Tower Research Capital LLC TRC Cuts Stock Position in Telefônica Brasil S.A. (NYSE:VIV)

Tower Research Capital LLC TRC lessened its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 70.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,137 shares of the Wireless communications provider’s stock after selling 9,881 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Telefônica Brasil were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Dorsey Wright & Associates purchased a new stake in shares of Telefônica Brasil during the fourth quarter worth approximately $2,202,000. SPX Gestao de Recursos Ltda raised its stake in shares of Telefônica Brasil by 138.4% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 71,852 shares of the Wireless communications provider’s stock worth $786,000 after purchasing an additional 41,712 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in Telefônica Brasil in the fourth quarter worth $6,208,000. Capstone Investment Advisors LLC purchased a new position in Telefônica Brasil in the fourth quarter worth $1,553,000. Finally, Team Hewins LLC purchased a new position in Telefônica Brasil in the fourth quarter worth $339,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Price Performance

Telefônica Brasil stock traded up $0.33 during trading hours on Thursday, hitting $9.65. The stock had a trading volume of 852,686 shares, compared to its average volume of 846,570. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.71 and a beta of 0.77. Telefônica Brasil S.A. has a 1-year low of $7.87 and a 1-year high of $11.43. The stock’s fifty day moving average is $10.12 and its two-hundred day moving average is $10.25.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The company had revenue of $2.73 billion for the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. As a group, analysts predict that Telefônica Brasil S.A. will post 0.7 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, January 1st were paid a dividend of $0.0373 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, April 30th. Telefônica Brasil’s payout ratio is currently 48.39%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays cut their price objective on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 23rd. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $11.00 price objective on shares of Telefônica Brasil in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.60.

Telefônica Brasil 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.