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Canadian (TSX) Telecom Sector Analysis

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies32
  • 7D-2.9%
  • 3M2.7%
  • 1Y-6.0%
  • YTD6.1%

Over the last 7 days, the Telecom industry has dropped 2.9%, driven by pullbacks in BCE and Rogers Communications of 4.3% and 3.7%, respectively. On the other hand QYOU Media is actually up 29%. However, the industry is down 6.0% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Nov 2025CA$106.1bCA$79.8bCA$9.1b9.3x11.7x1.3x
Fri, 03 Oct 2025CA$106.1bCA$79.7bCA$3.8b10.9x27.6x1.3x
Sun, 31 Aug 2025CA$108.4bCA$79.7bCA$3.8b11.7x28.8x1.4x
Tue, 29 Jul 2025CA$105.6bCA$79.7bCA$3.9b12.3x27x1.3x
Thu, 26 Jun 2025CA$98.4bCA$79.6bCA$4.2b11.8x23.7x1.2x
Sat, 24 May 2025CA$95.6bCA$79.6bCA$4.1b9.5x23.3x1.2x
Mon, 21 Apr 2025CA$93.3bCA$79.5bCA$3.6b11.1x25.8x1.2x
Wed, 19 Mar 2025CA$100.2bCA$79.6bCA$3.7b11.2x27.3x1.3x
Fri, 14 Feb 2025CA$98.7bCA$80.5bCA$3.6b10.2x27.5x1.2x
Sun, 12 Jan 2025CA$97.3bCA$79.9bCA$3.3b10.4x29.2x1.2x
Tue, 10 Dec 2024CA$109.4bCA$80.0bCA$3.3b10.9x32.8x1.4x
Thu, 07 Nov 2024CA$110.7bCA$80.3bCA$5.0b11.2x22.1x1.4x
Sat, 05 Oct 2024CA$118.0bCA$80.2bCA$4.4b10x26.8x1.5x
Mon, 02 Sep 2024CA$118.4bCA$80.2bCA$4.4b9.3x26.7x1.5x
Wed, 31 Jul 2024CA$115.7bCA$80.4bCA$4.3b7.7x27.2x1.4x
Fri, 28 Jun 2024CA$110.6bCA$81.8bCA$3.5b8.6x31.3x1.4x
Sun, 26 May 2024CA$115.9bCA$81.8bCA$3.6b9.6x32.3x1.4x
Tue, 23 Apr 2024CA$113.8bCA$81.2bCA$3.9b11.9x28.8x1.4x
Thu, 21 Mar 2024CA$118.9bCA$81.4bCA$4.0b11.1x29.5x1.5x
Sat, 17 Feb 2024CA$126.7bCA$81.1bCA$4.0b11.5x31.3x1.6x
Mon, 15 Jan 2024CA$153.8bCA$85.4bCA$5.0b12.8x30.9x1.8x
Wed, 13 Dec 2023CA$152.5bCA$85.5bCA$5.0b11.8x30.5x1.8x
Fri, 10 Nov 2023CA$146.3bCA$84.6bCA$5.9b12.1x24.8x1.7x
Sun, 08 Oct 2023CA$141.0bCA$84.1bCA$5.8b10.4x24.2x1.7x
Tue, 05 Sep 2023CA$151.1bCA$84.1bCA$5.8b11.8x25.8x1.8x
Thu, 03 Aug 2023CA$149.9bCA$83.1bCA$6.9b10.9x21.7x1.8x
Sat, 01 Jul 2023CA$160.0bCA$81.8bCA$7.3b9.7x22x2x
Mon, 29 May 2023CA$160.9bCA$81.9bCA$7.8b12.8x20.6x2x
Wed, 26 Apr 2023CA$168.5bCA$80.8bCA$8.0b13x21.1x2.1x
Fri, 24 Mar 2023CA$159.8bCA$81.2bCA$8.1b12.9x19.8x2x
Sun, 19 Feb 2023CA$165.5bCA$81.2bCA$8.3b15.1x20.1x2x
Tue, 17 Jan 2023CA$165.7bCA$80.1bCA$8.7b14.6x19.1x2.1x
Thu, 15 Dec 2022CA$160.1bCA$80.1bCA$8.7b13.5x18.3x2x
Sat, 12 Nov 2022CA$160.2bCA$80.3bCA$8.7b9.2x18.3x2x
Price to Earnings Ratio

18.3x


Total Market Cap: CA$160.2bTotal Earnings: CA$8.7bTotal Revenue: CA$80.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 25.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 11.7x which is lower than its 3-year average PE of 25.8x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Communication Services industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Canadian Telecom sector?

CA Market-1.88%
Telecom-2.89%
Media-0.34%
Entertainment-2.27%
Telecom Services and Carriers-2.60%
Interactive Media and Services-2.98%
Wireless Telecom-3.73%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 3.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 94% over the next 5 years.
  • However this is lower than its past earnings growth rate of 166% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 39% 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
QYOU QYOU MediaCA$0.04528.6%
+CA$6.3m		50.0%PS1x
SQG Spackman Equities GroupCA$0.307.0%
+CA$5.1m		n/aPS11.5x
VRTS Vertiqal StudiosCA$0.0320.0%
+CA$3.5m		100.0%PS4.8x
RSS RESAAS ServicesCA$0.367.4%
+CA$2.0m		10.6%PS58.4x
INIK IonikCA$0.0955.6%
+CA$1.8m		-20.8%PS0.1x

Latest News

VRTS
CA$0.03
Vertiqal Studios
7D
20.0%
1Y
100.0%
CJR.B
CA$0.04
Corus Entertainment
7D
-57.9%
1Y
-65.2%
CCA
CA$64.45
Cogeco Communications
7D
-3.1%
1Y
-8.9%

CCA: Margin Improvements And Cost Discipline Will Drive Shareholder Value

Narrative Update on Cogeco Communications Analysts have modestly raised their price target on Cogeco Communications from C$75.00 to C$75.50, citing a slightly improved profit margin outlook despite ongoing revenue headwinds. Analyst Commentary Bullish Takeaways Bullish analysts highlight the company's improved profit margins as a key factor supporting a modest price target increase.
T
CA$20.48
TELUS
7D
-1.8%
1Y
-5.2%
RCI.B
CA$53.67
Rogers Communications
7D
-3.7%
1Y
4.0%

Rogers Communications (TSE:RCI.B) Is Paying Out A Dividend Of CA$0.50

Oct 31
Rogers Communications (TSE:RCI.B) Is Paying Out A Dividend Of CA$0.50
BCE
CA$31.44
BCE
7D
-4.3%
1Y
-21.2%
USS
CA$0.64
Uniserve Communications
7D
6.7%
1Y
884.6%
WILD
CA$1.42
WildBrain
7D
-5.3%
1Y
30.3%
PNC.B
CA$1.00
Postmedia Network Canada
7D
-13.0%
1Y
n/a
QYOU
CA$0.045
QYOU Media
7D
28.6%
1Y
50.0%

Market Might Still Lack Some Conviction On QYOU Media Inc. (CVE:QYOU) Even After 50% Share Price Boost

Sep 30
Market Might Still Lack Some Conviction On QYOU Media Inc. (CVE:QYOU) Even After 50% Share Price Boost
INIK
CA$0.095
Ionik
7D
5.6%
1Y
-20.8%

Further Upside For Ionik Corporation (CVE:INIK) Shares Could Introduce Price Risks After 30% Bounce

Sep 25
Further Upside For Ionik Corporation (CVE:INIK) Shares Could Introduce Price Risks After 30% Bounce
SQG
CA$0.30
Spackman Equities Group
7D
7.0%
1Y
n/a
ADYA
CA$0.46
Adya
7D
-72.1%
1Y
666.7%
RSS
CA$0.36
RESAAS Services
7D
7.4%
1Y
10.6%
BAMI
CA$8.49
Blue Ant Media
7D
0.5%
1Y
n/a
Y
CA$11.24
Yellow Pages
7D
0.9%
1Y
9.7%