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

Telefonica Brasil S.A ( VIV) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.5%. By the end of trading, Telefonica Brasil S.A rose 38 cents (1.6%) to $23.83 on average volume. Throughout the day, 1.4 million shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $23.59-$23.99 after having opened the day at $23.67 as compared to the previous trading day's close of $23.45. Other companies within the Technology sector that increased today were: Hoku ( HOKU), up 45.8%, eOn Communications Corporation ( EONC), up 15.8%, Parametric Sound ( PAMT), up 15.4%, and Identive Group ( INVE), up 14.5%.

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 $26.66 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 9.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 13.2% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Telefonica Brasil S.A a buy, one analyst rates it a sell, and none rate 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 and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself.

On the negative front, Ascent Solar Technologies ( ASTI), down 19.8%, Kingtone Wirelessinfo Solution ( KONE), down 16.1%, Ubiquiti Networks ( UBNT), down 14.3%, and Globalstar Incorporated ( GSAT), down 12.1%, were all losers within the technology sector with Cognizant Technology Solutions Corporation ( CTSH) being today's technology sector loser.

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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