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Telefonica Brasil ( (VIV) ) just unveiled an announcement.
On February 20, 2026, Telefônica Brasil’s board terminated the share buyback program that had been in place since February 25, 2025, under which 49,613,856 common shares were repurchased and partly canceled in July 2025, with the remaining balance available to be held in treasury, canceled or sold. At the same meeting, the board approved a new share repurchase program running from February 23, 2026, to February 22, 2027, authorizing the purchase of up to 42,861,656 common shares on B3 at market prices, with up to R$1.0 billion in statutory profit reserves and current-year profits earmarked for the plan.
The new program is designed to use Telefônica Brasil’s excess cash to optimize capital allocation and increase shareholder value without reducing the company’s capital stock, reinforcing a shareholder-friendly stance within the Brazilian telecom sector. Multiple major brokerages, including units of Bradesco, BTG Pactual, Citigroup, Itaú and Morgan Stanley, will intermediate the buybacks, signaling continued active management of the company’s equity base and potentially supporting the stock’s liquidity and pricing in the coming year.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Spark’s Take on VIV Stock
According to Spark, TipRanks’ AI Analyst, VIV is a Outperform.
Telefonica Brasil’s strong financial performance and positive technical indicators are the primary drivers of the stock’s high score. The earnings call further supports this with robust growth in key areas and a commitment to shareholder value. Valuation is reasonable, though not a standout factor. Prepaid revenue challenges are a minor concern.
To see Spark’s full report on VIV stock, click here.
More about Telefonica Brasil
Telefônica Brasil, which trades as VIVT3 on B3 and VIV on the NYSE, is a major Brazilian telecommunications operator providing mobile, fixed-line, broadband and related digital services across the country. The company focuses on consumer and corporate connectivity, and uses capital allocation tools such as share repurchase programs to enhance returns for its shareholder base in Brazil and abroad.
Average Trading Volume: 854,332
Technical Sentiment Signal: Buy
Current Market Cap: $25.04B
For an in-depth examination of VIV stock, go to TipRanks’ Overview page.