Telefônica Brasil S.A. (NYSE:VIV) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC grew its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,781 shares of the Wireless communications provider’s stock after purchasing an additional 1,984 shares during the quarter. DGS Capital Management LLC’s holdings in Telefônica Brasil were worth $676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Telefônica Brasil by 5.6% during the third quarter. Franklin Resources Inc. now owns 47,321 shares of the Wireless communications provider’s stock valued at $450,000 after buying an additional 2,511 shares during the last quarter. M&T Bank Corp raised its stake in Telefônica Brasil by 10.4% during the 3rd quarter. M&T Bank Corp now owns 40,462 shares of the Wireless communications provider’s stock valued at $416,000 after acquiring an additional 3,820 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Telefônica Brasil during the 3rd quarter worth $1,619,000. State Street Corp grew its stake in shares of Telefônica Brasil by 27.7% in the third quarter. State Street Corp now owns 326,954 shares of the Wireless communications provider’s stock worth $3,413,000 after purchasing an additional 70,900 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock valued at $2,716,000 after purchasing an additional 77,005 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VIV. Scotiabank upped their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Thursday. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Barclays boosted their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.07.

Telefônica Brasil Stock Performance

VIV stock traded down $0.05 during mid-day trading on Friday, reaching $8.20. 63,774 shares of the stock traded hands, compared to its average volume of 816,183. The firm has a market capitalization of $13.64 billion, a PE ratio of 13.10, a P/E/G ratio of 0.84 and a beta of 0.78. The business has a 50-day moving average of $9.08 and a two-hundred day moving average of $9.05. Telefônica Brasil S.A. has a 52 week low of $8.01 and a 52 week high of $11.43. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. During the same quarter last year, the firm posted $0.18 EPS. As a group, equities analysts predict that Telefônica Brasil S.A. will post 0.63 EPS for the current fiscal year.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.