Shares of Telefonica Brasil SA (NYSE:VIV) rose 2.2% during trading on Thursday . The company traded as high as $13.57 and last traded at $13.47, with a volume of 1,149,977 shares traded. The stock had previously closed at $13.18.

VIV has been the subject of a number of recent analyst reports. Barclays PLC lifted their target price on shares of Telefonica Brasil SA from $11.50 to $15.00 in a research note on Friday, April 1st. Credit Suisse Group AG cut shares of Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 25th. Zacks Investment Research upgraded shares of Telefonica Brasil SA from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, April 26th. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Telefonica Brasil SA in a research note on Tuesday, June 28th. Finally, Morgan Stanley cut shares of Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Telefonica Brasil SA presently has a consensus rating of “Hold” and an average price target of $13.40.

The company’s 50 day moving average is $12.12 and its 200 day moving average is $10.88. The firm has a market capitalization of $22.71 billion and a price-to-earnings ratio of 17.40.

Several hedge funds have recently added to or reduced their stakes in VIV. BARING ASSET MANAGEMENT Ltd purchased a new stake in Telefonica Brasil SA during the fourth quarter worth $1,122,000. NWI Management LP raised its stake in Telefonica Brasil SA by 18.4% in the fourth quarter. NWI Management LP now owns 450,000 shares of the company’s stock worth $4,063,000 after buying an additional 70,000 shares during the last quarter. Boston Partners raised its stake in Telefonica Brasil SA by 9.2% in the fourth quarter. Boston Partners now owns 237,193 shares of the company’s stock worth $2,142,000 after buying an additional 20,000 shares during the last quarter. Pzena Investment Management LLC raised its stake in Telefonica Brasil SA by 14.4% in the fourth quarter. Pzena Investment Management LLC now owns 4,484,102 shares of the company’s stock worth $40,491,000 after buying an additional 565,830 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Telefonica Brasil SA by 275.1% in the fourth quarter. Bank of Montreal Can now owns 379,567 shares of the company’s stock worth $3,427,000 after buying an additional 278,385 shares during the last quarter.

Telefonica Brasil SA is a mobile telecommunications company in Brazil. The Company is 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 infrastructure (FTTH)), Pay TV, information technology and digital services (such as e-health, cloud and financial services).

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