| RECOMMENDATION |
% |
| Buy |
42.1% |
| Hold |
36.8% |
| Sell |
21.1% |
|
| TARGET PRICE |
VIVT3 (ON) | 12M |
VIV (ADR) | 12M |
| Average |
R$ 39.25 |
$ 15.66 |
| Highest |
R$ 50.00 |
$ 20.50 |
| Lowest |
R$ 31.00 |
$ 13.90 |
|
| FINANCIAL INSTITUTION |
ANALYST |
RECOMMENDATION |
VIVT3 (ON) | 12M |
VIV (ADR) | 12M |
| Ativa |
Ilan Arbetman |
Buy |
R$ 38.00 |
– |
| Barclays |
Mathieu Robilliard |
Hold |
– |
$ 16.50 |
| BBVA |
Alejandro Arnedo |
Buy |
R$ 37.00 |
– |
| BofA Merrill Lynch |
Rogerio Araujo |
Sell |
R$ 39.00 |
$ 14.00 |
| Bradesco BBI |
Daniel Federle |
Hold |
R$ 39.00 |
– |
| BTG Pactual |
Carlos Sequeira |
Buy |
R$ 31.00 |
– |
| Citi |
Leandro Bastos |
Hold |
R$ 40.00 |
– |
| Goldman Sachs |
Gustavo Miele |
Sell |
R$ 36.50 |
$ 13.90 |
| HSBC |
Phani Kanumuri |
Buy |
R$ 50.00 |
$ 20.50 |
| Itaú BBA |
Maria Infantozzi |
Hold |
R$ 38.00 |
– |
| Jefferies |
Alex Wright |
Hold |
R$ 38.00 |
$ 14.30 |
| J.P. Morgan |
Marcelo Santos |
Sell |
R$ 33.00 |
– |
| Morgan Stanley |
Cesar Medina |
Hold |
– |
$ 15.00 |
| New Street Research |
Chris Hoare |
Buy |
R$ 49.00 |
– |
| Safra |
Silvio Doria |
Buy |
R$ 42.00 |
– |
| Santander |
Felipe Cheng |
Buy |
R$ 42.00 |
– |
| Scotiabank |
Andres Coello |
Hold |
R$ 38.70 |
$ 15.40 |
| UBS BB |
Leonardo Olmos |
Sell |
R$ 33.00 |
– |
| XPI |
Bernardo Guttman |
Buy |
R$ 43.00 |
– |
The analysts listed above cover Telefônica Brasil. Any opinions, estimates or forecasts regarding performance of Telefônica Brasil made by these analysts are theirs alone and do not represent opinions, estimates or forecasts of Telefônica Brasil or its management. The fact of Telefônica Brasil make reference above or distribution such data does not imply endorsement of or concurrence with such information, conclusions or recommendations.
Updated on June 17, 2026.
