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Has Telefonica Brasil (VIV) Outpaced Other Utilities Stocks This Year?

Zacks Equity Research

Investors focused on the Utilities space have likely heard of Telefonica Brasil (VIV), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Telefonica Brasil is a member of our Utilities group, which includes 120 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. VIV is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for VIV's full-year earnings has moved 3.43% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, VIV has moved about 6.62% on a year-to-date basis. Meanwhile, stocks in the Utilities group have gained about 6.12% on average. This means that Telefonica Brasil is outperforming the sector as a whole this year.

Breaking things down more, VIV is a member of the Diversified Communication Services industry, which includes 16 individual companies and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 2.12% so far this year, so VIV is performing better this group in terms of year-to-date returns.

Investors with an interest in Utilities stocks should continue to track VIV. The stock will be looking to continue its solid performance.

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