Telefônica Brasil (NYSE:VIV) Sets New 12-Month Low – Should You Sell?

Telefônica Brasil S.A. (NYSE:VIV) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.01 and last traded at $8.02, with a volume of 543525 shares traded. The stock had previously closed at $8.15.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VIV. Scotiabank boosted their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Barclays lifted their target price on Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Finally, New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.07.

Telefônica Brasil Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a market cap of $13.33 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. The business has a 50-day moving average of $9.04 and a two-hundred day moving average of $9.05.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telefônica Brasil

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 3,104 shares during the last quarter. Aprio Wealth Management LLC bought a new position in shares of Telefônica Brasil during the third quarter worth about $134,000. QRG Capital Management Inc. lifted its stake in shares of Telefônica Brasil by 30.2% in the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after acquiring an additional 3,039 shares during the period. First Affirmative Financial Network bought a new stake in Telefônica Brasil in the third quarter valued at approximately $160,000. Finally, Squarepoint Ops LLC acquired a new stake in Telefônica Brasil during the 2nd quarter valued at approximately $165,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

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.