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Canadian (TSX) Telecom Sector Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies29
  • 7D-3.1%
  • 3M-5.7%
  • 1Y4.1%
  • YTD-1.8%

Over the last 7 days, the Telecom industry has dropped 2.7%, driven by a pullback from Rogers Communications of 7.1%. Over the past 12 months, the industry was up 4.1%. Looking forward, earnings are forecast to decline by 8.3% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026CA$102.9bCA$81.3bCA$15.5b7.9x6.6x1.3x
Mon, 25 May 2026CA$106.4bCA$81.2bCA$15.5b7.3x6.8x1.3x
Wed, 22 Apr 2026CA$99.9bCA$80.6bCA$15.5b8.4x6.4x1.2x
Fri, 20 Mar 2026CA$109.5bCA$80.7bCA$15.4b9.9x7.1x1.4x
Sun, 15 Feb 2026CA$108.8bCA$81.0bCA$15.4b13x7.1x1.3x
Tue, 13 Jan 2026CA$104.5bCA$80.2bCA$15.1b11.7x6.9x1.3x
Thu, 11 Dec 2025CA$102.9bCA$80.2bCA$15.1b11.7x6.8x1.3x
Sat, 08 Nov 2025CA$106.3bCA$79.9bCA$14.9b8.7x7.2x1.3x
Mon, 06 Oct 2025CA$105.9bCA$79.7bCA$3.8b10.7x27.5x1.3x
Wed, 03 Sep 2025CA$108.4bCA$79.7bCA$3.8b11.7x28.8x1.4x
Fri, 01 Aug 2025CA$103.8bCA$79.7bCA$3.9b12.1x26.5x1.3x
Sun, 29 Jun 2025CA$97.3bCA$79.6bCA$4.2b11.7x23.4x1.2x
Tue, 27 May 2025CA$95.1bCA$79.6bCA$4.1b9.5x23.1x1.2x
Thu, 24 Apr 2025CA$93.6bCA$79.6bCA$3.6b10.7x25.7x1.2x
Sat, 22 Mar 2025CA$98.5bCA$79.6bCA$3.7b11.8x26.9x1.2x
Mon, 17 Feb 2025CA$101.1bCA$80.2bCA$3.6b10.4x28.2x1.3x
Wed, 15 Jan 2025CA$95.9bCA$79.9bCA$3.3b10.3x28.7x1.2x
Fri, 13 Dec 2024CA$105.2bCA$80.0bCA$3.3b10.8x31.5x1.3x
Sun, 10 Nov 2024CA$109.7bCA$80.3bCA$3.3b10.8x33.5x1.4x
Tue, 08 Oct 2024CA$117.8bCA$80.2bCA$4.4b9.9x26.7x1.5x
Thu, 05 Sep 2024CA$119.5bCA$80.2bCA$4.4b9.6x26.9x1.5x
Sat, 03 Aug 2024CA$117.9bCA$80.4bCA$4.5b7.9x26.4x1.5x
Mon, 01 Jul 2024CA$110.0bCA$81.8bCA$3.5b8.6x31.2x1.3x
Wed, 29 May 2024CA$116.2bCA$81.8bCA$3.6b9.5x32.3x1.4x
Fri, 26 Apr 2024CA$113.7bCA$82.3bCA$3.7b10.5x30.8x1.4x
Sun, 24 Mar 2024CA$117.0bCA$81.4bCA$4.0b11.1x29x1.4x
Tue, 20 Feb 2024CA$128.0bCA$81.1bCA$4.0b11.5x31.6x1.6x
Thu, 18 Jan 2024CA$154.9bCA$85.4bCA$5.0b12.7x31.2x1.8x
Sat, 16 Dec 2023CA$151.9bCA$85.4bCA$5.0b11.6x30.3x1.8x
Mon, 13 Nov 2023CA$147.4bCA$86.2bCA$5.4b11.8x27.1x1.7x
Wed, 11 Oct 2023CA$142.1bCA$84.1bCA$5.8b10.5x24.4x1.7x
Fri, 08 Sep 2023CA$147.2bCA$84.1bCA$5.8b11.2x25.2x1.8x
Sun, 06 Aug 2023CA$149.4bCA$83.9bCA$6.4b10.8x23.5x1.8x
Tue, 04 Jul 2023CA$160.0bCA$81.8bCA$7.3b9.7x22x2x
Price to Earnings Ratio

22x


Total Market Cap: CA$160.0bTotal Earnings: CA$7.3bTotal Revenue: CA$81.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 23.1x202420252026
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 6.7x which is lower than its 3-year average PE of 23.1x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 29% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CA Market-0.37%
Telecom-3.07%
Interactive Media and Services1.41%
Telecom Services and Carriers-1.97%
Entertainment-2.31%
Media-3.42%
Wireless Telecom-6.00%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 64.9%, which is higher than its past year's earnings decline of 58.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 97% over the next 5 years.
  • This is better than its past earnings growth rate of 3.7% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 30% 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
CCA Cogeco CommunicationsCA$64.350.8%
+CA$21.0m		-7.0%PE8.6x
Y Yellow PagesCA$12.935.1%
+CA$8.7m		14.3%PE10.3x
INIK IonikCA$0.07536.4%
+CA$7.2m		-37.5%PS0.1x
EAGR East Side Games GroupCA$0.0823.1%
+CA$1.6m		-82.6%PS0.1x
SPN Snipp InteractiveCA$0.04512.5%
+CA$1.4m		-35.7%PS0.4x

Latest News

RCI.B
CA$49.53
Rogers Communications
7D
-6.0%
1Y
24.2%
SPN
CA$0.045
Snipp Interactive
7D
12.5%
1Y
-35.7%
EAGR
CA$0.08
East Side Games Group
7D
23.1%
1Y
-82.6%
CCA
CA$64.35
Cogeco Communications
7D
0.8%
1Y
-7.0%
Narrative Update • Jun 24

CCA: Weaker U.S. Outlook And Wireless Rollout Will Shape Fairly Valued Shares

Cogeco Communications' analyst price target has been trimmed by CA$3, as analysts factor in weaker U.S. results and softer sentiment, as reflected in recent research updates from several banks. Analyst Commentary Recent research updates on Cogeco Communications point to a more cautious stance, with several bearish analysts trimming price targets and flagging weaker U.S. results and softer sentiment as key drivers of their revisions.
T
CA$15.72
TELUS
7D
-3.7%
1Y
-27.5%
Narrative Update • Jun 23

T: AI Infrastructure Expansion And Ontario Investment Will Support Future Upside Potential

Analysts have maintained their CA$20.28 price target on TELUS. The slight adjustment in discount rate and future P/E assumptions reflects updated views on the company's risk profile and valuation inputs, rather than a change in overall fair value.
WILD
CA$1.18
WildBrain
7D
-2.5%
1Y
-43.5%
Narrative Update • Jun 22

WILD: Share Buyback Will Support Future Upside Despite Softer Outlook

WildBrain's analyst price target has been revised to CA$2.00, with analysts pointing to updated assumptions for the discount rate, revenue growth, profit margin, and future P/E as the key drivers behind this recalibration. What's in the News for WildBrain The Board of Directors of WildBrain Ltd.
BCE
CA$32.53
BCE
7D
-0.6%
1Y
8.8%
Analysis Article • Jun 20

BCE (TSX:BCE) Stock Could Be 12.7% Undervalued After Its New AI Alliance

BCE (TSX:BCE) is back in focus after Bell Canada announced a new AI infrastructure alliance with Cohere, Hypertec and BUZZ High Performance Computing, centered on Canadian-built hardware and sovereign data centre capacity. See our latest analysis for BCE. Despite the AI alliance headlines, BCE’s share price has been under pressure recently. The stock is down over the past week and quarter, while the 1-year total shareholder return of 15.58% contrasts with weaker multi year results. This...
RAY
CA$14.86
Stingray Group
7D
-3.9%
1Y
49.5%
QYOU
CA$0.33
QYOU Media
7D
4.8%
1Y
-9.7%
CGX
CA$11.61
Cineplex
7D
-1.1%
1Y
1.4%
CJR.B
CA$0.04
Corus Entertainment
7D
14.3%
1Y
-60.0%
VRTS
CA$0.005
Vertiqal Studios
7D
-50.0%
1Y
-75.0%
EQ
CA$0.95
EQ
7D
1.1%
1Y
-2.1%
QBR.A
CA$67.72
Quebecor
7D
-2.3%
1Y
65.6%
Y
CA$12.93
Yellow Pages
7D
5.1%
1Y
14.3%
INIK
CA$0.075
Ionik
7D
36.4%
1Y
-37.5%