Bank of America Securities analyst Fred Mendes reiterated a Buy rating on Telefonica Brasil (VIV – Research Report) today and set a price target of $11.00. The company’s shares closed yesterday at $8.14.
Mendes covers the Technology sector, focusing on stocks such as TIM, America Movil, and Telefonica Brasil. According to TipRanks, Mendes has an average return of -2.2% and a 42.86% success rate on recommended stocks.
Currently, the analyst consensus on Telefonica Brasil is a Moderate Buy with an average price target of $10.33.
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VIV market cap is currently $13.57B and has a P/E ratio of 17.19.
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Telefonica Brasil SA engages in the provision of telecommunication services. It offers post paid mobile and fixed telecommunications services, such as fixed and mobile voice, fixed, mobile broadband and ultra broadband. The company was founded in May 1998 and is headquartered in São Paulo, Brazil.
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