Telefonica Brasil SA (ADR) (VIV) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on May 25, 2016.
Telefonica Brasil SA (ADR) opened for trading at $11.59 and hit $11.79 on the upside on Friday, eventually ending the session at $11.65, with a gain of 2.01% or 0.23 points. The heightened volatility saw the trading volume jump to 9,72,193 shares. Company has a market cap of $19,673 M.
Telefonica Brasil S.A. is a mobile telecommunications company in Brazil. The Company is a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products including mobile and fixed voice mobile data fixed broadband ultra-fast broadband (UBB) (based on its Fiber to the Home infrastructure (FTTH)) Pay TV information technology and digital services (such as e-health cloud and financial services). It also has a distribution network with more than 300 of its own stores and approximately 1800 physical distribution points of sale where its clients can obtain certain services such as purchasing credit for prepaid phones. Its operations consist of local and long distance fixed telephone services; mobile services including value-added services; data services including broadband services and mobile data services and Pay TV services through direct to home (DTH) among others.