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

Telefonica Brasil S.A. (NYSE:VIV) shares 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 changing hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on VIV shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Telefonica Brasil in a research note on Friday, October 2nd. Barclays set a $14.00 price target on shares of Telefonica Brasil and gave the company an “equal weight” rating in a research note on Thursday, October 29th. Bank of America upgraded shares of Telefonica Brasil from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. Finally, Morgan Stanley set a $14.00 price objective on shares of Telefonica Brasil in a research note on Thursday, August 20th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Telefonica Brasil currently has a consensus rating of “Reduce” and a consensus target price of $14.26.

Telefonica Brasil Stock Up 5.3%

The business has a fifty day moving average price of $11.92 and a two-hundred day moving average price 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. The firm 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.

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, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Telefonica Brasil had a net margin of 11.40% and a return on equity of 10.69%. On average, equities analysts expect that Telefonica Brasil S.A. will post 0.93 earnings per share for the current year.

Hedge Funds Weigh In On Telefonica Brasil

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its stake 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 worth $37,000 after buying an additional 779 shares during the last quarter. Compound Planning Inc. grew its holdings in Telefonica Brasil by 5.3% during the first quarter. Compound Planning Inc. now owns 16,750 shares of the Wireless communications provider’s stock worth $266,000 after acquiring an additional 839 shares during the period. Global Retirement Partners LLC raised its position in Telefonica Brasil by 51.9% during 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. Cibc World Market Inc. raised its position in Telefonica Brasil by 1.0% during the third quarter. Cibc World Market Inc. now owns 188,455 shares of the Wireless communications provider’s stock valued at $2,158,000 after acquiring an additional 1,891 shares in the last quarter. Finally, 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 valued at $60,000 after acquiring an additional 1,943 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

About Telefonica Brasil

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.