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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies13
  • 7D7.0%
  • 3M-13.5%
  • 1Y12.0%
  • YTD5.6%

The Telecom industry is up 7.0% in the last week, with Telefônica Brasil up 7.2%. During this same period, the Enjoei underperformed, falling 18%. In the last 12 months, the industry was up 12%. 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
Mon, 29 Jun 2026R$175.0bR$95.4bR$11.1b12.5x15.8x1.8x
Wed, 27 May 2026R$172.0bR$95.2bR$11.1b13.5x15.5x1.8x
Fri, 24 Apr 2026R$200.5bR$93.4bR$11.0b14.4x18.2x2.1x
Sun, 22 Mar 2026R$200.5bR$93.3bR$11.0b15.4x18.3x2.1x
Tue, 17 Feb 2026R$206.2bR$92.3bR$10.8b15.2x19x2.2x
Thu, 15 Jan 2026R$165.4bR$92.0bR$10.6b13.8x15.7x1.8x
Sat, 13 Dec 2025R$172.7bR$92.0bR$10.6b15.5x16.3x1.9x
Mon, 10 Nov 2025R$176.0bR$91.8bR$10.5b16.9x16.8x1.9x
Wed, 08 Oct 2025R$167.5bR$90.5bR$9.9b15.8x17x1.9x
Fri, 05 Sep 2025R$171.0bR$90.5bR$9.9b14.4x17.3x1.9x
Sun, 03 Aug 2025R$159.4bR$90.3bR$9.8b13.8x16.3x1.8x
Tue, 01 Jul 2025R$161.1bR$88.9bR$9.5b15.5x17x1.8x
Thu, 29 May 2025R$150.9bR$90.2bR$9.6b14.9x15.7x1.7x
Sat, 26 Apr 2025R$144.9bR$88.8bR$9.1b14.3x15.9x1.6x
Mon, 24 Mar 2025R$134.1bR$89.0bR$9.2b10.9x14.5x1.5x
Wed, 19 Feb 2025R$140.9bR$88.0bR$8.8b11.5x15.9x1.6x
Fri, 17 Jan 2025R$125.5bR$87.6bR$8.9b10.3x14.1x1.4x
Sun, 15 Dec 2024R$128.8bR$87.6bR$8.9b11.1x14.5x1.5x
Tue, 12 Nov 2024R$134.8bR$87.5bR$8.9b14.3x15.2x1.5x
Thu, 10 Oct 2024R$140.7bR$86.1bR$8.6b14.5x16.4x1.6x
Sat, 07 Sep 2024R$145.7bR$86.1bR$8.6b15.5x17x1.7x
Mon, 05 Aug 2024R$136.0bR$85.6bR$8.7b13.8x15.6x1.6x
Wed, 03 Jul 2024R$123.6bR$84.2bR$8.5b12.8x14.6x1.5x
Fri, 31 May 2024R$124.4bR$84.4bR$8.5b13.4x14.7x1.5x
Sun, 28 Apr 2024R$132.2bR$83.1bR$8.3b14.8x15.9x1.6x
Tue, 26 Mar 2024R$137.5bR$83.0bR$8.3b13.5x16.6x1.7x
Thu, 22 Feb 2024R$140.4bR$82.6bR$8.2b15.2x17.1x1.7x
Sat, 20 Jan 2024R$137.0bR$81.3bR$7.2b17.1x19.1x1.7x
Mon, 18 Dec 2023R$143.4bR$81.3bR$7.2b19.1x20x1.8x
Wed, 15 Nov 2023R$136.3bR$81.1bR$7.3b18.3x18.8x1.7x
Fri, 13 Oct 2023R$124.1bR$79.8bR$6.9b19.8x17.9x1.6x
Sun, 10 Sep 2023R$115.2bR$79.8bR$6.9b18.9x16.6x1.4x
Tue, 08 Aug 2023R$116.8bR$79.6bR$6.8b17.2x17.2x1.5x
Thu, 06 Jul 2023R$116.9bR$78.2bR$6.1b17.3x19.3x1.5x
Price to Earnings Ratio

19.3x


Total Market Cap: R$116.9bTotal Earnings: R$6.1bTotal Revenue: R$78.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Telecom Sector Price to Earnings3Y Average 16.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.7x.
  • 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 22% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market2.81%
Telecom7.03%
Wireless Telecom7.88%
Telecom Services and Carriers6.85%
Entertainment1.27%
Media-1.37%
Interactive Media and Services-5.27%
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 11.5%, 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 72% over the next 5 years.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 8.8% 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
VIVT3 Telefônica BrasilR$34.793.7%
+R$4.0b		12.6%PE17.5x
TIMS3 TIMR$22.732.7%
+R$1.4b		3.1%PE12.5x
DESK3 DesktopR$17.702.5%
+R$51.1m		80.2%PE33.4x
FIQE3 Unifique TelecomunicaçõesR$5.872.3%
+R$50.6m		68.9%PE10.2x
BRST3 Brisanet Serviços de TelecomunicaçõesR$2.763.8%
+R$43.8m		-6.4%PE30.6x

Latest News

FIQE3
R$5.87
Unifique Telecomunicações
7D
3.0%
1Y
70.7%
Narrative Update • Jun 26

FIQE3: Higher Margin Outlook Will Support Stronger Future Earnings Multiple

Analysts have raised their fair value estimate for Unifique Telecomunicações from R$7.44 to R$8.60, citing updated assumptions regarding revenue growth, profit margins and future P/E levels. What’s in the News for Unifique Telecomunicações No recent company specific news items have been identified for Unifique Telecomunicações based on the provided sources.
DESK3
R$17.70
Desktop
7D
1.7%
1Y
87.1%
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.
VIVT3
R$34.79
Telefônica Brasil
7D
7.2%
1Y
14.4%
Narrative Update • Jun 25

VIVT3: Fiber Merger And Capital Returns Will Support Stronger Outlook

Analysts have trimmed their price target for Telefônica Brasil to R$39.30 from R$40.44. The change reflects updated assumptions for revenue growth, profit margins and future P/E levels, while the discount rate remains unchanged.
TIMS3
R$22.73
TIM
7D
7.9%
1Y
6.6%
Narrative Update • Jun 22

TIMS3: Governance Reforms And Shareholder Returns Will Support Future Upside

Analysts have made a small downward adjustment to TIM's fair value and price target to roughly R$26.84. This reflects slightly updated assumptions on valuation multiples, while growth and margin expectations remain broadly aligned with prior views.
BMOB3
R$23.51
Bemobi Mobile Tech
7D
1.3%
1Y
19.4%
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
-17.5%
1Y
-31.6%
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...
DOTZ3
R$4.74
Dotz
7D
-7.6%
1Y
-32.4%
ATED3
R$1.79
Atom Educação E Editora
7D
-8.7%
1Y
-5.8%
FICT3
R$0.22
Fictor Alimentos
7D
-4.3%
1Y
-93.9%
SHOW3
R$5.90
T4F Entretenimento
7D
0.2%
1Y
-8.4%
BRST3
R$2.76
Brisanet Serviços de Telecomunicações
7D
3.0%
1Y
-5.8%