Barclays Downgrades Telefonica Brasil (NYSE:VIV) to Equal Weight

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Barclays has downgraded Telefonica Brasil (NYSE:VIV) from “overweight” to “equal weight” with a $16.00 target price, indicating minimal upside. The company currently holds a consensus “Hold” rating from analysts, with an average price target of $13.42. This follows a recent quarter where Telefonica Brasil exceeded EPS estimates but fell short on revenue.

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