Barclays analyst Mathieu Robilliard upgraded Telefonica Brasil (VIV) to Overweight from Equal Weight with a price target of $11.50, down from $11.80. The company’s results show strong revenue and commercial dynamics, and these will continue in 2025, the analyst tells investors in a research note. The firm says Telefonica Brasil’s Q4 results confirm that the Brazilian market remains “very healthy.”
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