MQS Management LLC Purchases New Shares in Telefônica Brasil S.A. (NYSE:VIV)

MQS Management LLC bought a new position in Telefônica Brasil S.A. (NYSE:VIV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 45,548 shares of the Wireless communications provider’s stock, valued at approximately $374,000.

A number of other large investors have also recently modified their holdings of the stock. Hsbc Holdings PLC lifted its holdings in Telefônica Brasil by 23.8% in the second quarter. Hsbc Holdings PLC now owns 66,466 shares of the Wireless communications provider’s stock worth $545,000 after buying an additional 12,798 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Telefônica Brasil by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 1,558 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Telefônica Brasil by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider’s stock valued at $15,014,000 after purchasing an additional 197,500 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Telefônica Brasil by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 393,618 shares of the Wireless communications provider’s stock valued at $3,238,000 after purchasing an additional 5,983 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Telefônica Brasil by 42.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 22,472 shares of the Wireless communications provider’s stock worth $184,000 after purchasing an additional 6,666 shares during the period. Institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Barclays upped their price objective on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.17.

Telefônica Brasil Stock Performance

Shares of Telefônica Brasil stock opened at $10.12 on Friday. Telefônica Brasil S.A. has a 1 year low of $8.02 and a 1 year high of $11.43. The firm’s 50-day moving average is $9.26 and its 200 day moving average is $9.25. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 0.98.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.61 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were issued a $0.0379 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 27th. Telefônica Brasil’s payout ratio is 47.62%.

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.