Will Telefonica Brasil SA (ADR) (VIV) Run Out of Steam Soon?

September 17, 2017 - By Vivian Park

The stock of Telefonica Brasil SA (ADR) (NYSE:VIV) hit a new 52-week high and has $17.36 target or 5.00 % above today’s $16.53 share price. The 5 months bullish chart indicates low risk for the $26.78 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $17.36 price target is reached, the company will be worth $1.34B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.35% or $0.22 on September 15, reaching $16.53. About 1.22M shares traded or 12.96% up from the average. Telefonica Brasil SA (ADR) (NYSE:VIV) has risen 26.21% since September 17, 2016 and is uptrending. It has outperformed by 9.51% the S&P500.

Analysts expect Telefonica Brasil SA (ADR) (NYSE:VIV) to report $0.22 EPS on October, 26.They anticipate $0.05 EPS change or 29.41 % from last quarter’s $0.17 EPS. VIV’s profit would be $356.42 million giving it 18.78 P/E if the $0.22 EPS is correct. After having $0.16 EPS previously, Telefonica Brasil SA (ADR)’s analysts see 37.50 % EPS growth.

Telefonica Brasil SA (ADR) (NYSE:VIV) Ratings Coverage

Among 4 analysts covering Telefonica Brasil S.A (NYSE:VIV), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Telefonica Brasil S.A had 7 analyst reports since August 31, 2015 according to SRatingsIntel. Barclays Capital maintained Telefonica Brasil SA (ADR) (NYSE:VIV) rating on Tuesday, October 6. Barclays Capital has “Overweight” rating and $13 target. As per Wednesday, July 6, the company rating was downgraded by Morgan Stanley. The firm has “Overweight” rating given on Monday, August 31 by Morgan Stanley. The stock has “Hold” rating by RBC Capital Markets on Friday, July 28.

More important recent Telefonica Brasil SA (ADR) (NYSE:VIV) news were published by: Quotes.Wsj.com which released: “Telefonica Brasil SA ADR” on February 11, 2011, also Nasdaq.com published article titled: “Telefonica Brasil (VIV) Q1 Earnings Lag, Revenues Grow Y/Y”, Marketwatch.com published: “16.4819” on September 01, 2009. More interesting news about Telefonica Brasil SA (ADR) (NYSE:VIV) was released by: Dividend.com and their article: “Telefonica Brasil SA (ADR)” with publication date: March 11, 2011.

Telefonica Brasil S.A. is a mobile telecommunications firm in Brazil offering postpaid mobile services. The company has market cap of $26.78 billion. The Firm also operates as a fixed telecommunications firm in the state of Sao Paulo. It has a 21.49 P/E ratio. The Firm markets its mobile services under its Vivo brand.

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