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Telefonica Brasil S.A. (VIV): Today's Featured Technology Laggard

Telefonica Brasil S.A (VIV) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Telefonica Brasil S.A fell 41 cents (-1.7%) to $23.60 on average volume. Throughout the day, 2.6 million shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in price between $23.59-$24.08 after having opened the day at $24.04 as compared to the previous trading day's close of $24.01. Other company's within the Technology sector that declined today were: Mitek Systems (MITK), down 19.5%, Synacor (SYNC), down 13.2%, Sypris Solutions (SYPR), down 12.7%, and SatCon Technology Corporation (SATC), down 12.6%.

Telefonica Brasil, S.A. provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. Telefonica Brasil S.A has a market cap of $26.79 billion and is part of the telecommunications industry. The company has a P/E ratio of 6.5, below the average telecommunications industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 12.2% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Telefonica Brasil S.A a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Telefonica Brasil S.A as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front, Mellanox Technologies (MLNX), up 41.5%, OCZ Technology Group (OCZ), up 23%, Rovi (ROVI), up 15.9%, and Calix (CALX), up 15%, were all gainers within the technology sector with F5 Networks (FFIV) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

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