Telefonica Brasil SA (NYSE:VIV)’s share price reached a new 52-week high on Friday . The stock traded as high as $15.42 and last traded at $15.11, with a volume of 1,211,422 shares traded. The stock had previously closed at $14.95.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Telefonica Brasil SA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Barclays PLC upped their price target on Telefonica Brasil SA from $17.00 to $17.50 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Morgan Stanley lowered Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 6th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Telefonica Brasil SA in a research note on Tuesday, June 28th. Finally, Credit Suisse Group AG lowered Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Telefonica Brasil SA presently has an average rating of “Hold” and an average price target of $13.90.

The company has a market capitalization of $25.23 billion and a price-to-earnings ratio of 21.04. The stock’s 50 day moving average price is $14.55 and its 200-day moving average price is $12.32.

A hedge fund recently raised its stake in Telefonica Brasil SA stock. State of New Jersey Common Pension Fund D increased its position in Telefonica Brasil SA (NYSE:VIV) by 16.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent 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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