Robeco Institutional Asset Manage recently announced the acquisition of new stake in Telefonica Brasil S.A., ADR (NYSE:VIV). The institutional investor has increased its shareholding in the Communication Services company by 3.47% to 13.99 million shares with purchase of 0.47 million shares. This fresh investment now brings its stake to 0.84% valued currently at $124.67 million. In addition, Aperio Group LLC raised its holdings by 0.18 million to 3.41 million shares. And Macquarie Investment Management B has lifted its position by 1.60% or 48321.0 shares – to 3.07 million shares.
With over 3.86 million Telefonica Brasil S.A., ADR (VIV) shares trading Tuesday and a closing price of $10.62 on the day, the dollar volume was approximately $40.95 million. The shares have shown a positive half year performance of 33.32% and its price on 11/28/23 lost nearly -0.09%. Currently, there are 1.66B common shares owned by the public and among those 1.66B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for VIV have a consensus price objective of $10.59. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $8.33. The average price target is -0.28% below its recent price level and a downside to the estimated low will see the stock lose -27.49% over that period. But an upside of 11.5% will see the stock hit the forecast high price target while median target price for the stock is $11.00.
The top 3 mutual fund holders in Telefonica Brasil S.A., ADR are Robeco Capital Gr. Fds. – QI Emer, Murray International Trust Plc, and Delaware Emerging Markets Fund. Robeco Capital Gr. Fds. – QI Emer owns 3.82 million shares of the company’s stock, all valued at over $34.06 million. Delaware Emerging Markets Fund now owns shares totaling to 0.12% of the shares outstanding.
Shares of Telefonica Brasil S.A., ADR (NYSE: VIV) opened at $10.67, up $0.04 from a prior closing price of $10.63. However, the script later moved the day high at 10.76, down -0.09%. The company’s stock has a 5-day price change of 3.41% and 21.58% over the past three months. VIV shares are trading 54.23% year to date (YTD), with the 12-month market performance up to 51.89% higher. It has a 12-month low price of $6.33 and touched a high of $10.76 over the same period. VIV has an average intraday trading volume of 1.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.13%, 13.66%, and 25.82% respectively.
Institutional ownership of Telefonica Brasil S.A., ADR (NYSE: VIV) shares accounts for 5.45% of the company’s 1.66B shares outstanding. Mutual fund holders own 1.63%, while other institutional holders and individual stakeholders account for 3.81% and — respectively.
It has a market capitalization of $17.59B and a beta (3y monthly) value of 0.73. The stock’s trailing 12-month PE ratio is 19.53, while the earnings-per-share (ttm) stands at $0.54. The company has a PEG of 0.81 and a Quick Ratio of 0.88 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.41% over the week and 1.60% over the month.
Analysts forecast that Telefonica Brasil S.A., ADR (VIV) will achieve an EPS of $0.15 for the current quarter, $0.14 for the next quarter and $0.64 for 2024. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.16. Comparatively, EPS for the current quarter was $0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 17.86%, and 24.25% over the next financial year. EPS should grow at an annualized rate of 24.20% over the next five years, compared to -11.15% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Telefonica Brasil S.A., ADR (VIV) as a “Strong Buy” at a consensus score of 1.87. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 4 of the 15 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the VIV, a number of firms have released research notes about the stock. Itau BBA stated their Outperform rating for the stock in a research note on September 29, 2023, with the firm’s price target at $11.
