Deltec Asset Management LLC lessened its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 69.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,750 shares of the Wireless communications provider’s stock after selling 45,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Telefonica Brasil were worth $313,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in Telefonica Brasil by 178.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,641 shares of the Wireless communications provider’s stock valued at $103,000 after purchasing an additional 4,893 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Telefonica Brasil in the 2nd quarter valued at about $175,000. Bayesian Capital Management LP acquired a new position in shares of Telefonica Brasil in the 2nd quarter valued at about $201,000. Tower Research Capital LLC TRC lifted its holdings in shares of Telefonica Brasil by 2,828.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,960 shares of the Wireless communications provider’s stock valued at $215,000 after buying an additional 15,415 shares during the period. Finally, Well Done LLC acquired a new position in shares of Telefonica Brasil in the 3rd quarter valued at about $255,000. Institutional investors and hedge funds own 10.03% of the company’s stock.
Several brokerages have recently issued reports on VIV. Royal Bank Of Canada reissued a “hold” rating and issued a $15.60 price objective on shares of Telefonica Brasil in a report on Thursday. Barclays PLC upped their price target on Telefonica Brasil from $17.00 to $17.50 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research raised Telefonica Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price target on shares of Telefonica Brasil in a report on Monday, August 14th. Finally, BidaskClub raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $16.03.
Telefonica Brasil Profile
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.
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