First Affirmative Financial Network Increases Holdings in Telefônica Brasil S.A. (NYSE:VIV)

First Affirmative Financial Network increased its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 45.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,734 shares of the Wireless communications provider’s stock after purchasing an additional 7,127 shares during the period. First Affirmative Financial Network’s holdings in Telefônica Brasil were worth $172,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VIV. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Telefônica Brasil by 7.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after buying an additional 1,053,218 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Telefônica Brasil by 49.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock worth $12,034,000 after acquiring an additional 385,207 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in Telefônica Brasil in the 3rd quarter worth approximately $5,967,000. Millennium Management LLC boosted its holdings in Telefônica Brasil by 96.8% in the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock valued at $4,466,000 after purchasing an additional 267,652 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Telefônica Brasil during the 3rd quarter valued at $5,135,000. Institutional investors own 5.16% of the company’s stock.

Analysts Set New Price Targets

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

Telefônica Brasil Stock Performance

Shares of NYSE VIV opened at $8.75 on Friday. The stock’s 50-day moving average is $8.16 and its 200 day moving average is $8.95. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.80 and a beta of 0.78. Telefônica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $11.43. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $0.18 EPS. On average, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

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.