NWQ Investment Management Company LLC reduced its position in Telefonica Brasil SA (NYSE:VIV) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,883 shares of the Wireless communications provider’s stock after selling 8,260 shares during the quarter. NWQ Investment Management Company LLC’s holdings in Telefonica Brasil were worth $1,051,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of Telefonica Brasil by 48.6% during the 4th quarter. Advisor Group Inc. now owns 10,353 shares of the Wireless communications provider’s stock valued at $153,000 after acquiring an additional 3,387 shares during the period. Virtu Financial LLC bought a new stake in Telefonica Brasil during the 3rd quarter valued at $165,000. Creative Planning bought a new stake in shares of Telefonica Brasil in the 4th quarter worth $178,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Telefonica Brasil in the third quarter worth about $181,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Telefonica Brasil in the fourth quarter worth about $249,000. Institutional investors and hedge funds own 9.60% of the company’s stock.
Several brokerages have recently issued reports on VIV. Zacks Investment Research cut shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a report on Friday. Goldman Sachs initiated coverage on Telefonica Brasil in a research report on Tuesday. They set a “neutral” rating and a $18.00 price objective for the company. Royal Bank of Canada set a $16.00 price target on Telefonica Brasil and gave the company a “hold” rating in a report on Friday, March 23rd. Barclays raised their price target on Telefonica Brasil from $17.50 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, March 20th. Finally, Credit Suisse Group downgraded Telefonica Brasil from an “outperform” rating to a “neutral” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Telefonica Brasil currently has an average rating of “Hold” and an average price target of $17.00.
Shares of VIV opened at $15.07 on Friday. The company has a market cap of $26,005.89, a PE ratio of 17.73, a PEG ratio of 1.19 and a beta of 1.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.94. Telefonica Brasil SA has a 1 year low of $13.06 and a 1 year high of $17.33.
Telefonica Brasil (NYSE:VIV) last released its earnings results on Wednesday, February 21st. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $3.40 billion for the quarter. Telefonica Brasil had a return on equity of 6.60% and a net margin of 10.65%. equities analysts forecast that Telefonica Brasil SA will post 1.02 EPS for the current fiscal year.
The company also recently announced an annual dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 16th will be issued a $0.384 dividend. The ex-dividend date is Friday, April 13th. Telefonica Brasil’s dividend payout ratio is 101.18%.
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About Telefonica Brasil
Telefônica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers 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 and 4G, as well as mobile value-added services and wireless roaming services.
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