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Shares of Telefonica Brasil SA (NYSE:VIV) were the target of a significant decline in short interest in June. As of June 13th, there was short interest totalling 5,254,527 shares, a decline of 35.1% from the May 30th total of 8,091,282 shares, reports. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,894,776 shares, the days-to-cover ratio is presently 2.8 days.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Telefonica Brasil SA in a research note on Wednesday, July 2nd. They now have a $21.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Telefonica Brasil SA to an “equal weight” rating in a research note on Wednesday, May 21st. Finally, analysts at TheStreet downgraded shares of Telefonica Brasil SA from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.75.

Telefonica Brasil SA (NYSE:VIV) opened at 20.00 on Tuesday. Telefonica Brasil SA has a 52-week low of $17.78 and a 52-week high of $23.57. The stock’s 50-day moving average is $20.35 and its 200-day moving average is $19.87. The company has a market cap of $22.465 billion and a P/E ratio of 14.05.

Telefonica Brasil SA (NYSE:VIV) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.05. Analysts expect that Telefonica Brasil SA will post $1.45 EPS for the current fiscal year.

Telefonica Brasil SA, formerly Telecomunicacoes de Sao Paulo SA – Telesp, is a Brazil-based company engaged in the telecommunications sector.

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