First Affirmative Financial Network Purchases 7,127 Shares of Telefônica Brasil S.A. (NYSE:VIV)

First Affirmative Financial Network raised its position in Telefônica Brasil S.A. (NYSE:VIV) by 45.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,734 shares of the Wireless communications provider’s stock after acquiring 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 filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its stake in Telefônica Brasil by 7.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after purchasing an additional 1,053,218 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Telefônica Brasil by 49.0% during the third 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 in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Telefônica Brasil in the 3rd quarter worth about $5,967,000. Millennium Management LLC lifted its position 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 acquiring an additional 267,652 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Telefônica Brasil during the 3rd quarter valued at about $5,135,000. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Price Performance

VIV opened at $8.75 on Friday. The firm has a market cap of $14.45 billion, a P/E ratio of 13.88, a PEG ratio of 0.80 and a beta of 0.78. 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 S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $11.43. The firm has a 50-day moving average of $8.16 and a 200 day moving average of $8.95.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period in the prior year, the firm earned $0.18 EPS. On average, research analysts expect that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VIV. The Goldman Sachs Group lowered their price objective on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. Barclays boosted 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. Finally, New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.47.

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.