DAVENPORT & Co LLC Purchases Shares of 10,347 Telefônica Brasil S.A. (NYSE:VIV)

DAVENPORT & Co LLC acquired a new position 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 fund acquired 10,347 shares of the Wireless communications provider’s stock, valued at approximately $78,000.

Several other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC increased its stake in shares of 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 purchasing an additional 1,080 shares during the last quarter. Quantinno Capital Management LP grew its stake in Telefônica Brasil by 3.5% in the 3rd quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock valued at $343,000 after buying an additional 1,136 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Telefônica Brasil by 5.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock valued at $243,000 after buying an additional 1,236 shares during the last quarter. GAMMA Investing LLC grew its stake in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,543 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in Telefônica Brasil by 3.1% in the 3rd quarter. DGS Capital Management LLC now owns 65,781 shares of the Wireless communications provider’s stock valued at $676,000 after buying an additional 1,984 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefônica Brasil Stock Performance

NYSE VIV opened at $8.75 on Monday. 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 capitalization of $14.45 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.82 and a beta of 0.79. Telefônica Brasil S.A. has a 12-month low of $7.47 and a 12-month high of $11.43. The firm has a 50-day moving average price of $8.18 and a two-hundred day moving average price of $8.95.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VIV shares. The Goldman Sachs Group decreased their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, Barclays upped their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.47.

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.