US Bancorp DE Sells 22,381 Shares of Telefônica Brasil S.A. (NYSE:VIV)

US Bancorp DE trimmed its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 55.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,135 shares of the Wireless communications provider’s stock after selling 22,381 shares during the quarter. US Bancorp DE’s holdings in Telefônica Brasil were worth $186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its holdings in shares of Telefônica Brasil by 14.3% in 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 during the period. Renaissance Technologies LLC increased its stake in Telefônica Brasil by 12.1% in the second quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider’s stock worth $15,014,000 after purchasing an additional 197,500 shares during the period. Vanguard Group Inc. lifted its position in shares of Telefônica Brasil by 6.3% during the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock worth $12,311,000 after purchasing an additional 72,388 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Telefônica Brasil by 12.9% during the second quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock valued at $5,830,000 after purchasing an additional 81,229 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Telefônica Brasil by 96.8% in the second quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock worth $4,466,000 after purchasing an additional 267,652 shares during the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday. Scotiabank lifted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Finally, Barclays increased their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and an average target price of $10.97.

Telefônica Brasil Stock Down 0.7 %

Shares of Telefônica Brasil stock opened at $8.94 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.90 and a beta of 0.81. The firm’s 50-day moving average is $9.64 and its two-hundred day moving average is $9.13. Telefônica Brasil S.A. has a 1 year low of $8.02 and a 1 year high of $11.43.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period last year, the company posted $0.18 earnings per share. As a group, research analysts expect that Telefônica Brasil S.A. will post 0.61 earnings per share for the current fiscal year.

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.