Telefônica Brasil S.A. (NYSE:VIV) Short Interest Update

Telefônica Brasil S.A. (NYSE:VIV) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,230,000 shares, an increase of 34.3% from the January 31st total of 1,660,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 940,600 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VIV. The Goldman Sachs Group decreased their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Scotiabank lowered their price target on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Barclays upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $11.80 to $11.50 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus target price of $9.97.

Institutional Investors Weigh In On Telefônica Brasil

A number of hedge funds have recently added to or reduced their stakes in VIV. GAMMA Investing LLC grew its position in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,543 shares during the last quarter. Allworth Financial LP grew its holdings in Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 1,933 shares in the last quarter. R Squared Ltd acquired a new stake in Telefônica Brasil in the 4th quarter valued at approximately $37,000. Parvin Asset Management LLC bought a new stake in Telefônica Brasil during the 4th quarter valued at $51,000. Finally, GeoWealth Management LLC boosted its position in Telefônica Brasil by 1,429.4% during the 4th quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 7,976 shares during the period. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Stock Up 1.7 %

Shares of NYSE:VIV opened at $8.31 on Tuesday. The company’s fifty day moving average is $8.41 and its two-hundred day moving average is $8.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil has a 1-year low of $7.47 and a 1-year high of $10.82. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.84 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Equities analysts anticipate that Telefônica Brasil will post 0.6 EPS for the current year.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.