Shares of Telefonica Brasil SA (NYSE:VIV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.74 and last traded at $14.71, with a volume of 1,243,862 shares traded. The stock had previously closed at $14.31.

A number of analysts have issued reports on VIV shares. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Telefonica Brasil SA in a research note on Tuesday, June 28th. Zacks Investment Research raised Telefonica Brasil SA from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, July 4th. Morgan Stanley lowered Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 6th. Credit Suisse Group AG lowered Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 25th. Finally, Barclays PLC raised their price target on Telefonica Brasil SA from $11.50 to $15.00 in a research note on Friday, April 1st. One 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 company currently has an average rating of “Hold” and a consensus price target of $13.40.

The firm’s 50-day moving average is $12.64 and its 200-day moving average is $11.09. The stock has a market cap of $24.10 billion and a price-to-earnings ratio of 19.34.

Other large investors recently made changes to their positions in the company. Employees Retirement System of Texas bought a new stake in shares of Telefonica Brasil SA during the fourth quarter worth about $6,993,000. Bank of Montreal Can raised its stake 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 during the period. First Trust Advisors LP raised its stake 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 during the period. State of New Jersey Common Pension Fund D raised its stake 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 during the period. Finally, Boston Partners raised its stake 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 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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