Telefonica Brasil (NYSE:VIV) Sets New 52-Week Low - Here's What Happened

Key Points

• Telefonica Brasil shares fell 16.4%, reaching a new 52-week low of $10.84 after previously closing at $12.96.
• Analyst sentiment remains cautious: the stock has an average rating of “Reduce”, with six Holds, two Sells, and one Buy, alongside an average price target of $14.66.
• The company’s latest quarterly earnings missed expectations, reporting $0.19 in EPS versus the $0.23 consensus, while revenue matched estimates at $3.04 billion.

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

Analyst Ratings Changes

VIV has been the subject of a number of recent research reports. Bank of America upgraded Telefonica Brasil from an "underperform" rating to a "neutral" rating in a research note on Tuesday, October 13th. Barclays set a $16.00 price target on Telefonica Brasil in a research report on Wednesday, July 29th. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a research report on Thursday, August 20th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Telefonica Brasil in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $14.66.

Telefonica Brasil Trading Down 16.4%

The company 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 cap of $17.62 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.73 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 0.95.

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

Institutional Investors Weigh In On Telefonica Brasil

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in shares of Telefonica Brasil by 31.5% in the third quarter. SBI Securities Co. Ltd. now owns 3,252 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 779 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Telefonica Brasil by 74.6% in the 2nd quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider's stock valued at $60,000 after acquiring an additional 1,943 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Telefonica Brasil in the first quarter valued at $121,000. EverSource Wealth Advisors LLC grew its holdings in shares of Telefonica Brasil by 61.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,840 shares of the Wireless communications provider's stock valued at $157,000 after purchasing an additional 3,736 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Telefonica Brasil by 11.5% during the 1st quarter. SG Americas Securities LLC now owns 10,347 shares of the Wireless communications provider's stock valued at $165,000 after buying an additional 1,064 shares during the period. 5.16% of the stock is currently owned by institutional investors and hedge funds.

About Telefonica Brasil

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.

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