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

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VIV shares. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Thursday. Scotiabank raised their target price on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Barclays increased their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.07.

Telefônica Brasil Stock Down 1.7 %

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 stock’s 50-day moving average price is $9.04 and its 200-day moving average price is $9.05. The company has a market cap of $13.33 billion, a P/E ratio of 12.94, a PEG ratio of 0.78 and a beta of 0.78.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) 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 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 earned $0.18 earnings per share. As a group, research analysts forecast that Telefônica Brasil S.A. will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Telefônica Brasil

Several hedge funds and other institutional investors have recently made changes to their positions in VIV. Blue Trust Inc. boosted its stake 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 valued at $26,000 after purchasing an additional 3,104 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in shares of Telefônica Brasil during the third quarter valued at approximately $134,000. QRG Capital Management Inc. grew its holdings in Telefônica Brasil by 30.2% during the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock worth $134,000 after buying an additional 3,039 shares in the last quarter. First Affirmative Financial Network purchased a new stake in Telefônica Brasil in the 3rd quarter valued at $160,000. Finally, Atomi Financial Group Inc. boosted its holdings in Telefônica Brasil by 30.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 18,873 shares of the Wireless communications provider’s stock worth $194,000 after acquiring an additional 4,421 shares during the last quarter. 5.16% of the stock is owned by 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.