Airain ltd Invests $1.18 Million in Telefonica Brasil S.A. (NYSE:VIV)

Airain ltd acquired a new stake in Telefonica Brasil S.A. (NYSE:VIV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 87,238 shares of the Wireless communications provider’s stock, valued at approximately $1,177,000.

Several other hedge funds also recently bought and sold shares of VIV. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Telefonica Brasil by 2.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,604 shares of the Wireless communications provider’s stock worth $143,000 after purchasing an additional 200 shares during the last quarter. Comerica Bank raised its position in shares of Telefonica Brasil by 0.5% during the 1st quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock worth $963,000 after purchasing an additional 344 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Telefonica Brasil by 1.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,867 shares of the Wireless communications provider’s stock worth $1,111,000 after purchasing an additional 956 shares during the last quarter. World Asset Management Inc raised its position in shares of Telefonica Brasil by 1.5% during the 1st quarter. World Asset Management Inc now owns 69,745 shares of the Wireless communications provider’s stock worth $1,036,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Telefonica Brasil by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock worth $3,273,000 after purchasing an additional 1,212 shares during the last quarter. Institutional investors own 10.04% of the company’s stock.

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Shares of Telefonica Brasil S.A. (VIV) traded up 1.35% during mid-day trading on Friday, reaching $16.53. 1,224,228 shares of the company were exchanged. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 21.92 and a beta of 1.35. Telefonica Brasil S.A. has a 12 month low of $11.95 and a 12 month high of $16.55. The firm’s 50-day moving average is $15.42 and its 200-day moving average is $14.67.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The business had revenue of $3.33 billion during the quarter. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. On average, equities analysts forecast that Telefonica Brasil S.A. will post $0.90 earnings per share for the current fiscal year.

Several analysts have commented on VIV shares. Zacks Investment Research raised shares of Telefonica Brasil from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, May 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 target price on shares of Telefonica Brasil in a research note on Monday, August 14th. Royal Bank Of Canada set a $15.00 target price on shares of Telefonica Brasil and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, BidaskClub cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.33.

About Telefonica Brasil

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

Institutional Ownership by Quarter for Telefonica Brasil (NYSE:VIV)

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