Telefonica Brasil SA (NYSE:VIV)’s share price traded up 2.2% during mid-day trading on Thursday . The stock traded as high as $13.57 and last traded at $13.47, with a volume of 1,149,977 shares changing hands. The stock had previously closed at $13.18.

Several equities analysts have recently issued reports on the stock. Credit Suisse Group AG lowered shares of Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 25th. Zacks Investment Research upgraded shares of Telefonica Brasil SA from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, July 4th. Barclays PLC lifted their target price on shares of Telefonica Brasil SA from $11.50 to $15.00 in a report on Friday, April 1st. Morgan Stanley lowered shares of Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Telefonica Brasil SA in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.40.

The firm has a 50-day moving average price of $12.25 and a 200 day moving average price of $10.93. The stock has a market capitalization of $23.66 billion and a P/E ratio of 18.63.

Other institutional investors recently modified their holdings of the company. Boston Partners increased its position in shares of 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 in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Telefonica Brasil SA by 16.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 567,300 shares of the company’s stock worth $5,123,000 after buying an additional 82,100 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Telefonica Brasil SA by 74.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 213,460 shares of the company’s stock worth $1,928,000 after buying an additional 90,800 shares in the last quarter. First Trust Advisors LP increased its position in shares of Telefonica Brasil SA by 23.9% in the fourth quarter. First Trust Advisors LP now owns 1,054,749 shares of the company’s stock worth $9,524,000 after buying an additional 203,291 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of 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 in 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.