B. Metzler seel. Sohn & Co. Holding AG Makes New $198,000 Investment in Telefônica Brasil S.A. (NYSE:VIV)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Telefônica Brasil S.A. (NYSE:VIV) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,293 shares of the Wireless communications provider’s stock, valued at approximately $198,000.

A number of other hedge funds have also recently made changes to their positions in VIV. Vanguard Group Inc. boosted its stake in shares of Telefônica Brasil by 6.3% in the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock worth $12,311,000 after acquiring an additional 72,388 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Telefônica Brasil in the first quarter worth about $123,000. Cetera Advisors LLC bought a new position in shares of Telefônica Brasil in the first quarter worth about $236,000. Arkfeld Wealth Strategies L.L.C. bought a new position in shares of Telefônica Brasil in the second quarter worth about $85,000. Finally, Simplicity Wealth LLC boosted its stake in shares of Telefônica Brasil by 22.2% in the second quarter. Simplicity Wealth LLC now owns 18,459 shares of the Wireless communications provider’s stock worth $152,000 after acquiring an additional 3,358 shares during the period. Institutional investors own 5.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VIV shares. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Monday. Barclays increased their price target on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday. Finally, Scotiabank increased their price target on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.07.

Telefônica Brasil Price Performance

NYSE:VIV opened at $8.85 on Tuesday. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.87 and a beta of 0.81. Telefônica Brasil S.A. has a 1 year low of $8.02 and a 1 year high of $11.43. The business has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $9.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $2.53 billion during 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 period last year, the company earned $0.18 EPS. Equities analysts forecast that Telefônica Brasil S.A. will post 0.61 EPS for the current 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.