# Telefônica Brasil S.A. (VIV)

> Source: Nexqual · https://nexqual.com/VIV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Telefônica Brasil S.A. (VIV), nexqual.com/VIV" · informational, not investment advice.

**Price:** USD 13.08 (+1.24% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 12.92 · day 12.96–13.13 · 52w 11.17–17.26 · market cap $20.9B · NYQ

## Key facts
- Analysts: Hold (mean 3.00 on a 1–5 scale) (8 analysts), mean target USD 15.32 (range 13.22–19.83).
- Total return with dividends: 1Y +11.9% vs S&P 500 +14.9%; 5Y +128.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-10, EPS estimate USD 1.39, revenue estimate $15.9B.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 8 analysts; mean target USD 15.32 (low 13.22, high 19.83).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-16 | Barclays | Target lowered | Equal-Weight | $16.5 → $15.5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +11.9% | +128.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +11.9% | +17.9% |
| Volatility (annualized) | 31.7% | 28.4% |
| Max drawdown | -31.2% (Apr 2026→Aug 2026) | -38.2% (Mar 2022→Dec 2022) |

## Peers (Telecom Services)
BCE (BCE, Inc.) USD 20.81 +4.15% · RCI (Rogers Communication, Inc.) USD 33.2 +4.57% · ECHO (EchoStar Corporation) USD 85.79 -7.39% · CHTR (Charter Communications, Inc.) USD 111.77 +4.20% · TU (Telus Corporation) USD 8.86 +5.73% · TIGO (Millicom International Cellular) USD 79.93 -2.11%

## More
Full page: https://nexqual.com/VIV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in VIV's own 20-F filed 2026-02-24 (https://www.sec.gov/Archives/edgar/data/1066119/000207097926000018/viv-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Samsung Electronics | "Our current smartphone suppliers are Samsung, Apple, Motorola and Oppo, our device suppliers area Intelbras, Flex (Mitrastar), Blucastle, Tellescom (Askey) and ZTE and our gadgets suppliers are Samsung, Apple, Harman (JB…" |
| Supplier | Apple (AAPL) | "Our current smartphone suppliers are Samsung, Apple, Motorola and Oppo, our device suppliers area Intelbras, Flex (Mitrastar), Blucastle, Tellescom (Askey) and ZTE and our gadgets suppliers are Samsung, Apple, Harman (JB…" |
| Supplier | Lenovo | "Our current smartphone suppliers are Samsung, Apple, Motorola and Oppo, our device suppliers area Intelbras, Flex (Mitrastar), Blucastle, Tellescom (Askey) and ZTE and our gadgets suppliers are Samsung, Apple, Harman (JB…" |
| Supplier | Amazon (AMZN) | "Our current smartphone suppliers are Samsung, Apple, Motorola and Oppo, our device suppliers area Intelbras, Flex (Mitrastar), Blucastle, Tellescom (Askey) and ZTE and our gadgets suppliers are Samsung, Apple, Harman (JB…" |
| Supplier | Nintendo | "Our current smartphone suppliers are Samsung, Apple, Motorola and Oppo, our device suppliers area Intelbras, Flex (Mitrastar), Blucastle, Tellescom (Askey) and ZTE and our gadgets suppliers are Samsung, Apple, Harman (JB…" |
| Supplier | Sony (SONY) | "Our current smartphone suppliers are Samsung, Apple, Motorola and Oppo, our device suppliers area Intelbras, Flex (Mitrastar), Blucastle, Tellescom (Askey) and ZTE and our gadgets suppliers are Samsung, Apple, Harman (JB…" |
| Customer | Brazilian | "Our collection practices for delinquent customers comply with the guidelines established by ANATEL (the Brazilian National Telecommunications Agency), as well as with the regulations of the Telecommunications Services Ag…" |
| Customer | Terra Networks Brasil | "The purpose of the Terra Networks Transaction was to expand and integrate our offering of digital services, in order to provide additional value to our customer base and TData's." |
| Customer | Data | "The purpose of the Terra Networks Transaction was to expand and integrate our offering of digital services, in order to provide additional value to our customer base and TData's." |
| Customer | Brasil | "Additionally, the TI&BDT Transaction also ensured that we continue to manage relationships with end customers, as we have also entered into an agreement whereby we will act as IoTCo Brasil's exclusive sales channel." |
| Customer | Paulo | "In 2025, we continued to cover 100% of the municipalities in our concession area in the state of São Paulo and hundreds of others throughout Brazil, reaching approximately 7.8 million fixed broadband customers in total, …" |
| Partner | Vivo | "Through Vivo Ventures, we intend to foster the expansion of our digital ecosystem with the creation of meaningful partnerships with startups, contributing to complementing the value proposition offered to our customers t…" |
| Partner | Vivendi | "On September 18, 2014, we entered into a stock purchase agreement with Vivendi S.A. to acquire all of the shares of GVT Participações S.A., or GVT, the controlling shareholder of Global Village Telecom S.A., or Operating…" |
| Partner | Global Village Telecom | "On September 18, 2014, we entered into a stock purchase agreement with Vivendi S.A. to acquire all of the shares of GVT Participações S.A., or GVT, the controlling shareholder of Global Village Telecom S.A., or Operating…" |
| Partner | TIM | "In 2019, we entered into a network sharing agreement with TIM for 2G, 3G and 4G technologies, which sought to expand our network and create synergies." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.39 | $1.37 | +1.6% | $15.91B | 1 |
| Next quarter (ends 2026-12-31) | $1.60 | $1.63 | -1.7% | $16.65B | 1 |
| Current fiscal year (ends 2026-12-31) | $4.77 | $4.36 | +9.2% | $63.72B | 3 |
| Next fiscal year (ends 2027-12-31) | $5.37 | $5.34 | +0.5% | $67.14B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-10): ±24.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 65.0% | ±24.8% |
| 2027-02-19 | 119 | 50.1% | ±21.8% |