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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies13
  • 7D0.6%
  • 3M20.9%
  • 1Y55.3%
  • YTD21.7%

The Telecom industry has stayed flat over the last week. The past year has been better, since the industry has gained 55% in that time. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Mar 2026R$201.8bR$93.6bR$11.0b14.7x18.4x2.2x
Wed, 25 Feb 2026R$209.7bR$93.3bR$11.0b15x19.1x2.2x
Fri, 23 Jan 2026R$177.9bR$92.0bR$10.6b14.3x16.8x1.9x
Sun, 21 Dec 2025R$169.7bR$92.0bR$10.6b14.2x16.1x1.8x
Tue, 18 Nov 2025R$180.7bR$92.0bR$10.5b16.4x17.1x2x
Thu, 16 Oct 2025R$169.3bR$90.5bR$9.9b16.7x17.1x1.9x
Sat, 13 Sep 2025R$170.7bR$90.5bR$9.9b14.6x17.3x1.9x
Mon, 11 Aug 2025R$167.6bR$90.4bR$9.8b14.9x17.1x1.9x
Wed, 09 Jul 2025R$162.7bR$88.9bR$9.5b15.4x17.2x1.8x
Fri, 06 Jun 2025R$154.1bR$90.2bR$9.6b15.3x16.1x1.7x
Sun, 04 May 2025R$146.1bR$88.8bR$9.1b14.4x16.1x1.6x
Tue, 01 Apr 2025R$135.5bR$88.7bR$9.2b11.2x14.8x1.5x
Thu, 27 Feb 2025R$139.5bR$89.0bR$9.0b10.6x15.5x1.6x
Sat, 25 Jan 2025R$130.8bR$87.6bR$8.9b10.5x14.7x1.5x
Mon, 23 Dec 2024R$128.2bR$87.6bR$8.9b10.8x14.4x1.5x
Wed, 20 Nov 2024R$135.2bR$87.4bR$8.9b12.6x15.3x1.5x
Fri, 18 Oct 2024R$142.3bR$86.1bR$8.6b14.3x16.6x1.7x
Sun, 15 Sep 2024R$145.5bR$86.1bR$8.6b15.8x17x1.7x
Tue, 13 Aug 2024R$137.5bR$85.8bR$8.6b13.8x15.9x1.6x
Thu, 11 Jul 2024R$126.4bR$84.2bR$8.5b13.6x14.9x1.5x
Sat, 08 Jun 2024R$125.8bR$84.2bR$8.5b12.7x14.9x1.5x
Mon, 06 May 2024R$139.2bR$83.1bR$8.3b15.3x16.8x1.7x
Wed, 03 Apr 2024R$137.8bR$83.1bR$8.3b15.2x16.6x1.7x
Fri, 01 Mar 2024R$148.5bR$82.6bR$8.2b15.5x18.1x1.8x
Sun, 28 Jan 2024R$137.8bR$81.3bR$7.2b17.2x19.2x1.7x
Tue, 26 Dec 2023R$142.8bR$81.3bR$7.2b17.9x19.9x1.8x
Thu, 23 Nov 2023R$133.9bR$81.3bR$7.2b17.7x18.6x1.6x
Sat, 21 Oct 2023R$121.6bR$79.8bR$6.9b19.4x17.6x1.5x
Mon, 18 Sep 2023R$118.8bR$79.8bR$6.9b20.1x17.1x1.5x
Wed, 16 Aug 2023R$116.4bR$79.6bR$6.8b19.1x17x1.5x
Fri, 14 Jul 2023R$113.1bR$78.2bR$6.1b16.4x18.6x1.4x
Sun, 11 Jun 2023R$118.2bR$78.2bR$6.1b17.3x19.5x1.5x
Tue, 09 May 2023R$111.6bR$75.7bR$5.9b17.7x19.1x1.5x
Thu, 06 Apr 2023R$104.3bR$75.6bR$5.9b15.1x17.8x1.4x
Price to Earnings Ratio

17.8x


Total Market Cap: R$104.3bTotal 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
FIQE3 Unifique TelecomunicaçõesR$6.679.5%
+R$225.8m		100.3%PE12.4x
BRST3 Brisanet Serviços de TelecomunicaçõesR$3.119.5%
+R$118.3m		15.6%PE33.4x
BMOB3 Bemobi Mobile TechR$25.242.9%
+R$59.1m		47.2%PE13.6x
DESK3 DesktopR$17.981.3%
+R$26.7m		128.5%PE25.8x
ATED3 Atom Educação E EditoraR$2.310.4%
+R$238.0k		100.9%n/a

Latest News

SHOW3
R$4.37
T4F Entretenimento
7D
-12.8%
1Y
-37.6%
DOTZ3
R$2.95
Dotz
7D
-0.3%
1Y
-20.1%
FIQE3
R$6.67
Unifique Telecomunicações
7D
9.5%
1Y
100.3%
VIVT3
R$40.01
Telefônica Brasil
7D
-1.1%
1Y
60.6%
ENJU3
R$1.07
Enjoei
7D
-3.6%
1Y
5.9%
CASH3
R$3.55
Méliuz
7D
-8.5%
1Y
8.6%
BRST3
R$3.11
Brisanet Serviços de Telecomunicações
7D
9.5%
1Y
15.6%
DESK3
R$17.98
Desktop
7D
1.3%
1Y
128.5%
BMOB3
R$25.24
Bemobi Mobile Tech
7D
2.9%
1Y
47.2%

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
47.3%

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.
FICT3
R$0.44
Fictor Alimentos
7D
-6.4%
1Y
-88.9%
ATED3
R$2.31
Atom Educação E Editora
7D
0.4%
1Y
100.9%