Carrera Capital Advisors Invests $156,000 in Telefonica Brasil S.A. $VIV

Carrera Capital Advisors bought a new stake in shares of Telefonica Brasil S.A. (NYSE:VIV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,650 shares of the Wireless communications provider’s stock, valued at approximately $156,000.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Telefonica Brasil by 39.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 1,067 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Telefonica Brasil by 8.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,383 shares of the Wireless communications provider’s stock valued at $244,000 after acquiring an additional 1,623 shares during the period. Bessemer Group Inc. boosted its stake in Telefonica Brasil by 8.8% during the first quarter. Bessemer Group Inc. now owns 28,546 shares of the Wireless communications provider’s stock worth $249,000 after acquiring an additional 2,301 shares in the last quarter. BSW Wealth Partners grew its holdings in Telefonica Brasil by 10.5% in the first quarter. BSW Wealth Partners now owns 24,548 shares of the Wireless communications provider’s stock worth $214,000 after purchasing an additional 2,336 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in Telefonica Brasil by 7.7% in the first quarter. Kathmere Capital Management LLC now owns 35,852 shares of the Wireless communications provider’s stock valued at $313,000 after purchasing an additional 2,576 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors.

Telefonica Brasil Stock Performance

Shares of Telefonica Brasil stock opened at $12.73 on Friday. The company has a market cap of $20.70 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. Telefonica Brasil S.A. has a 52 week low of $7.47 and a 52 week high of $12.92. The business has a 50 day moving average price of $12.38 and a 200-day moving average price of $11.51.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Equities analysts anticipate that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VIV has been the subject of several research reports. The Goldman Sachs Group raised their target price on Telefonica Brasil from $11.40 to $12.60 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Morgan Stanley set a $12.00 price objective on Telefonica Brasil in a report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Telefonica Brasil from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Telefonica Brasil presently has a consensus rating of “Hold” and an average target price of $12.53.

Telefonica 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.