V Square Quantitative Management LLC Grows Position in Telefônica Brasil S.A. (NYSE:VIV)

V Square Quantitative Management LLC raised its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,423 shares of the Wireless communications provider’s stock after purchasing an additional 19,045 shares during the quarter. V Square Quantitative Management LLC’s holdings in Telefônica Brasil were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Telefônica Brasil by 4.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 225,212 shares of the Wireless communications provider’s stock valued at $1,700,000 after purchasing an additional 9,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Telefônica Brasil by 10.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider’s stock valued at $151,000 after purchasing an additional 1,873 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in Telefônica Brasil during the fourth quarter valued at about $78,000. Caprock Group LLC lifted its holdings in Telefônica Brasil by 23.5% during the fourth quarter. Caprock Group LLC now owns 88,616 shares of the Wireless communications provider’s stock valued at $669,000 after purchasing an additional 16,878 shares during the last quarter. Finally, First Affirmative Financial Network lifted its holdings in shares of Telefônica Brasil by 45.7% in the fourth quarter. First Affirmative Financial Network now owns 22,734 shares of the Wireless communications provider’s stock worth $172,000 after buying an additional 7,127 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VIV shares. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. The Goldman Sachs Group decreased their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Barclays upped their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and a consensus target price of $10.47.

Telefônica Brasil Trading Up 1.6 %

Telefônica Brasil stock opened at $9.39 on Friday. The stock has a market cap of $15.51 billion, a P/E ratio of 14.90, a PEG ratio of 0.82 and a beta of 0.79. Telefônica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $11.43. The firm’s fifty day moving average price is $8.24 and its 200-day moving average price is $8.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96.

Telefônica Brasil 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.