Telefonica Brasil SA (NYSE:VIV)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $12.78, but opened at $13.07. Telefonica Brasil shares last traded at $13.40, with a volume of 2497833 shares.
A number of research firms have recently weighed in on VIV. ValuEngine raised Telefonica Brasil from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 31st. Credit Suisse Group cut Telefonica Brasil from a “neutral” rating to an “underperform” rating in a report on Thursday, January 10th. Citigroup raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a report on Friday, December 14th. Barclays boosted their price target on Telefonica Brasil from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 22nd. Finally, Santander raised Telefonica Brasil from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Telefonica Brasil has an average rating of “Hold” and a consensus target price of $14.90.
The company has a market cap of $21.55 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.70. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.07.
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About Telefonica Brasil (NYSE:VIV)
Telefônica Brasil SA provides mobile and fixed line telecommunications services to residential and corporate customers in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband Internet access through 3G and 4G, as well as mobile value-added services and wireless roaming services.
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