Telefonica Brasil SA (NYSE:VIV) traded down 2.3% during mid-day trading on Friday . The company traded as low as $14.50 and last traded at $14.56, with a volume of 883,276 shares changing hands. The stock had previously closed at $14.91.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Telefonica Brasil SA from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays PLC upped their price target on Telefonica Brasil SA from $17.00 to $17.50 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Morgan Stanley lowered Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Telefonica Brasil SA in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG lowered Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.90.

The firm has a 50-day moving average of $13.79 and a 200 day moving average of $11.70. The firm has a market capitalization of $24.84 billion and a P/E ratio of 21.04.

Other large investors have made changes to their positions in the company. Employees Retirement System of Texas acquired a new stake in shares of Telefonica Brasil SA during the fourth quarter worth $6,993,000. State of New Jersey Common Pension Fund D increased 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 during the last quarter. Bank of Montreal Can increased 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. Finally, Boston Partners increased 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.

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB), Pay television, information technology and digital services (such as e-health, cloud and financial services).

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