Telefonica Brasil SA (NYSE:VIV) Sees Significant Decrease in Short Interest

Telefonica Brasil SA (NYSE:VIV) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 5,658,600 shares, a drop of 8.0% from the July 31st total of 6,151,000 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,830,000 shares, the short-interest ratio is presently 3.1 days.

Several institutional investors and hedge funds have recently bought and sold shares of VIV. BB&T Securities LLC boosted its position in shares of Telefonica Brasil by 4.2% in the second quarter. BB&T Securities LLC now owns 21,074 shares of the Wireless communications provider’s stock worth $274,000 after buying an additional 844 shares during the period. Atlas Capital Advisors LLC boosted its stake in Telefonica Brasil by 7.0% in the second quarter. Atlas Capital Advisors LLC now owns 13,573 shares of the Wireless communications provider’s stock valued at $177,000 after acquiring an additional 893 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Telefonica Brasil by 49.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,720 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 894 shares during the last quarter. Signaturefd LLC boosted its stake in Telefonica Brasil by 8.2% in the first quarter. Signaturefd LLC now owns 12,844 shares of the Wireless communications provider’s stock valued at $155,000 after acquiring an additional 977 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Telefonica Brasil by 6.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,311 shares of the Wireless communications provider’s stock valued at $211,000 after acquiring an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 9.22% of the company’s stock.

VIV stock traded down $0.39 during mid-day trading on Friday, reaching $12.72. 1,963,701 shares of the stock traded hands, compared to its average volume of 1,654,594. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.00 and a current ratio of 1.02. Telefonica Brasil has a one year low of $9.21 and a one year high of $14.47. The stock has a market capitalization of $21.65 billion, a PE ratio of 9.15, a PEG ratio of 1.53 and a beta of 0.71. The business has a 50-day moving average price of $13.19 and a two-hundred day moving average price of $12.62.



Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, July 30th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Telefonica Brasil had a net margin of 16.91% and a return on equity of 10.26%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.84 billion. On average, equities analysts expect that Telefonica Brasil will post 0.84 earnings per share for the current fiscal year.

VIV has been the topic of a number of recent research reports. Standpoint Research cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Barclays lowered shares of Telefonica Brasil from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $15.00 to $14.00 in a research note on Thursday, August 1st. Itau BBA Securities downgraded shares of Telefonica Brasil from an “outperform” rating to a “market perform” rating in a report on Friday, June 14th. ValuEngine downgraded shares of Telefonica Brasil from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research downgraded shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating and set a $13.00 price objective on the stock. in a report on Friday, June 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

About Telefonica Brasil

Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.

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