Commons Capital LLC Makes New Investment in Telefônica Brasil S.A. (NYSE:VIV)

Commons Capital LLC bought a new stake in Telefônica Brasil S.A. (NYSE:VIV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 73,000 shares of the Wireless communications provider’s stock, valued at approximately $551,000.

A number of other large investors also recently made changes to their positions in VIV. GAMMA Investing LLC boosted its holdings in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 1,543 shares during the period. Blue Trust Inc. boosted its stake in shares of Telefônica Brasil by 87.5% in the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock valued at $62,000 after buying an additional 2,812 shares during the period. Aprio Wealth Management LLC acquired a new stake in Telefônica Brasil during the third quarter worth approximately $134,000. QRG Capital Management Inc. increased its stake in Telefônica Brasil by 30.2% during the 3rd quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after acquiring an additional 3,039 shares during the period. Finally, First Affirmative Financial Network acquired a new position in Telefônica Brasil in the 3rd quarter valued at $160,000. Institutional investors own 5.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. The Goldman Sachs Group cut their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a report on Thursday, December 19th. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus price target of $10.47.

Telefônica Brasil Price Performance

VIV stock opened at $8.26 on Wednesday. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.75 and a beta of 0.78. 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 company has a 50 day simple moving average of $8.22 and a 200 day simple moving average of $8.96. Telefônica Brasil S.A. has a 1 year low of $7.47 and a 1 year high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $2.53 billion during 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 period in the prior year, the business earned $0.18 earnings per share. Research analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS 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.