Telefonica Brasil S.A. (VIV) : Traders are bullish on Telefonica Brasil S.A. (VIV) as it has outperformed the S&P 500 by a wide margin of 2.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.13%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.1% in the last 1 week, and is up 2.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Telefonica Brasil S.A. is up 28.86% in the last 3-month period. Year-to-Date the stock performance stands at 72.12%. The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 9.28%.
Telefonica Brasil S.A. (NYSE:VIV): The stock opened at $14.87 on Friday but the bulls could not build on the opening and the stock topped out at $15.03 for the day. The stock traded down to $14.69 during the day, due to lack of any buying support eventually closed down at $14.98 with a loss of -0.13% for the day. The stock had closed at $15.00 on the previous day. The total traded volume was 1,760,468 shares.
Also, Barclays maintains its rating on Telefonica Brasil S.A. (NYSE:VIV). The global brokerage major raises the current price target from $17 per share to $17.5 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The rating by the firm was issued on July 28, 2016.
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 1,800 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.