Telefonica Brasil S.A. (VIV) Receives Price Target

Telefonica Brasil S.A. (VIV) : The consensus price target for Telefonica Brasil S.A. (VIV) is $14.75 for the short term with a standard deviation of $2.9. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $11.

Telefonica Brasil S.A. (VIV) : Zacks Investment Research ranks Telefonica Brasil S.A. (VIV) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2, which indicates as a Buy.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Telefonica Brasil S.A. (NYSE:VIV). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $17 per share to $17.5 per share. The rating by the firm was issued on July 28, 2016.

Telefonica Brasil S.A. (NYSE:VIV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.86 and $14.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.96, notching a gain of 0.13% for the day. The total traded volume was 1,544,657 . The stock had closed at $14.94 on the previous day.

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.

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