Telefonica Brasil S.A. (VIV) Momentum Continues

The stock of Telefonica Brasil S.A. (NYSE:VIV) has been Downgraded to Equal Weight from Overweight by Barclays in its latest research note that was published on August 01. Standpoint Research analysts have downgraded their rating of VIV stock from Buy to Hold in a separate flash note to investors on July 25. Analysts at JP Morgan issued an upgrade fromUnderweight to Neutral for the stock, in a research note that dated back to June 04.

Telefonica Brasil S.A., which has current market capitalization of above $21 Billion, published its last quarter earnings on June 30, 2019.

VIV surged by $0.29 during the normal trading session on Wednesday and reaching a high of $13.11 during the day while it closed the day at $13.09. The Telefonica stock had a low trading volume of 1.48 million shares on that day, which is low compared to the average daily volume of 1.78M shares. VIV has also lost 2.17% of its value over the past 7 days. However, the stock has surged by 3.49% in the 3 months of the year. Over the past six months meanwhile, it has gained 8.41% while it has added 13.46% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -9.54% from its 3 months high price. However, taking another look at VIV will indicate that it is trading +6.51% away from its 90-day low. Looking at the bigger picture, the Telefonica Brasil S.A. stock has dropped by -9.54% from its 52-week high while it has surged by +42.13% from its 52-week low price.

Telefonica has around 1 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $6 Trillion. The Telefonica stock is bringing in revenue of over 12 months, which is roughly 3 Trillion. Despite all that, Telefonica Brasil S.A. is seeing things declining very much as their y-o-y quarterly revenue dropped by -7.91%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 36.7%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 57.97%. Over the past 20 days, Telefonica’s Stochastic %K stood at 48.07% while its Stochastic %D was revealed to be 59.15%.