Telefonica Brasil (NYSE:VIV) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of Telefonica Brasil S.A. (NYSE:VIV) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Telefonica Brasil in a research note on Friday, October 2nd. Morgan Stanley set a $14.00 target price on Telefonica Brasil in a report on Thursday, August 20th. Finally, Bank of America upgraded shares of Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $14.26.

Telefonica Brasil Price Performance

The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 0.70 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.89. The business’s 50-day moving average price is $11.92 and its two-hundred day moving average price is $13.67.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, November 10th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $3.09 billion for 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 10.66%. On average, research analysts forecast that Telefonica Brasil S.A. will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefonica Brasil

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. raised its position in shares of Telefonica Brasil by 31.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,252 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 779 shares during the period. Allworth Financial LP lifted its holdings in Telefonica Brasil by 74.6% in the second quarter. Allworth Financial LP now owns 4,547 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 1,943 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Telefonica Brasil by 51.9% in the third quarter. Global Retirement Partners LLC now owns 4,971 shares of the Wireless communications provider’s stock valued at $57,000 after acquiring an additional 1,699 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Telefonica Brasil during the 3rd quarter valued at $64,000. Finally, Russell Investments Group Ltd. grew its holdings in Telefonica Brasil by 13,946.9% during the third quarter. Russell Investments Group Ltd. now owns 6,883 shares of the Wireless communications provider’s stock worth $79,000 after acquiring an additional 6,834 shares during the period. Institutional investors 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.