Telefonica Brasil (VIV) Hits New 12-Month Low at $10.30

Telefonica Brasil SA (NYSE:VIV) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.30 and last traded at $10.43, with a volume of 50470 shares traded. The stock had previously closed at $10.57.

A number of brokerages have issued reports on VIV. Scotiabank set a $14.00 target price on shares of Telefonica Brasil and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.50 price target on shares of Telefonica Brasil in a report on Tuesday, July 31st. JPMorgan Chase & Co. downgraded shares of Telefonica Brasil from a “neutral” rating to an “underweight” rating in a report on Monday, July 30th. Barclays cut their price target on shares of Telefonica Brasil from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, July 11th. Finally, TheStreet downgraded shares of Telefonica Brasil from a “b-” rating to a “c” rating in a report on Monday, July 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.50.

The company has a market cap of $17.75 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.14 and a beta of 1.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.88 and a current ratio of 0.90.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings data on Thursday, July 26th. The Wireless communications provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). Telefonica Brasil had a net margin of 15.70% and a return on equity of 9.70%. equities analysts anticipate that Telefonica Brasil SA will post 0.94 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of Telefonica Brasil by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 49,647 shares of the Wireless communications provider’s stock worth $589,000 after buying an additional 4,701 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Telefonica Brasil by 7.1% during the second quarter. Canada Pension Plan Investment Board now owns 75,010 shares of the Wireless communications provider’s stock worth $890,000 after buying an additional 5,000 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Telefonica Brasil by 7.8% during the second quarter. Daiwa Securities Group Inc. now owns 93,010 shares of the Wireless communications provider’s stock worth $1,104,000 after buying an additional 6,700 shares during the period. Icon Wealth Partners LLC increased its position in shares of Telefonica Brasil by 225.6% during the first quarter. Icon Wealth Partners LLC now owns 9,887 shares of the Wireless communications provider’s stock worth $152,000 after buying an additional 6,850 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Telefonica Brasil by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 65,521 shares of the Wireless communications provider’s stock worth $778,000 after buying an additional 7,258 shares during the period. Hedge funds and other institutional investors own 9.54% of the company’s stock.

Telefonica Brasil Company Profile (NYSE:VIV)

Telefônica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers 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 and 4G, as well as mobile value-added services and wireless roaming services.

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