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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 down 1.2%. By the end of trading, Telefonica Brasil S.A fell $0.49 (-2.5%) to $19.01 on heavy volume. Throughout the day, 6,758,309 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1,495,900 shares. The stock ranged in price between $18.93-$19.48 after having opened the day at $19.33 as compared to the previous trading day's close of $19.50. Other companies within the Technology sector that declined today were: Actions Semiconductor ( ACTS), down 16.6%, ChinaCache International Holdings ( CCIH), down 14.5%, Covisint ( COVS), down 14.2% and Nam Tai Electronics ( NTE), down 12.1%.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil S.A has a market cap of $22.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Telefonica Brasil S.A a buy, no analysts rate it a sell, and 3 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 largely solid financial position with reasonable debt levels by most measures, 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, deteriorating net income and disappointing return on equity.

On the positive front, Alvarion ( ALVR), up 100.0%, InfoSonics Corporation ( IFON), up 41.8%, Shanda Games ( GAME), up 15.0% and LiveDeal ( LIVE), up 11.1% , were all gainers within the technology sector with Trina Solar ( TSL) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices