Tidal Investments LLC Buys 168,185 Shares of Telefonica Brasil S.A. $VIV

Tidal Investments LLC grew its stake in Telefonica Brasil S.A. (NYSE:VIV) by 54.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 477,011 shares of the Wireless communications provider’s stock after buying an additional 168,185 shares during the period. Tidal Investments LLC’s holdings in Telefonica Brasil were worth $6,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 3,266 shares during the last quarter. Arax Advisory Partners grew its position in Telefonica Brasil by 54.4% during the fourth quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 1,330 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Telefonica Brasil during the first quarter valued at about $52,000. EverSource Wealth Advisors LLC increased its stake in Telefonica Brasil by 214.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 3,248 shares during the period. Finally, Allworth Financial LP raised its holdings in Telefonica Brasil by 74.6% in the 2nd quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider’s stock valued at $60,000 after acquiring an additional 1,943 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VIV. Scotiabank decreased their price objective on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a research note on Thursday, August 20th. Weiss Ratings cut Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group started coverage on shares of Telefonica Brasil in a research note on Monday, May 18th. They set a “sell” rating and a $13.90 price target on the stock. Finally, Barclays set a $16.00 price target on shares of Telefonica Brasil in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $14.66.

Telefonica Brasil Price Performance

Telefonica Brasil stock opened at $11.87 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89. The company has a market capitalization of $19.30 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.67 and a beta of 0.55. Telefonica Brasil S.A. has a one year low of $11.18 and a one year high of $17.25. The business has a 50 day simple moving average of $12.47 and a 200 day simple moving average of $14.02.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. On average, sell-side analysts forecast that Telefonica Brasil S.A. will post 0.94 EPS for the current fiscal year.

Telefonica Brasil Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were paid a $0.4562 dividend. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s payout ratio is currently 53.85%.

Telefonica Brasil Company Profile

Telefonica Brasil SA, operating primarily under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector customers throughout Brazil. The company is a subsidiary of Spain-based Telefónica SA and is headquartered in São Paulo.

Vivo provides mobile voice and data services, wireless connectivity and related digital products. Its portfolio also includes fixed-line broadband, fiber-optic internet, television and other communications services, as well as information technology, cloud, cybersecurity and connectivity solutions for business customers.

The company traces its origins to the restructuring and privatization of Brazil’s telecommunications sector in the late 1990s.