Checchi Capital Advisers LLC Purchases New Stake in Telefonica Brasil SA (NYSE:VIV)

Checchi Capital Advisers LLC purchased a new stake in Telefonica Brasil SA (NYSE:VIV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,306 shares of the Wireless communications provider’s stock, valued at approximately $136,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lenox Wealth Advisors LLC acquired a new stake in Telefonica Brasil in the 3rd quarter valued at $34,000. Usca Ria LLC bought a new position in Telefonica Brasil during the 3rd quarter valued at $46,000. Assetmark Inc. bought a new position in Telefonica Brasil during the 2nd quarter valued at $99,000. Redhawk Wealth Advisors Inc. bought a new position in Telefonica Brasil during the 2nd quarter valued at $117,000. Finally, Quantamental Technologies LLC bought a new position in Telefonica Brasil during the 2nd quarter valued at $125,000. 9.31% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. TheStreet upgraded Telefonica Brasil from a “c+” rating to a “b-” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group restated a “neutral” rating and set a $25.00 price objective on shares of Telefonica Brasil in a research note on Thursday, October 17th. UBS Group restated a “buy” rating and set a $30.00 price objective on shares of Telefonica Brasil in a research note on Friday, October 18th. Deutsche Bank restated a “buy” rating and set a $37.00 price objective on shares of Telefonica Brasil in a research note on Friday, October 18th. Finally, HSBC restated a “buy” rating and set a $28.50 price objective on shares of Telefonica Brasil in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.05.

Shares of NYSE:VIV opened at $13.31 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $13.13 and its two-hundred day simple moving average is $12.88. Telefonica Brasil SA has a 1-year low of $10.91 and a 1-year high of $14.47. The stock has a market cap of $22.12 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.69.

Telefonica Brasil Company Profile

Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.

Featured Article: What is diluted earnings per share (Diluted EPS)?

Want to see what other hedge funds are holding VIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefonica Brasil SA (NYSE:VIV).

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

Receive News & Ratings for Telefonica Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica Brasil and related companies with MarketBeat.com's FREE daily email newsletter.