Telefônica Brasil (NYSE:VIV) Shares Gap Down – Time to Sell?

Telefônica Brasil S.A. (NYSE:VIV) shares gapped down prior to trading on Wednesday . The stock had previously closed at $9.21, but opened at $8.60. Telefônica Brasil shares last traded at $8.61, with a volume of 300,393 shares traded.

Analyst Upgrades and Downgrades

VIV has been the topic of a number of recent analyst reports. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. Barclays lifted their target price on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group cut their price target on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.47.

Telefônica Brasil Price Performance

The business’s 50-day simple moving average is $8.37 and its two-hundred day simple moving average is $8.99. The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.84 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. As a group, research analysts expect that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VIV. GAMMA Investing LLC increased its position in shares of Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 1,543 shares during the last quarter. Allworth Financial LP grew its holdings in Telefônica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,933 shares during the period. R Squared Ltd purchased a new stake in shares of Telefônica Brasil in the fourth quarter worth $37,000. Parvin Asset Management LLC bought a new position in Telefônica Brasil in the 4th quarter valued at approximately $51,000. Finally, Blue Trust Inc. grew its holdings in shares of Telefônica Brasil by 87.5% in the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after acquiring an additional 2,812 shares during the period. 5.16% of the stock is owned by institutional investors.

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.