Crossmark Global Holdings Inc. Decreases Stake in Telefônica Brasil S.A. (NYSE:VIV)

Crossmark Global Holdings Inc. lowered its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 58.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,726 shares of the Wireless communications provider’s stock after selling 43,977 shares during the period. Crossmark Global Holdings Inc.’s holdings in Telefônica Brasil were worth $325,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its position in Telefônica Brasil by 30.2% during the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock valued at $134,000 after purchasing an additional 3,039 shares during the period. Ballentine Partners LLC grew its position in Telefônica Brasil by 75.3% during the third quarter. Ballentine Partners LLC now owns 35,518 shares of the Wireless communications provider’s stock valued at $365,000 after buying an additional 15,260 shares during the period. Blue Trust Inc. increased its stake in shares of Telefônica Brasil by 87.5% in the 3rd quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after purchasing an additional 2,812 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Telefônica Brasil by 5.9% during the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock valued at $201,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Creative Planning grew its holdings in Telefônica Brasil by 23.2% during the third quarter. Creative Planning now owns 78,323 shares of the Wireless communications provider’s stock valued at $804,000 after purchasing an additional 14,724 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

Telefônica Brasil Stock Up 1.2 %

Shares of VIV opened at $9.04 on Monday. The business’s 50 day moving average is $9.60 and its 200 day moving average is $9.12. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil S.A. has a 12-month low of $8.02 and a 12-month high of $11.43. The company has a market capitalization of $15.04 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.89 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last released its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. 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.