Telefônica Brasil (NYSE:VIV) Reaches New 12-Month Low – Here’s Why

Telefônica Brasil S.A. (NYSE:VIV)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $7.47 and last traded at $7.48, with a volume of 59941 shares. The stock had previously closed at $7.55.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VIV. New Street Research cut Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group decreased their price objective on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Scotiabank upped their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Barclays boosted their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. Finally, StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Telefônica Brasil currently has an average rating of “Moderate Buy” and an average target price of $10.60.

Telefônica Brasil Stock Down 2.0 %

The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. 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’s fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $8.98.

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

Institutional Trading of Telefônica Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIV. GAMMA Investing LLC increased its stake in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,543 shares during the period. Blue Trust Inc. lifted its holdings in Telefônica Brasil by 87.5% during the 3rd quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after buying an additional 2,812 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in Telefônica Brasil in the 3rd quarter valued at approximately $134,000. QRG Capital Management Inc. grew 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 in the last quarter. Finally, First Affirmative Financial Network acquired a new stake in shares of Telefônica Brasil in the third quarter valued at $160,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

About Telefônica Brasil

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.