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

Telefonica Brasil S.A. (NYSE:VIV) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $10.84 and last traded at $10.9150, with a volume of 141,135 shares trading hands. The stock had previously closed at $12.96.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays set a $16.00 price objective on Telefonica Brasil in a research note on Wednesday, July 29th. Morgan Stanley set a $14.00 target price on shares of Telefonica Brasil in a research report on Thursday, August 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Telefonica Brasil in a research report on Friday, October 2nd. Finally, Bank of America raised shares of Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Telefonica Brasil has a consensus rating of “Reduce” and an average price target of $14.66.

Telefonica Brasil Trading Down 16.4%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 0.95. The business has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $13.24. The stock has a market capitalization of $17.62 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.73 and a beta of 0.52.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. On average, analysts predict that Telefonica Brasil S.A. will post 0.95 EPS for the current year.

Hedge Funds Weigh In On Telefonica Brasil

Several institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its stake in shares of Telefonica Brasil by 31.5% during the third quarter. SBI Securities Co. Ltd. now owns 3,252 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 779 shares during the period. Allworth Financial LP grew its stake in shares of Telefonica Brasil by 74.6% during the second quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 1,943 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Telefonica Brasil in the first quarter valued at about $121,000. EverSource Wealth Advisors LLC boosted its holdings in Telefonica Brasil by 61.2% during the first quarter. EverSource Wealth Advisors LLC now owns 9,840 shares of the Wireless communications provider’s stock worth $157,000 after buying an additional 3,736 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Telefonica Brasil by 11.5% in the 1st quarter. SG Americas Securities LLC now owns 10,347 shares of the Wireless communications provider’s stock valued at $165,000 after acquiring an additional 1,064 shares during the period. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Company Profile

Telefônica Brasil SA, operating under the Vivo brand, is one of Brazil’s major telecommunications companies. The company provides mobile voice and data services, fixed-line telecommunications, broadband internet, and other connectivity solutions to consumers, businesses, and public-sector customers.

Its offerings include mobile communication plans, 4G and 5G services, fiber-optic broadband, fixed voice services, television and digital entertainment options, and business technology solutions.