Telefônica Brasil (NYSE:VIV) Sets New 1-Year Low - Time to Sell?

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $7.47 and last traded at $7.48, with a volume of 59941 shares changing hands. The stock had previously closed at $7.55.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VIV. New Street Research cut shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Scotiabank increased their price target on 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 objective on Telefônica Brasil from $11.50 to $11.80 and gave the company an "equal weight" rating in a report on Monday, November 25th. The Goldman Sachs Group cut their target price on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.60.

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 capitalization of $12.73 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. The business has a 50-day moving average of $8.54 and a 200 day moving average of $8.98.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, research analysts anticipate that Telefônica Brasil S.A. will post 0.63 EPS for the current fiscal year.

Institutional Trading of Telefônica Brasil

Institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in Telefônica Brasil during the third quarter worth about $5,967,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Telefônica Brasil during the 3rd quarter worth approximately $5,135,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Telefônica Brasil by 49.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider's stock worth $12,034,000 after purchasing an additional 385,207 shares during the period. Brandes Investment Partners LP lifted its stake in Telefônica Brasil by 14.3% in the second quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider's stock valued at $18,261,000 after purchasing an additional 275,569 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Telefônica Brasil by 96.8% during the second quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider's stock valued at $4,466,000 after purchasing an additional 267,652 shares during the period. 5.16% of the stock is owned by hedge funds and other institutional investors.

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.