Telefonica Brasil S.A. (VIV) Shares are Down -2.18%

Telefonica Brasil S.A. (VIV) has risen sharply, recording gains of 0.84% in the past 4 weeks. However, the stock has corrected -2.18% in the past 1 week, providing a good buying opportunity on dips. Telefonica Brasil S.A. (VIV) : During the past 4 weeks, traders have been relatively bearish on Telefonica Brasil S.A. (VIV), hence the stock is down -0.19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.23% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 7.06%. Telefonica Brasil S.A. (NYSE:VIV): On Fridays trading session , Opening price of the stock was $14.35 with an intraday high of $14.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.26. However, the stock managed to close at $14.39, a loss of 1.64% for the day. On the previous day, the stock had closed at $14.63. The total traded volume of the day was 1,759,552 shares.


Institutional Investors own 10.65% of Telefonica Brasil S.A. shares. Also, Major Brokerage house, Barclays maintains its ratings on Telefonica Brasil S.A. (NYSE:VIV). In the latest research report, Barclays raises the target price from $17 per share to $17.5 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. 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.

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