Telefonica Brasil SA (NYSE:VIV) was down 0.8% on Tuesday . The stock traded as low as $14.02 and last traded at $14.06, with a volume of 2,048,071 shares. The stock had previously closed at $14.18.

A number of brokerages recently commented on VIV. Barclays PLC raised their price objective on shares of Telefonica Brasil SA from $11.50 to $15.00 in a research report on Friday, April 1st. Credit Suisse Group AG downgraded shares of Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a research 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 $13.00 price objective for the company in a research report on Tuesday, April 26th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Telefonica Brasil SA in a research report on Tuesday, June 28th. Finally, Morgan Stanley downgraded shares of Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.40.

The stock’s 50-day moving average price is $12.40 and its 200 day moving average price is $11.01. The company has a market capitalization of $23.68 billion and a P/E ratio of 19.00.

Other large investors have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its stake in 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. 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 in 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 in 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 in the last quarter. Finally, First Trust Advisors LP raised its stake in 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.

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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