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

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

Telefônica 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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