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

by · The Cerbat Gem

Telefônica Brasil S.A. (NYSE:VIV – Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,880,000 shares, a growth of 34.0% from the February 28th total of 2,150,000 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 915,800 shares, the short-interest ratio is presently 3.1 days.

Telefônica Brasil Stock Performance

Telefônica Brasil stock traded down $0.07 during trading hours on Wednesday, reaching $9.06. 738,524 shares of the stock were exchanged, compared to its average volume of 837,709. Telefônica Brasil has a 52-week low of $7.47 and a 52-week high of $10.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The firm’s 50 day moving average is $8.78 and its 200 day moving average is $8.83. The stock has a market cap of $14.97 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.84 and a beta of 0.76.

Telefônica Brasil (NYSE:VIV – Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. Analysts predict that Telefônica Brasil will post 0.6 EPS for the current fiscal year.

Telefônica Brasil Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued a $0.0215 dividend. This is an increase from Telefônica Brasil’s previous dividend of $0.02. The ex-dividend date of this dividend was Tuesday, March 25th. Telefônica Brasil’s dividend payout ratio is currently 50.82%.

Analysts Set New Price Targets

VIV has been the topic of a number of analyst reports. Barclays upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $11.80 to $11.50 in a research report on Monday, March 3rd. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group dropped their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a report on Thursday, December 19th. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, Scotiabank lowered their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and an average price target of $9.97.

Check Out Our Latest Analysis on Telefônica Brasil

Institutional Investors Weigh In On Telefônica Brasil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIV. Robeco Institutional Asset Management B.V. raised its stake in Telefônica Brasil by 7.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after acquiring an additional 1,053,218 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Telefônica Brasil by 4.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,571,650 shares of the Wireless communications provider’s stock worth $19,416,000 after buying an additional 114,266 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Telefônica Brasil by 3.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider’s stock worth $15,690,000 after buying an additional 78,200 shares in the last quarter. Barclays PLC boosted its position in shares of Telefônica Brasil by 2.6% during the 4th quarter. Barclays PLC now owns 1,275,565 shares of the Wireless communications provider’s stock valued at $9,630,000 after purchasing an additional 31,820 shares in the last quarter. Finally, Invesco Ltd. grew its position in Telefônica Brasil by 0.9% in the fourth quarter. Invesco Ltd. now owns 1,059,679 shares of the Wireless communications provider’s stock worth $8,001,000 after buying an additional 9,230 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Company Profile

(Get Free Report)

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.

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