October 7, 2013 / 12:31 PM / 4 years ago

STXNEWS LATAM-Credit Suisse cuts Telefonica Brasil rating, target

Credit Suisse analysts led by Andrew Campbell lowered the rating on shares of Telefonica Brasil SA to "neutral" from "overweight" and cut the price target to 51 reais from 59 reais. The analysts cited prospects for weak margins and profitability in the third quarter, which would likely reduce upside in the stock.

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