Telefonica Brasil SA (NYSE:VIV) shares gapped down prior to trading on Thursday . The stock had previously closed at $14.57, but opened at $14.63. Telefonica Brasil SA shares last traded at $14.78, with a volume of 1,554,311 shares trading hands.

VIV has been the topic of several analyst reports. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Telefonica Brasil SA in a research note on Tuesday, June 28th. Zacks Investment Research downgraded Telefonica Brasil SA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Morgan Stanley downgraded Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 6th. Barclays PLC lifted their price target on Telefonica Brasil SA from $17.00 to $17.50 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG downgraded Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.90.

The stock has a market capitalization of $25.30 billion and a PE ratio of 20.81. The stock has a 50-day moving average of $14.42 and a 200 day moving average of $12.16.

A hedge fund recently raised its stake in Telefonica Brasil SA stock. State of New Jersey Common Pension Fund D boosted its stake in shares of Telefonica Brasil SA (NYSE:VIV) by 16.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 567,300 shares of the company’s stock after buying an additional 82,100 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Telefonica Brasil SA were worth $5,123,000 as of its most recent SEC filing.

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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