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

Telefônica Brasil S.A. (NYSE:VIV) was the recipient of a large increase in short interest in 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 940,600 shares, the short-interest ratio is presently 2.4 days.

Hedge Funds Weigh In On Telefônica Brasil

Several hedge funds have recently bought and sold shares of VIV. GAMMA Investing LLC boosted its stake in shares of Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares during the last quarter. Allworth Financial LP grew its stake 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 acquiring an additional 1,933 shares during the period. R Squared Ltd acquired a new position in Telefônica Brasil in the 4th quarter valued at $37,000. Parvin Asset Management LLC acquired a new position in Telefônica Brasil in the 4th quarter valued at $51,000. Finally, GeoWealth Management LLC boosted its holdings in shares of Telefônica Brasil by 1,429.4% during the fourth quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider’s stock worth $64,000 after purchasing an additional 7,976 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Performance

Shares of VIV stock opened at $8.31 on Tuesday. Telefônica Brasil has a 1 year low of $7.47 and a 1 year high of $10.82. The stock has a market cap of $13.73 billion, a PE ratio of 13.19, a P/E/G ratio of 0.84 and a beta of 0.79. The stock has a fifty day moving average price of $8.41 and a 200 day moving average price of $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 (NYSE:VIV) last issued its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating 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%. Sell-side analysts forecast that Telefônica Brasil will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.