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

Telefônica Brasil S.A. (NYSE:VIV)’s share price reached a new 52-week low on Friday . The company traded as low as $7.64 and last traded at $7.64, with a volume of 1236 shares. The stock had previously closed at $7.79.

Analysts Set New Price Targets

VIV has been the subject of a number of analyst reports. Barclays increased their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday, November 25th. Scotiabank lifted their target price on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. StockNews.com downgraded Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group dropped their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.60.

Telefônica Brasil Stock Down 2.1 %

The company has a market cap of $12.69 billion, a PE ratio of 12.11, a P/E/G 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 company’s 50 day moving average is $8.69 and its 200 day moving average is $9.01.

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, beating analysts’ consensus estimates of $0.15 by $0.03. The firm 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 quarter in the previous year, the business earned $0.18 earnings per share. As a group, analysts predict that Telefônica Brasil S.A. will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VIV. JPMorgan Chase & Co. lifted its position in shares of Telefônica Brasil by 50.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,518 shares of the Wireless communications provider’s stock worth $652,000 after purchasing an additional 21,235 shares during the period. DGS Capital Management LLC lifted its holdings in Telefônica Brasil by 3.1% during the third quarter. DGS Capital Management LLC now owns 65,781 shares of the Wireless communications provider’s stock worth $676,000 after buying an additional 1,984 shares during the period. Franklin Resources Inc. boosted its position in Telefônica Brasil by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 47,321 shares of the Wireless communications provider’s stock valued at $450,000 after acquiring an additional 2,511 shares in the last quarter. M&T Bank Corp boosted its position in Telefônica Brasil by 10.4% during the 3rd quarter. M&T Bank Corp now owns 40,462 shares of the Wireless communications provider’s stock valued at $416,000 after acquiring an additional 3,820 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Telefônica Brasil in the 3rd quarter valued at $1,619,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

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.