Telefonica Brasil, S.A. ADS (NYSE:VIV) Traded Higher Than Its 50 Day Average


Shares are trading at $16.69 which is marginally over the 50 day moving average of $15.51 and impressively higher than the 200 day moving average of $14.70. The 50 day moving average went up by +7.61% and the 200 day average went up $1.99 or +13.55%. (NYSE:VIV) shares saw light trading volume with 968K shares changing hands on Wednesday. Overall, volume was down 60.41% under the stocks normal daily volume.

Investors are more bearish on shares of the company if you consider the increase in short interest. The company recorded a rise in short interest of 0.98% as of August 31, 2017 from the last reporting period. Short shares increased 37,771 over that period. Days to cover increased 1.0 to 4.0 and the short interest percentage is 0.00% as of August 31.

These funds have shifted positions in (VIV). Baring Asset Management Ltd reduced its investment by selling 50,100 shares a decrease of 11.4% in the quarter. Baring Asset Management Ltd currently owns 387,600 shares worth $5,229,000. The total value of its holdings decreased 19.6%. As of quarter end Baird Financial Group, Inc. had disposed of 40,155 shares trimming its holdings by 13.4%. The value of the investment in Telefonica Brasil, S.A. ADS decreased from $4,438,000 to $3,490,000 a change of $948,000 quarter over quarter.

As of the end of the quarter Jane Street Group, LLC had bought a total of 178,459 shares growing its stake by 340.3%. The value of the total investment in Telefonica Brasil, S.A. ADS went from $779,000 to $3,115,000 increasing 299.9% for the reporting period. Ubs Group Ag grew its stake by buying 15,382 shares an increase of 197.2% from 03/31/2017 to 06/30/2017. Ubs Group Ag controls 23,182 shares with a value of $313,000. The value of the position overall is up by 169.8%.

The P/E ratio is 22.14 and the market cap is 28.18B. As of the last earnings report the EPS was $0.75 and is estimated to be $0.90 for the current year with 1,688,694,000 shares presently outstanding. Next quarter’s EPS is expected be $0.25 with next year’s EPS anticipated to be $1.07.

Telefonica Brasil S.A., launched on May 22, 1998, is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB) (based on its Fiber to the Home (FTTH) and Fiber to the Curb (FTTC) infrastructure), Pay television, information technology and digital services (such as entertainment, cloud and financial services). The Business’s operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH) (a satellite technology), Internet protocol television (IPTV) and cable; network services, including rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories. In addition, it sells handsets and accessories at its physical stores, to customers purchasing its digital services. It sells Global System for Mobile Communications (GSM) and Wideband Code Division Multiple Access (WCDMA) devices, such as handsets, smartphones, broadband universal serial bus (USB) modems and devices that are certified to be compatible with the Business’s network and service..