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Fly News Breaks for June 4, 2019
Jun 4, 2019 | 06:35 EDT
JPMorgan analyst Andre Baggio upgraded Telefonica Brasil to Neutral from Underweight and raised his price target for the shares to R$50 from R$48. The analyst sees better operational trends, with improving growth in mobile and increased relevance of broadband in the fixed revenue mix. Further, he highlights Telefonica Brasil's "strong" cash flow generation and high dividend yield.
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