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 up 1.3%. By the end of trading, Telefonica Brasil S.A fell $1.01 (-5.3%) to $18.11 on average volume. Throughout the day, 1,594,585 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1,922,100 shares. The stock ranged in price between $18.11-$18.70 after having opened the day at $18.60 as compared to the previous trading day's close of $19.12. Other companies within the Technology sector that declined today were: Semiconductor Manufacturing International C ( SMI), down 19.2%, Cray ( CRAY), down 13.6%, TigerLogic Corporation ( TIGR), down 10.3% and LiveDeal ( LIVE), down 10.0%.

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 $21.5 billion and is part of the telecommunications industry. Shares are down 0.5% 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, NCI ( NCIT), up 25.6%, ChinaNet Online Holdings ( CNET), up 25.0%, Vasco Data Security International ( VDSI), up 24.4% and eOn Communications Corporation ( EONC), up 17.6% , were all gainers within the technology sector with SolarCity ( SCTY) 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.

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