JPMorgan analyst Marcelo Santos downgraded Telefonica Brasil (VIV) to Underweight from Neutral with a price target of R$28.50, up from R$26. The firm cites the stock’s relative valuation and risks to the company’s consensus estimates for the downgrade. The firm views Telefonica Brasil as the most expensive mature Latin American telecom stock.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VIV:
- Telefonica Brasil price target raised to $13 from $12.50 at Barclays
- Tim SA price target raised to $23.60 from $19.10 at Scotiabank
- Telefonica Brasil price target raised to $12.50 from $8.80 at Scotiabank
- Telefonica Brasil Reports Strong Q2 2025 Earnings
- Telefonica Brasil SA’s Earnings Call Highlights Robust Growth