Telefonica Brasil S.A. (VIV) has risen sharply, recording gains of 5% in the past 4 weeks. However, the stock has corrected -2.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Telefonica Brasil S.A. (NYSE:VIV): The stock opened at $14.91 on Friday but the bulls could not build on the opening and the stock topped out at $14.98 for the day. The stock traded down to $14.50 during the day, due to lack of any buying support eventually closed down at $14.71 with a loss of -1.34% for the day. The stock had closed at $14.91 on the previous day. The total traded volume was 1,966,210 shares.
The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 12.04%. Telefonica Brasil S.A. is up 21.23% in the last 3-month period. Year-to-Date the stock performance stands at 69.02%.
Telefonica Brasil S.A. (VIV) : Currently there are 4 street experts covering Telefonica Brasil S.A. (VIV) stock. The most bullish and bearish price target for the stock is $18 and $11 respectively for the short term. The average price target of all the analysts comes to $14.38. The estimated standard deviation from the target is $2.93.
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.