Vivo Participacoes SA Lowered to Neutral at Credit Suisse (VIV)
Vivo Participacoes SA (NYSE:VIV) was downgraded by equities researchers at Credit Suisse from an “outperform” rating to a “neutral” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank cut their price target on shares of Vivo Participacoes SA from $28.00 to $25.00 in a research note to investors on Friday, July 26th. Separately, analysts at Barclays Capital cut their price target on shares of Vivo Participacoes SA from $31.00 to $27.50 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Vivo Participacoes SA in a research note to investors on Wednesday, July 17th. They now have a $23.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Vivo Participacoes SA has a consensus rating of “Hold” and an average price target of $25.50.
Shares of Vivo Participacoes SA (NYSE:VIV) traded down 1.74% during mid-day trading on Monday, hitting $21.48. The stock had a trading volume of 502,932 shares. Vivo Participacoes SA has a 52-week low of $19.49 and a 52-week high of $27.71. The stock’s 50-day moving average is $21.49 and its 200-day moving average is $23.65. The company has a market cap of $24.128 billion and a P/E ratio of 12.09.
Vivo Participacoes SA (NYSE:VIV) is a provider of cellular telecommunication services in brazil, through its wholly owned subsidiary, Vivo SA Vivo SA is a cellular operator in the states of Acre, Alagoas, Amapa, Amazonas, Bahia, Ceara, Espirito, Santo, Goias, Maranhao, Mato Grosso, Mato Grosso do Sul, Para Parana, Pernambuco, Piaui, Rio de Janeiro, Rio Grande do Norte, Rio Grande do Sul, Rondonia, Roraima, Santa Catarina, Sao Paulo, Sergipe, Tocantins and Minas Gerais, through its subsidiary Telemig Celular.
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