Telefonica Brasil (NYSE:VIV) Shares Gap Down Following Analyst Downgrade

Telefonica Brasil S.A. (NYSE: VIV - Get Free Report)'s share price gapped down prior to trading on Wednesday after UBS Group downgraded the stock from a buy rating to a sell rating. The stock had previously closed at $16.27, but opened at $15.66. Telefonica Brasil shares last traded at $16.0880, with a volume of 148,503 shares