Telefônica Brasil S.A. (NYSE:VIV) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 5,680,000 shares, a decline of 24.4% from the March 31st total of 7,510,000 shares. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is currently 3.6 days.
Telefônica Brasil stock remained flat at $$7.92 during midday trading on Tuesday. 716,339 shares of the company traded hands, compared to its average volume of 1,525,787. Telefônica Brasil has a 1-year low of $7.46 and a 1-year high of $9.43. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $8.02 and its 200-day simple moving average is $8.29. The company has a market capitalization of $13.37 billion and a PE ratio of 14.14.
Telefônica Brasil (NYSE:VIV) last announced its earnings results on Thursday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter. The firm had revenue of $2.07 billion for the quarter. Telefônica Brasil had a return on equity of 6.70% and a net margin of 10.97%.
The firm also recently disclosed a — dividend, which will be paid on Tuesday, October 12th. Shareholders of record on Monday, April 19th will be given a $0.1707 dividend. The ex-dividend date is Friday, April 16th. This represents a yield of 8.7%. This is a boost from Telefônica Brasil’s previous — dividend of $0.14. Telefônica Brasil’s payout ratio is currently 57.97%.
Several institutional investors have recently made changes to their positions in VIV. Envestnet Asset Management Inc. raised its stake in shares of Telefônica Brasil by 23.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 149,856 shares of the Wireless communications provider’s stock worth $1,179,000 after purchasing an additional 28,619 shares during the period. Avestar Capital LLC purchased a new stake in Telefônica Brasil during the first quarter worth about $395,000. Signaturefd LLC raised its position in Telefônica Brasil by 23.8% in the first quarter. Signaturefd LLC now owns 7,455 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 1,431 shares during the period. CWM Advisors LLC boosted its stake in Telefônica Brasil by 77.9% in the first quarter. CWM Advisors LLC now owns 76,806 shares of the Wireless communications provider’s stock valued at $604,000 after acquiring an additional 33,633 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Telefônica Brasil by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 635,046 shares of the Wireless communications provider’s stock valued at $4,998,000 after acquiring an additional 5,500 shares during the period. 7.87% of the stock is owned by hedge funds and other institutional investors.
Separately, UBS Group began coverage on Telefônica Brasil in a research note on Tuesday, January 26th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Telefônica Brasil currently has a consensus rating of “Buy” and an average price target of $10.33.
Telefônica Brasil Company Profile
TelefÃ´nica Brasil SA, together with its subsidiaries, 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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