Telefônica Brasil (NYSE:VIV) Reaches New 12-Month Low - What's Next?

Telefônica Brasil S.A. (NYSE:VIV - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $7.64 and last traded at $7.64, with a volume of 1236 shares trading hands. The stock had previously closed at $7.79.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VIV. StockNews.com downgraded shares of Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 12th. Barclays upped 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 note on Monday, November 25th. The Goldman Sachs Group dropped 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. New Street Research lowered Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Finally, Scotiabank lifted their price target on Telefônica Brasil from $9.20 to $10.40 and gave the company a "sector perform" rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.60.

Telefônica Brasil Stock Down 2.1 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The stock has a market capitalization of $12.69 billion, a P/E ratio of 12.11, a PEG ratio of 0.78 and a beta of 0.78. The stock's fifty day moving average is $8.69 and its two-hundred day moving average is $9.00.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings data 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 during 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 period last year, the company posted $0.18 EPS. As a group, research analysts predict that Telefônica Brasil S.A. will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brandes Investment Partners LP boosted its stake in Telefônica Brasil by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider's stock worth $18,261,000 after purchasing an additional 275,569 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Telefônica Brasil by 12.1% in the second quarter. Renaissance Technologies LLC now owns 1,828,800 shares of the Wireless communications provider's stock valued at $15,014,000 after purchasing an additional 197,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Telefônica Brasil by 49.0% in the third 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 buying an additional 385,207 shares during the period. Sei Investments Co. grew its holdings in shares of Telefônica Brasil by 12.9% during the second quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider's stock valued at $5,830,000 after buying an additional 81,229 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Telefônica Brasil during the third quarter valued at $5,967,000. 5.16% of the stock is owned by hedge funds and other institutional investors.

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.