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NEW YORK ( TheStreet) -- Telefonica Brasil S.A (NYSE: VIV) hit a new 52-week low Wednesday as it is currently trading at $24.82, below its previous 52-week low of $24.84 with 143,360 shares traded as of 9:55 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Telefonica Brasil S.A has a market cap of $28.38 billion and is part of the technology sector and telecommunications industry. Shares are down 8.1% year to date as of the close of trading on Tuesday. Telefonica Brasil, S.A. provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. The company has a P/E ratio of 6.5, below the average telecommunications industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.7.