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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies6
  • 7D0.02%
  • 3M2.3%
  • 1Y1.9%
  • YTD4.3%

In the last week, the Telecom Services and Carriers industry is flat overall, with Cogeco Communications standing out by going down 9.2%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to decline by 17% per year.

Industry Valuation and Performance

Has the Canadian Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026CA$75.8bCA$56.4bCA$8.6b8.9x8.8x1.3x
Mon, 29 Dec 2025CA$71.6bCA$56.5bCA$8.6b8.6x8.4x1.3x
Wed, 26 Nov 2025CA$74.1bCA$56.5bCA$8.6b8.9x8.6x1.3x
Fri, 24 Oct 2025CA$77.5bCA$56.4bCA$2.6b13x29.9x1.4x
Sun, 21 Sep 2025CA$76.6bCA$56.4bCA$2.6b12.6x29.6x1.4x
Tue, 19 Aug 2025CA$80.3bCA$56.4bCA$2.6b12.5x31x1.4x
Thu, 17 Jul 2025CA$77.6bCA$56.2bCA$2.8b12.7x28.1x1.4x
Sat, 14 Jun 2025CA$75.3bCA$56.3bCA$2.8b12x27.3x1.3x
Mon, 12 May 2025CA$75.6bCA$56.3bCA$2.7b11.8x27.6x1.3x
Wed, 09 Apr 2025CA$71.6bCA$56.2bCA$2.3b11.2x30.8x1.3x
Fri, 07 Mar 2025CA$77.3bCA$56.9bCA$2.4b9.6x32.5x1.4x
Sun, 02 Feb 2025CA$75.2bCA$56.7bCA$2.2b9.2x34.2x1.3x
Tue, 31 Dec 2024CA$70.9bCA$56.8bCA$2.2b9.2x32.4x1.2x
Thu, 28 Nov 2024CA$78.1bCA$56.8bCA$2.2b9.4x35.7x1.4x
Sat, 26 Oct 2024CA$87.6bCA$56.9bCA$3.9b10x22.2x1.5x
Mon, 23 Sep 2024CA$89.7bCA$56.9bCA$3.9b9.7x22.8x1.6x
Wed, 21 Aug 2024CA$87.1bCA$56.9bCA$3.9b9.4x22.1x1.5x
Fri, 19 Jul 2024CA$84.3bCA$57.0bCA$3.8b9x22.3x1.5x
Sun, 16 Jun 2024CA$83.4bCA$57.0bCA$3.7b9.2x22.3x1.5x
Tue, 14 May 2024CA$85.7bCA$57.0bCA$3.7b9.9x22.9x1.5x
Thu, 11 Apr 2024CA$84.5bCA$56.9bCA$4.1b9.3x20.4x1.5x
Sat, 09 Mar 2024CA$87.9bCA$54.0bCA$3.8b11.1x23.2x1.6x
Mon, 05 Feb 2024CA$92.4bCA$53.5bCA$3.9b12.4x23.8x1.7x
Wed, 03 Jan 2024CA$93.1bCA$53.5bCA$3.9b12.5x23.9x1.7x
Fri, 01 Dec 2023CA$91.9bCA$53.5bCA$3.9b11.4x23.6x1.7x
Sun, 29 Oct 2023CA$86.9bCA$52.8bCA$4.3b15.6x20.3x1.6x
Tue, 26 Sep 2023CA$90.2bCA$52.8bCA$4.3b16.2x21.1x1.7x
Thu, 24 Aug 2023CA$84.8bCA$44.9bCA$3.6b25x23.7x1.9x
Sat, 22 Jul 2023CA$90.1bCA$44.1bCA$4.0b24.8x22.7x2x
Mon, 19 Jun 2023CA$92.9bCA$44.1bCA$4.0b25.7x23.4x2.1x
Wed, 17 May 2023CA$98.3bCA$44.1bCA$4.0b27.5x24.8x2.2x
Fri, 14 Apr 2023CA$100.1bCA$43.3bCA$4.3b25.4x23.3x2.3x
Sun, 12 Mar 2023CA$92.9bCA$43.2bCA$4.3b21.7x21.5x2.1x
Tue, 07 Feb 2023CA$97.7bCA$42.7bCA$4.7b20.5x20.7x2.3x
Price to Earnings Ratio

20.7x


Total Market Cap: CA$97.7bTotal Earnings: CA$4.7bTotal Revenue: CA$42.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 24.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Telecom 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 8.8x which is lower than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 9.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market-3.80%
Telecom0.45%
Telecom Services and Carriers0.019%
Integrated Telecom Services0.019%
Alternative Carriers0%0
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 24.5x.
    • Analysts are expecting annual earnings decline of 16.5%, which is lower than the prior year's growth of 14.8% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 24.5x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Integrated Telecom Services industry since they expect its earnings to decline by only 17% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 15% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings decline by 17% 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
BCE BCECA$35.202.0%
+CA$634.1m		1.7%PE5.3x
TGO TeraGoCA$0.9518.8%
+CA$5.9m		-13.6%PS1.4x
USS Uniserve CommunicationsCA$0.653.2%
+CA$765.6k		160.0%PS3.3x

Latest News

USS
CA$0.65
Uniserve Communications
7D
3.2%
1Y
160.0%
TGO
CA$0.95
TeraGo
7D
18.8%
1Y
-13.6%
CCA
CA$65.63
Cogeco Communications
7D
-9.2%
1Y
7.3%

CCA: Future Revenue Pressures And Higher Margins Will Shape Fairly Valued Shares

Analysts have increased their fair value estimate for Cogeco Communications to $67 from $64. They cite recent price target increases, slightly less severe revenue contraction assumptions, firmer profit margin expectations near 13%, and a lower future P/E multiple closer to 9.8x in their updated models.
T
CA$19.00
TELUS
7D
-0.05%
1Y
-9.9%

T: Quantum-Safe Security And Share Buybacks Will Support Future Upside Potential

Analysts have slightly trimmed their TELUS fair value estimate from $22.00 to about $21.71, reflecting modest tweaks to discount rate assumptions, revenue growth expectations, profit margin outlook, and future P/E inputs. What's in the News kini mobile partnered with TELUS to launch Made for Pinoys 5G prepaid plans, offering Filipino-Canadians one plan with both Philippine and Canadian numbers, international calling and texting, GCash cashbacks, and Pinoy customer support on TELUS' 5G network.
BCE
CA$35.20
BCE
7D
2.0%
1Y
1.7%

BCE: Modest Discount Rate Shift Supports Multiyear Outlook And Post Selloff Opportunity

Analysts have made a modest downward adjustment to their BCE price target to about C$40.75. This reflects slightly higher discount rate assumptions and some pressure on profit margins, even as revenue growth expectations and future P/E estimates remain relatively steady.
CGO
CA$66.78
Cogeco
7D
-7.4%
1Y
25.3%
QBR.A
CA$49.00
Quebecor
7D
-2.3%
1Y
49.4%

Returns On Capital At Quebecor (TSE:QBR.A) Have Hit The Brakes

Jan 21
Returns On Capital At Quebecor (TSE:QBR.A) Have Hit The Brakes
ADYA
CA$0.31
Adya
7D
-1.6%
1Y
n/a