Telefônica Brasil: Valuation Remains Attractive Despite The Rally

Core Viewpoint - The analysis suggests maintaining positions in Telefônica Brasil due to its defensive profile, leadership in postpaid and fiber services, and attractive dividend policy [1] Company Analysis - Telefônica Brasil is recognized for its strong position in the postpaid market and fiber services, which are critical for its competitive advantage [1] - The company's dividend policy is highlighted as a significant factor for investors, indicating a commitment to returning value to shareholders [1] Investment Strategy - The investment approach focuses on value companies with solid long-term potential, which aligns with the characteristics of Telefônica Brasil [1]