Telefonica Brasil SA (NYSE:VIV) gapped up prior to trading on Monday . The stock had previously closed at $14.28, but opened at $14.39. Telefonica Brasil SA shares last traded at $14.65, with a volume of 1,152,546 shares.

A number of equities research analysts have recently weighed in on VIV shares. Zacks Investment Research upgraded shares of Telefonica Brasil SA from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, July 4th. Morgan Stanley lowered shares of Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 6th. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Telefonica Brasil SA in a report on Tuesday, June 28th. 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. Finally, Barclays PLC upped their price target on shares of Telefonica Brasil SA from $17.00 to $17.50 and gave the company an “overweight” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.90.

The company has a market capitalization of $24.98 billion and a price-to-earnings ratio of 20.37. The company has a 50-day moving average of $14.21 and a 200 day moving average of $12.03.

Several hedge funds and institutional investors have bought and sold shares of the stock. Bank of Montreal Can raised 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. State of New Jersey Common Pension Fund D raised 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. Finally, Employees Retirement System of Texas acquired a new position in Telefonica Brasil SA during the fourth quarter worth $6,993,000.

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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