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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies13
  • 7D0.6%
  • 3M21.2%
  • 1Y55.3%
  • YTD21.7%

In the last week, Telecom has been flat. As for the the longer term, the industry is up 55% over the past 12 months. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026R$201.8bR$93.6bR$11.0b14.7x18.4x2.2x
Tue, 24 Feb 2026R$204.5bR$92.3bR$10.8b14.8x18.9x2.2x
Thu, 22 Jan 2026R$176.7bR$92.0bR$10.6b14.2x16.7x1.9x
Sat, 20 Dec 2025R$169.8bR$92.0bR$10.6b14.2x16.1x1.8x
Mon, 17 Nov 2025R$180.7bR$91.9bR$10.5b17.5x17.1x2x
Wed, 15 Oct 2025R$167.1bR$90.5bR$9.9b16.5x16.9x1.8x
Fri, 12 Sep 2025R$170.3bR$90.5bR$9.9b14.6x17.2x1.9x
Sun, 10 Aug 2025R$167.6bR$90.4bR$9.8b14.9x17.1x1.9x
Tue, 08 Jul 2025R$165.8bR$88.9bR$9.5b15.8x17.5x1.9x
Thu, 05 Jun 2025R$157.0bR$90.2bR$9.6b15.6x16.4x1.7x
Sat, 03 May 2025R$147.9bR$88.8bR$9.1b14.4x16.3x1.7x
Mon, 31 Mar 2025R$135.5bR$88.7bR$9.2b11.3x14.8x1.5x
Wed, 26 Feb 2025R$138.5bR$88.0bR$8.8b10.7x15.7x1.6x
Fri, 24 Jan 2025R$130.3bR$87.6bR$8.9b10.6x14.7x1.5x
Sun, 22 Dec 2024R$128.2bR$87.6bR$8.9b10.8x14.4x1.5x
Tue, 19 Nov 2024R$135.5bR$87.6bR$8.8b12.4x15.3x1.5x
Thu, 17 Oct 2024R$142.3bR$86.1bR$8.6b14.5x16.6x1.7x
Sat, 14 Sep 2024R$145.5bR$86.1bR$8.6b15.8x17x1.7x
Mon, 12 Aug 2024R$137.4bR$85.8bR$8.6b13.8x15.9x1.6x
Wed, 10 Jul 2024R$126.6bR$84.2bR$8.5b13.5x15x1.5x
Fri, 07 Jun 2024R$125.8bR$84.2bR$8.5b12.9x14.9x1.5x
Sun, 05 May 2024R$139.2bR$83.1bR$8.3b15.3x16.8x1.7x
Tue, 02 Apr 2024R$138.8bR$83.1bR$8.3b15.2x16.7x1.7x
Thu, 29 Feb 2024R$149.6bR$82.6bR$8.2b16.1x18.2x1.8x
Sat, 27 Jan 2024R$136.7bR$81.3bR$7.2b17.2x19.1x1.7x
Mon, 25 Dec 2023R$142.8bR$81.3bR$7.2b17.9x19.9x1.8x
Wed, 22 Nov 2023R$133.9bR$81.3bR$7.2b17.4x18.6x1.6x
Fri, 20 Oct 2023R$123.3bR$79.8bR$6.9b19.7x17.8x1.5x
Sun, 17 Sep 2023R$118.8bR$79.8bR$6.9b20.1x17.1x1.5x
Tue, 15 Aug 2023R$117.2bR$79.6bR$6.8b18.9x17.2x1.5x
Thu, 13 Jul 2023R$112.9bR$78.2bR$6.1b16.5x18.6x1.4x
Sat, 10 Jun 2023R$118.2bR$78.2bR$6.1b17.3x19.5x1.5x
Mon, 08 May 2023R$111.5bR$75.7bR$5.9b18.4x19x1.5x
Wed, 05 Apr 2023R$104.6bR$75.6bR$5.9b15.2x17.8x1.4x
Price to Earnings Ratio

17.8x


Total Market Cap: R$104.6bTotal Earnings: R$5.9bTotal Revenue: R$75.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Telecom Sector Price to Earnings3Y Average 16.9x202420252026
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 16.9x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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 Market2.50%
Telecom0.59%
Entertainment5.27%
Wireless Telecom1.45%
Interactive Media and Services0.33%
Media0.15%
Telecom Services and Carriers0.13%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 10.7%, which is lower than the prior year's growth of 31.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 71% over the next 5 years.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 6.6% 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
TIMS3 TIMR$26.511.5%
+R$907.7m		49.2%PE14.7x
DESK3 DesktopR$17.9824.9%
+R$415.1m		124.5%PE25.8x
FIQE3 Unifique TelecomunicaçõesR$6.6717.8%
+R$393.1m		94.5%PE12.4x
BRST3 Brisanet Serviços de TelecomunicaçõesR$3.1113.1%
+R$157.7m		14.3%PE33.4x
BMOB3 Bemobi Mobile TechR$25.245.6%
+R$113.1m		47.3%PE13.6x

Latest News

FIQE3
R$6.67
Unifique Telecomunicações
7D
17.8%
1Y
94.5%
VIVT3
R$40.01
Telefônica Brasil
7D
-0.6%
1Y
59.6%
ENJU3
R$1.07
Enjoei
7D
0.9%
1Y
2.9%
BRST3
R$3.11
Brisanet Serviços de Telecomunicações
7D
13.1%
1Y
14.3%
DESK3
R$17.98
Desktop
7D
24.9%
1Y
124.5%
BMOB3
R$25.24
Bemobi Mobile Tech
7D
5.6%
1Y
47.3%

BMOB3: Steady Fair Value And Easing Revenue Decline Will Support Upside

Analysts kept their R$35.00 fair value estimate for Bemobi Mobile Tech in place while updating inputs such as a slightly higher discount rate, a smaller revenue decline, a similar profit margin, and a lower future P/E assumption. This suggests their overall view on the stock's valuation remains broadly unchanged.
TIMS3
R$26.51
TIM
7D
1.5%
1Y
49.2%

TIMS3: Buybacks And Fibre Stake Talks Will Shape Balanced Outlook

Analysts now see TIM’s fair value edging up from R$26.02 to R$26.22, reflecting slightly different views on revenue growth, profit margins and future P/E, which together support a modestly higher price target. What's in the News TIM scheduled a board meeting on March 18, 2026, to decide on a proposal for paying interest on shareholders' equity, which directly relates to how cash returns may be allocated to investors.
DOTZ3
R$2.95
Dotz
7D
2.8%
1Y
-19.6%

Dotz S.A. (BVMF:DOTZ3) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

Feb 10
Dotz S.A. (BVMF:DOTZ3) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
FICT3
R$0.44
Fictor Alimentos
7D
-4.3%
1Y
-89.5%
SHOW3
R$4.37
T4F Entretenimento
7D
-14.5%
1Y
-35.7%

T4F Entretenimento S.A.'s (BVMF:SHOW3) Business And Shares Still Trailing The Industry

Jan 28
T4F Entretenimento S.A.'s (BVMF:SHOW3) Business And Shares Still Trailing The Industry
ATED3
R$2.31
Atom Educação E Editora
7D
2.7%
1Y
99.1%