R Squared Ltd Takes Position in Telefônica Brasil S.A. (NYSE:VIV)

R Squared Ltd bought a new stake in shares of Telefônica Brasil S.A. (NYSE:VIV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,940 shares of the Wireless communications provider’s stock, valued at approximately $37,000.

Several other hedge funds have also recently made changes to their positions in VIV. BSW Wealth Partners raised its position in Telefônica Brasil by 11.0% in the 4th quarter. BSW Wealth Partners now owns 22,212 shares of the Wireless communications provider’s stock worth $168,000 after purchasing an additional 2,205 shares during the period. Blue Trust Inc. increased its position in shares of Telefônica Brasil by 46.4% during the fourth quarter. Blue Trust Inc. now owns 8,823 shares of the Wireless communications provider’s stock worth $67,000 after acquiring an additional 2,797 shares during the period. Commons Capital LLC purchased a new position in shares of Telefônica Brasil during the fourth quarter worth approximately $551,000. Crossmark Global Holdings Inc. increased its position in shares of Telefônica Brasil by 6.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 33,832 shares of the Wireless communications provider’s stock worth $256,000 after acquiring an additional 2,106 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 1,543 shares during the period. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefônica Brasil Price Performance

Shares of VIV opened at $8.88 on Tuesday. Telefônica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $11.43. The company has a 50 day moving average of $8.16 and a two-hundred day moving average of $8.95. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.52 billion. During the same quarter last year, the company posted $0.18 earnings per share. As a group, analysts predict that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VIV shares. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Barclays raised their target price 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 reduced their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. 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.com, Telefônica Brasil has a consensus rating of “Moderate Buy” and an average 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.