A Reversal for Telefonica Brasil S.A. Ads (NYSE:VIV) Is Not Near. The Stock Has Rise in Shorts

July 14, 2018 - By Paula Hilliard

Telefônica Brasil S.A. (NYSE:VIV) Logo

The stock of Telefonica Brasil S.A. Ads (NYSE:VIV) registered an increase of 16.38% in short interest. VIV’s total short interest was 8.22 million shares in July as published by FINRA. Its up 16.38% from 7.07 million shares, reported previously. With 1.23M shares average volume, it will take short sellers 7 days to cover their VIV’s short positions. The short interest to Telefonica Brasil S.A. Ads’s float is 1.06%.

The stock increased 0.09% or $0.01 during the last trading session, reaching $11.54. About 3.70 million shares traded or 114.45% up from the average. Telefônica Brasil S.A. (NYSE:VIV) has declined 9.82% since July 14, 2017 and is downtrending. It has underperformed by 22.39% the S&P500.

Telefônica Brasil S.A. provides mobile and fixed line telecommunications services to residential and corporate clients in Brazil. The company has market cap of $18.78 billion. The Company’s 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 and 4G, as well as mobile value-added services and wireless roaming services. It has a 15.72 P/E ratio. The firm also offers data services, including broadband and mobile data services.

Telefônica Brasil S.A. (NYSE:VIV) Ratings Coverage

Among 6 analysts covering Telefonica Brasil (NYSE:VIV), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Telefonica Brasil has $18.0 highest and $15 lowest target. $16.70’s average target is 44.71% above currents $11.54 stock price. Telefonica Brasil had 10 analyst reports since January 19, 2018 according to SRatingsIntel. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, June 13 report. The stock of Telefônica Brasil S.A. (NYSE:VIV) earned “Hold” rating by Goldman Sachs on Tuesday, April 3. The rating was maintained by Barclays Capital on Wednesday, July 11 with “Overweight”. On Thursday, April 12 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock of Telefônica Brasil S.A. (NYSE:VIV) has “Hold” rating given on Friday, March 23 by RBC Capital Markets. The stock has “Hold” rating by Credit Suisse on Friday, January 19.

Another recent and important Telefônica Brasil S.A. (NYSE:VIV) news was published by Globenewswire.com which published an article titled: “Detailed Research: Economic Perspectives on Greenbrier Companies, Telefonica Brasil SA, Nevsun Resources …” on July 02, 2018.

Telefônica Brasil S.A. (NYSE:VIV) Ratings Chart

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