for the quarter. Telefonica Brasil had a return on equity of 8.67% and a net margin of 10.37%.The business had revenue of $2.81 billion during the quarter. Sell-side analysts predict that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Barclays restated an “overweight” rating and set a $14.50 price target on shares of Telefonica Brasil in a report on Monday, November 3rd. Morgan Stanley set a $12.00 price target on Telefonica Brasil in a research report on Wednesday, October 8th. Bank of America assumed coverage on shares of Telefonica Brasil in a research report on Thursday, December 11th. They set an “underperform” rating and a $14.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.12.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.