Tocqueville Asset Management L.P. grew its stake in Telefonica Brasil SA (NYSE:VIV) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,723,360 shares of the Wireless communications provider’s stock after purchasing an additional 58,400 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.10% of Telefonica Brasil worth $25,557,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Telefonica Brasil by 294.9% in the fourth quarter. Renaissance Technologies LLC now owns 312,953 shares of the Wireless communications provider’s stock valued at $4,641,000 after purchasing an additional 233,700 shares during the period. ETRADE Capital Management LLC grew its position in shares of Telefonica Brasil by 28.8% in the fourth quarter. ETRADE Capital Management LLC now owns 26,227 shares of the Wireless communications provider’s stock valued at $389,000 after purchasing an additional 5,867 shares during the period. Lazard Asset Management LLC grew its position in shares of Telefonica Brasil by 1.4% in the fourth quarter. Lazard Asset Management LLC now owns 774,699 shares of the Wireless communications provider’s stock valued at $11,488,000 after purchasing an additional 10,995 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Telefonica Brasil in the fourth quarter valued at about $2,840,000. Finally, Cooperatieve Rabobank U.A. acquired a new stake in shares of Telefonica Brasil in the fourth quarter valued at about $1,637,000. Institutional investors and hedge funds own 9.60% of the company’s stock.
Telefonica Brasil SA (NYSE:VIV) remained flat at $$15.53 on Wednesday. The stock had a trading volume of 897,480 shares, compared to its average volume of 1,120,000. The stock has a market capitalization of $24,830.00, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.18 and a beta of 1.42. Telefonica Brasil SA has a 1-year low of $13.06 and a 1-year high of $17.33. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.08.
Several analysts have recently issued reports on VIV shares. Credit Suisse Group lowered shares of Telefonica Brasil from an “outperform” rating to a “neutral” rating in a research report on Friday, January 19th. Zacks Investment Research lowered shares of Telefonica Brasil from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Sunday, January 21st. Finally, Santander lowered shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.53.
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About Telefonica Brasil
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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