Telefônica Brasil (NYSE:VIV) Hits New 52-Week Low – What’s Next?

Telefônica Brasil S.A. (NYSE:VIV) reached a new 52-week low during trading on Friday . The stock traded as low as $8.01 and last traded at $8.11, with a volume of 239930 shares. The stock had previously closed at $8.66.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday. Scotiabank upped their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a report on Friday, September 20th. Finally, StockNews.com cut Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.07.

Telefônica Brasil Stock Performance

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 firm’s fifty day moving average price is $9.41 and its 200 day moving average price is $9.09. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate 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 EPS. Analysts forecast that Telefônica Brasil S.A. will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefônica Brasil

Several large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Telefônica Brasil during the third quarter worth $5,967,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Telefônica Brasil during the 3rd quarter worth $5,135,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Telefônica Brasil by 49.0% during the 3rd 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 purchasing an additional 385,207 shares during the period. Brandes Investment Partners LP raised its position 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 valued at $18,261,000 after purchasing an additional 275,569 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Telefônica Brasil by 96.8% in the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock valued at $4,466,000 after buying an additional 267,652 shares during the period. 5.16% of the stock is owned by hedge funds and other 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.