U.S. Markets closed

Telefonica Brasil (VIV) Crumbles: Stock Falls by 7.3%

Zacks Equity Research

Telefonica Brasil, S.A. (VIV) saw a big move last session, as the company’s shares fell by more than 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $19.53 to $20.72  in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

VIV currently has a Zacks Rank #4 Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the Wireless Communications Industry include Chunghwa Telecom Co., Ltd. (CHT), Cincinnati Bell Inc. (CBB) and Mandalay Digital Group, Inc. (MNDL). All these stocks holds a Zacks Rank #2 (Buy).   

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

TELEFONICA BRASIL SA (VIV): Free Stock Analysis Report

CHUNGHWA TELECOM CO LTD (CHT): Free Stock Analysis Report

CINCINNATI BELL INC NEW (CBB): Free Stock Analysis Report


Zacks Investment Research