Public Employees Retirement System of Ohio Takes Position in Telefônica Brasil S.A. (NYSE:VIV)

Public Employees Retirement System of Ohio bought a new position in shares of Telefônica Brasil S.A. (NYSE:VIV) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 157,623 shares of the Wireless communications provider’s stock, valued at approximately $1,619,000.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in 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 buying an additional 385,207 shares in the last quarter. Acadian Asset Management LLC grew its position in Telefônica Brasil by 308.7% during the second quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider’s stock worth $2,166,000 after buying an additional 199,546 shares in the last quarter. Stifel Financial Corp grew its position in Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock worth $2,716,000 after buying an additional 77,005 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Telefônica Brasil during the second quarter worth about $842,000. Finally, Brandes Investment Partners LP grew its position in Telefônica Brasil by 14.3% during the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after buying an additional 275,569 shares in the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $7.70 on Thursday. Telefônica Brasil S.A. has a 1 year low of $7.66 and a 1 year high of $11.43. The firm has a 50 day moving average of $8.93 and a 200-day moving average of $9.04. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $12.81 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

VIV has been the subject of a number of analyst reports. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Scotiabank raised their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays raised their price target on shares of 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Telefônica Brasil presently has a consensus rating of “Hold” and an average price target of $11.07.

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.