Shares of Telefonica Brasil SA (NYSE:VIV) rose 2.1% during mid-day trading on Wednesday . The company traded as high as $14.39 and last traded at $14.31, with a volume of 1,621,196 shares. The stock had previously closed at $14.02.

VIV has been the subject of a number of recent analyst reports. Barclays PLC raised their price target on shares of Telefonica Brasil SA from $11.50 to $15.00 in a 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 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 target price for the company in a report on Tuesday, April 26th. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Telefonica Brasil SA in a 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 report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.40.

The company has a 50-day moving average of $12.47 and a 200-day moving average of $11.03. The firm has a market capitalization of $24.17 billion and a price-to-earnings ratio of 19.39.

Other large investors have recently added to or reduced their stakes in the company. Employees Retirement System of Texas purchased a new stake in Telefonica Brasil SA during the fourth quarter worth $6,993,000. Pzena Investment Management LLC increased its position 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 period. Bank of Montreal Can increased its position 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 period. First Trust Advisors LP increased its position 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 during the period. Finally, State of New Jersey Common Pension Fund D increased its position 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 during the period.

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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