Telefonica Brasil (NYSE:VIV) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Telefonica Brasil S.A. (NYSE:VIV)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.92 and traded as high as $12.47. Telefonica Brasil shares last traded at $12.2750, with a volume of 1,633,390 shares trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on VIV. Bank of America upgraded shares of Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. Barclays set a $14.00 price target on shares of Telefonica Brasil and gave the company an “equal weight” rating in a research report on Thursday, October 29th. Morgan Stanley set a $14.00 price objective on shares of Telefonica Brasil in a report on Thursday, August 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Telefonica Brasil in a report on Friday, October 2nd. One investment 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 MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $14.26.

Telefonica Brasil Stock Performance

The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.68 and a beta of 0.53. The firm has a fifty day simple moving average of $11.92 and a 200 day simple moving average of $13.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, November 10th. The Wireless communications provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. Telefonica Brasil had a net margin of 11.40% and a return on equity of 10.69%. On average, analysts anticipate that Telefonica Brasil S.A. will post 0.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Opal Capital LLC acquired a new position in shares of Telefonica Brasil during the 1st quarter worth about $4,255,000. Tidal Investments LLC boosted its holdings in Telefonica Brasil by 54.5% in the 2nd quarter. Tidal Investments LLC now owns 477,011 shares of the Wireless communications provider’s stock worth $6,277,000 after buying an additional 168,185 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in Telefonica Brasil by 286.3% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 140,456 shares of the Wireless communications provider’s stock worth $1,848,000 after buying an additional 104,100 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in Telefonica Brasil during the 1st quarter worth approximately $1,277,000. Finally, Dorsey Wright & Associates increased its stake in Telefonica Brasil by 39.6% during the 1st quarter. Dorsey Wright & Associates now owns 179,712 shares of the Wireless communications provider’s stock worth $2,859,000 after buying an additional 51,010 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Company Profile

Telefônica Brasil S.A. is a Brazilian telecommunications company that provides services under the Vivo brand. It is part of the Spanish Telefónica Group and serves consumers, businesses and public-sector customers across Brazil. Its offerings include mobile voice and data, fixed-line telephone service, broadband internet—including fiber connectivity—and pay television. The company also provides connectivity and digital services for business customers. Telefônica Brasil traces its origins to the 1998 privatization of Brazil’s telecommunications sector, when Telefónica acquired Telesp, the former state-controlled telephone operator in São Paulo.