Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 500,000 Telefônica Brasil S.A. (NYSE:VIV)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Telefônica Brasil S.A. (NYSE:VIV) during the third quarter, Holdings Channel reports. The institutional investor bought 500,000 shares of the Wireless communications provider’s stock, valued at approximately $5,135,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 3,104 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new stake in Telefônica Brasil during the second quarter valued at about $85,000. QRG Capital Management Inc. acquired a new stake in shares of Telefônica Brasil in the second quarter valued at about $83,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Telefônica Brasil in the first quarter worth about $123,000. Finally, Aprio Wealth Management LLC acquired a new position in shares of Telefônica Brasil during the 3rd quarter worth about $134,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Performance

Shares of NYSE VIV opened at $8.21 on Friday. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.83 and a beta of 0.81. Telefônica Brasil S.A. has a one year low of $8.01 and a one year high of $11.43. The business has a fifty day simple moving average of $9.38 and a 200 day simple moving average of $9.08. 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 (NYSE:VIV) last released its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm earned $0.18 EPS. Sell-side analysts expect that Telefônica Brasil S.A. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on VIV. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 25th. Scotiabank upped their target price 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 raised their price target 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.07.

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.