Telefônica Brasil (NYSE:VIV) Sets New 12-Month Low – Here’s What Happened

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

Wall Street Analysts Forecast Growth

VIV has been the topic of a number of research analyst reports. Barclays lifted their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Scotiabank lifted their price target 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.07.

Telefônica Brasil Price Performance

The stock has a 50 day simple moving average of $8.93 and a two-hundred day simple moving average of $9.04. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last released 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 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 previous year, the company posted $0.18 earnings per share. On average, equities research analysts predict that Telefônica Brasil S.A. will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telefônica Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIV. Blue Trust Inc. raised its position in 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 purchasing an additional 3,104 shares during the period. Aprio Wealth Management LLC purchased a new stake in Telefônica Brasil in the third quarter valued at $134,000. QRG Capital Management Inc. raised its position in Telefônica Brasil by 30.2% in the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock valued at $134,000 after purchasing an additional 3,039 shares during the period. First Affirmative Financial Network purchased a new stake in Telefônica Brasil in the third quarter valued at $160,000. Finally, Atomi Financial Group Inc. raised its position in Telefônica Brasil by 30.6% in the third quarter. Atomi Financial Group Inc. now owns 18,873 shares of the Wireless communications provider’s stock valued at $194,000 after purchasing an additional 4,421 shares during the period. Institutional investors and hedge funds 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.