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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies13
  • 7D-2.1%
  • 3M-15.1%
  • 1Y-10.0%
  • YTD-9.5%

Over the last 7 days, the Telecom industry has dropped 2.1%, driven by Telefônica Brasil declining 3.1%. Meanwhile, Méliuz actually outperformed within the industry, gaining 16% in the last week. Overall the industry is down 10.0% in 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Brazilian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026R$150.0bR$96.9bR$11.2b12.8x13.3x1.5x
Sat, 11 Jul 2026R$178.3bR$95.4bR$11.1b12.7x16.1x1.9x
Mon, 08 Jun 2026R$167.7bR$95.4bR$11.1b13.3x15.2x1.8x
Wed, 06 May 2026R$200.8bR$93.4bR$11.0b14.7x18.2x2.1x
Fri, 03 Apr 2026R$207.8bR$93.6bR$11.0b15x18.9x2.2x
Sun, 01 Mar 2026R$214.0bR$93.3bR$11.0b15.4x19.5x2.3x
Tue, 27 Jan 2026R$187.3bR$92.0bR$10.6b14.9x17.7x2x
Thu, 25 Dec 2025R$165.7bR$92.0bR$10.6b13.9x15.7x1.8x
Sat, 22 Nov 2025R$178.0bR$92.0bR$10.6b14.8x16.9x1.9x
Mon, 20 Oct 2025R$172.1bR$90.5bR$9.9b17x17.4x1.9x
Wed, 17 Sep 2025R$170.6bR$90.5bR$9.9b14.9x17.3x1.9x
Fri, 15 Aug 2025R$168.1bR$90.4bR$9.9b13.9x17x1.9x
Sun, 13 Jul 2025R$162.7bR$88.9bR$9.5b14.9x17.2x1.8x
Tue, 10 Jun 2025R$153.7bR$90.2bR$9.6b15.2x16x1.7x
Thu, 08 May 2025R$152.7bR$89.1bR$9.4b14.2x16.3x1.7x
Sat, 05 Apr 2025R$134.8bR$88.7bR$9.2b11.7x14.7x1.5x
Mon, 03 Mar 2025R$128.5bR$89.0bR$9.0b10.3x14.3x1.4x
Wed, 29 Jan 2025R$135.0bR$87.6bR$8.9b10.8x15.2x1.5x
Fri, 27 Dec 2024R$125.1bR$87.6bR$8.9b10.2x14.1x1.4x
Sun, 24 Nov 2024R$133.7bR$87.4bR$8.9b12.3x15.1x1.5x
Tue, 22 Oct 2024R$143.0bR$86.1bR$8.6b14.1x16.7x1.7x
Thu, 19 Sep 2024R$147.6bR$86.1bR$8.6b16.2x17.2x1.7x
Sat, 17 Aug 2024R$141.3bR$85.9bR$8.5b14.3x16.5x1.6x
Mon, 15 Jul 2024R$133.7bR$84.2bR$8.5b13.9x15.8x1.6x
Wed, 12 Jun 2024R$122.3bR$84.2bR$8.5b12.8x14.5x1.5x
Fri, 10 May 2024R$130.1bR$84.5bR$8.5b13.9x15.3x1.5x
Sun, 07 Apr 2024R$141.2bR$83.1bR$8.3b15.8x17x1.7x
Tue, 05 Mar 2024R$141.4bR$82.6bR$8.2b15.5x17.2x1.7x
Thu, 01 Feb 2024R$136.0bR$81.3bR$7.2b16x19x1.7x
Sat, 30 Dec 2023R$142.8bR$81.3bR$7.2b18.2x19.9x1.8x
Mon, 27 Nov 2023R$138.1bR$81.3bR$7.2b17.9x19.3x1.7x
Wed, 25 Oct 2023R$121.6bR$79.8bR$6.9b19.5x17.6x1.5x
Fri, 22 Sep 2023R$120.8bR$79.8bR$6.9b19.8x17.4x1.5x
Sun, 20 Aug 2023R$117.4bR$79.7bR$6.9b19.7x16.9x1.5x
Price to Earnings Ratio

16.9x


Total Market Cap: R$117.4bTotal Earnings: R$6.9bTotal Revenue: R$79.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Telecom Sector Price to Earnings3Y Average 16.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Brazilian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 16.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 6.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Telecom sector?

BR Market-4.77%
Telecom-2.14%
Interactive Media and Services13.66%
Entertainment-0.08%
Wireless Telecom-0.79%
Media-2.05%
Telecom Services and Carriers-2.87%
Industry PE
  • Investors are most optimistic about the Entertainment industry, which is trading close to its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 13.4%, which is lower than the prior year's growth of 24.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 78% over the next 5 years.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 8.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CASH3 MéliuzR$5.3815.7%
+R$82.7m		-3.9%PS1.2x
BRST3 Brisanet Serviços de TelecomunicaçõesR$2.851.4%
+R$17.5m		6.3%PE31.6x
ENJU3 EnjoeiR$0.806.7%
+R$10.3m		-18.4%PS0.6x
DESK3 DesktopR$18.730.4%
+R$9.3m		140.1%PE35.3x
DOTZ3 DotzR$5.930.3%
+R$264.9k		-20.2%PE10.7x

Latest News

CASH3
R$5.38
Méliuz
7D
15.7%
1Y
-3.9%
TIMS3
R$18.75
TIM
7D
-0.8%
1Y
-15.7%
Narrative Update • Aug 05

TIMS3: Governance Committees And Risk Oversight Will Support Future Upside

Analysts have trimmed their price target on TIM to around R$24.84 from R$26.25, reflecting slightly lower assumptions for revenue growth, profit margins and future P/E levels. What’s in the News for TIM TIM has scheduled a board meeting for Jun 17, 2026 to review activities of the Control and Risks Committee and Statutory Audit Committee, receive a presentation on the company’s risk appetite, consider changes to the Related Parties Transactions Policy, decide on a proposal for payment of interest on shareholders’ equity, review the composition of the Board of Officers, and address other business matters.
MSPA3
R$37.40
Companhia Melhoramentos de São Paulo
7D
-2.3%
1Y
n/a
VIVT3
R$29.93
Telefônica Brasil
7D
-3.1%
1Y
-9.8%
Narrative Update • Jul 31

VIVT3: Fiber Acquisition And Capital Returns Will Support Stronger Outlook

Analysts have trimmed their fair value estimate for Telefônica Brasil slightly from R$39.30 to about R$38.51. This reflects updated assumptions around revenue growth, profit margins and future P/E expectations.
DOTZ3
R$5.93
Dotz
7D
0.3%
1Y
-20.2%
SHOW3
R$6.07
T4F Entretenimento
7D
0.2%
1Y
-3.5%
BRST3
R$2.85
Brisanet Serviços de Telecomunicações
7D
1.4%
1Y
6.3%
FIQE3
R$5.22
Unifique Telecomunicações
7D
-1.3%
1Y
40.3%
Narrative Update • Jul 10

nan

Analysts have raised their fair value estimate for Unifique Telecomunicações from R$5.39 to R$6.65, citing updated assumptions for revenue growth, profit margins and future P/E that adjust the stock's risk and earnings profile. What’s in the News for Unifique Telecomunicações No recent news items or key developments for Unifique Telecomunicações were identified in the provided sources as of 9 Jul 2026.
DESK3
R$18.73
Desktop
7D
0.4%
1Y
140.1%
Narrative Update • Jun 26

DESK3: Fair Outlook Will Hinge On May 18 2026 Shareholder Decisions

Analysts have raised the desktop stock's price target from around R$12.83 to about R$17.14, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E that they see as better aligning the valuation with their current expectations. What's in the News for Desktop Desktop has scheduled a Special and Extraordinary Shareholders Meeting for May 18, 2026, according to a company event filing.
BMOB3
R$23.45
Bemobi Mobile Tech
7D
-0.09%
1Y
19.2%
Narrative Update • Jun 15

BMOB3: Future Returns Will Balance Softer Revenue With Higher P/E Expectations

Analysts have raised their fair value estimate for Bemobi Mobile Tech to R$24.00 from R$22.00, citing updated assumptions for the company's discount rate, revenue trends, profit margins and future P/E. What's in the News A board meeting is scheduled for May 15, 2026 to review the distribution and payment of first quarter 2026 interest on equity totaling INR 16,000,000.
ENJU3
R$0.80
Enjoei
7D
6.7%
1Y
-18.4%
Analysis Article • Jun 13

We Think Enjoei (BVMF:ENJU3) Can Afford To Drive Business Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
ATED3
R$1.49
Atom Educação E Editora
7D
-0.7%
1Y
-25.5%