Hsbc Holdings PLC Raises Holdings in Telefonica Brasil S.A. $VIV

Hsbc Holdings PLC grew its holdings in Telefonica Brasil S.A. (NYSE:VIV) by 26.5% in the fourth quarter, Holdings Channel reports. The firm owned 190,168 shares of the Wireless communications provider’s stock after buying an additional 39,782 shares during the quarter. Hsbc Holdings PLC’s holdings in Telefonica Brasil were worth $2,259,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VIV. Invesco Ltd. boosted its position in shares of Telefonica Brasil by 138.8% during the third quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider’s stock valued at $36,422,000 after buying an additional 1,660,475 shares during the last quarter. Jane Street Group LLC bought a new position in Telefonica Brasil during the 2nd quarter valued at about $4,192,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Telefonica Brasil during the 4th quarter valued at about $4,211,000. Millennium Management LLC grew its stake in shares of Telefonica Brasil by 477.6% in the third quarter. Millennium Management LLC now owns 392,232 shares of the Wireless communications provider’s stock worth $5,001,000 after acquiring an additional 324,319 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Telefonica Brasil by 22.5% in the third quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider’s stock worth $21,330,000 after acquiring an additional 307,501 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Trading Down 1.4%

Shares of VIV stock opened at $13.27 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03. The company has a market cap of $21.58 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 0.71 and a beta of 0.56. Telefonica Brasil S.A. has a 1 year low of $10.79 and a 1 year high of $17.25. The firm has a fifty day moving average price of $14.12 and a 200-day moving average price of $14.33.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%. As a group, equities analysts predict that Telefonica Brasil S.A. will post 0.97 earnings per share for the current year.

Telefonica Brasil Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be given a $0.4562 dividend. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is presently 36.49%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bradesco Corretora downgraded shares of Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th. UBS Group downgraded shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research report on Wednesday, March 11th. Weiss Ratings lowered shares of Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, New Street Research raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $14.36.

Telefonica Brasil Company Profile

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.