Commons Capital LLC Takes $551,000 Position in Telefônica Brasil S.A. (NYSE:VIV)

Commons Capital LLC acquired a new position in Telefônica Brasil S.A. (NYSE:VIV) during the 4th quarter, HoldingsChannel reports. The fund acquired 73,000 shares of the Wireless communications provider’s stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bleakley Financial Group LLC lifted its holdings in Telefônica Brasil by 5.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after buying an additional 1,080 shares during the period. Quantinno Capital Management LP raised its position in shares of Telefônica Brasil by 3.5% during the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after acquiring an additional 1,136 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Telefônica Brasil by 4.1% in the second quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after acquiring an additional 1,150 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Telefônica Brasil by 5.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock valued at $243,000 after acquiring an additional 1,236 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 1,543 shares during the period. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefônica Brasil Trading Up 2.5 %

VIV opened at $8.26 on Wednesday. The company has a market cap of $13.66 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 0.75 and a beta of 0.78. The company has a fifty day moving average price of $8.22 and a two-hundred day moving average price of $8.96. 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 S.A. has a 1-year low of $7.47 and a 1-year high of $11.43.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results 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 return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business earned $0.18 EPS. Analysts predict that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Telefônica Brasil

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.