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

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $8.01 and last traded at $8.11, with a volume of 239930 shares. The stock had previously closed at $8.66.

Analysts Set New Price Targets

Several brokerages have weighed in on VIV. Barclays increased their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an "equal weight" rating in a research report on Monday. StockNews.com downgraded Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a report on Monday. Finally, Scotiabank raised their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a "sector perform" rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and two 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 target price of $11.07.

Telefônica Brasil Trading Down 5.1 %

The company has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $9.09. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.83 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96.

Telefônica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.03. The company had revenue of $2.53 billion during 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 prior year, the business posted $0.18 earnings per share. On average, research analysts forecast that Telefônica Brasil S.A. will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider's stock valued at $26,000 after buying an additional 3,104 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Telefônica Brasil in the 2nd quarter valued at about $83,000. Arkfeld Wealth Strategies L.L.C. purchased a new position in Telefônica Brasil in the 2nd quarter worth approximately $85,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Telefônica Brasil during the 1st quarter worth approximately $123,000. Finally, Aprio Wealth Management LLC purchased a new stake in shares of Telefônica Brasil in the third quarter valued at approximately $134,000. 5.16% of the stock is owned by institutional investors and hedge funds.

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.

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