Telefonica Brasil, S.A. (VIV) was a big mover last session, as the company saw its shares rise by nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $18.42 to $20.37 in the past one-month time frame.
The company has seen one positive revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Telefonica Brasil. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road
Telefonica Brasil currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the technology sector include Telef (TEF), Benchmark Electronics Inc. (BHE) and Skyworks Solutions Inc. (SWKS).Each of these stocks sports a Zacks Rank #1 (Strong Buy).
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