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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies6
  • 7D-0.2%
  • 3M-6.6%
  • 1Y-8.8%
  • YTD2.0%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat. As for the longer term, the industry has declined 8.8% in the last year. As for the next few years, earnings are forecast to decline by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Dec 2025CA$74.6bCA$56.5bCA$8.6b8.8x8.7x1.3x
Fri, 31 Oct 2025CA$75.7bCA$56.4bCA$2.6b13.1x29.3x1.3x
Sun, 28 Sep 2025CA$76.7bCA$56.4bCA$2.6b12.6x29.6x1.4x
Tue, 26 Aug 2025CA$80.7bCA$56.4bCA$2.6b12.1x31.2x1.4x
Thu, 24 Jul 2025CA$77.6bCA$56.2bCA$2.8b12.7x28.2x1.4x
Sat, 21 Jun 2025CA$73.8bCA$56.3bCA$2.8b12.1x26.8x1.3x
Mon, 19 May 2025CA$73.7bCA$56.3bCA$2.8b11.7x26.7x1.3x
Wed, 16 Apr 2025CA$70.2bCA$56.3bCA$2.3b11x30.5x1.2x
Fri, 14 Mar 2025CA$78.6bCA$56.9bCA$2.4b10.2x33.1x1.4x
Sun, 09 Feb 2025CA$72.0bCA$56.7bCA$2.2b9.5x32.8x1.3x
Tue, 07 Jan 2025CA$73.4bCA$56.8bCA$2.2b9.5x33.5x1.3x
Thu, 05 Dec 2024CA$80.7bCA$56.8bCA$2.2b9.9x36.8x1.4x
Sat, 02 Nov 2024CA$86.4bCA$56.9bCA$3.9b9.9x22x1.5x
Mon, 30 Sep 2024CA$89.9bCA$56.9bCA$3.9b10x22.8x1.6x
Wed, 28 Aug 2024CA$87.8bCA$56.9bCA$3.9b9.3x22.3x1.5x
Fri, 26 Jul 2024CA$84.8bCA$57.0bCA$3.8b9.1x22.5x1.5x
Sun, 23 Jun 2024CA$82.8bCA$57.0bCA$3.7b9.3x22.1x1.5x
Tue, 21 May 2024CA$86.7bCA$57.0bCA$3.7b10.2x23.1x1.5x
Thu, 18 Apr 2024CA$82.6bCA$56.9bCA$4.1b9.9x20x1.5x
Sat, 16 Mar 2024CA$83.5bCA$54.0bCA$3.8b11.3x22x1.5x
Mon, 12 Feb 2024CA$89.6bCA$53.5bCA$3.7b12.2x23.9x1.7x
Wed, 10 Jan 2024CA$94.4bCA$53.5bCA$3.9b12.8x24.2x1.8x
Fri, 08 Dec 2023CA$96.8bCA$53.5bCA$3.9b11.9x24.8x1.8x
Sun, 05 Nov 2023CA$93.8bCA$53.3bCA$3.8b12.2x24.6x1.8x
Tue, 03 Oct 2023CA$88.1bCA$52.8bCA$4.3b15.7x20.6x1.7x
Thu, 31 Aug 2023CA$88.7bCA$44.9bCA$3.6b26.2x24.8x2x
Sat, 29 Jul 2023CA$87.3bCA$44.1bCA$4.0b23.6x22x2x
Mon, 26 Jun 2023CA$91.0bCA$44.1bCA$4.0b25.3x22.9x2.1x
Wed, 24 May 2023CA$96.9bCA$44.1bCA$4.0b26.9x24.4x2.2x
Fri, 21 Apr 2023CA$99.9bCA$43.3bCA$4.3b25.3x23.3x2.3x
Sun, 19 Mar 2023CA$93.7bCA$43.2bCA$4.3b22x21.6x2.2x
Tue, 14 Feb 2023CA$95.4bCA$43.2bCA$4.3b22.3x22.1x2.2x
Thu, 12 Jan 2023CA$95.4bCA$42.5bCA$4.8b18.9x19.8x2.2x
Sat, 10 Dec 2022CA$98.4bCA$42.5bCA$4.8b16.7x20.4x2.3x
Price to Earnings Ratio

20.4x


Total Market Cap: CA$98.4bTotal Earnings: CA$4.8bTotal Revenue: CA$42.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 24.9x202320242025
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 8.7x which is lower than its 3-year average PE of 24.9x.
  • The 3-year average PS ratio of 1.7x 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 21% per year over the last three years.
  • Revenues for these companies have grown 10.0% 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 Market2.23%
Telecom0.20%
Telecom Services and Carriers-0.22%
Alternative Carriers0%0
Integrated Telecom Services-0.22%
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 25.1x.
    • Analysts are expecting annual earnings decline of 14.0%, 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 25.1x.
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 14% 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 14% 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$32.911.4%
+CA$410.3m		-14.4%PE5x
TGO TeraGoCA$0.802.6%
+CA$779.9k		-37.5%PS1.2x

Latest News

QBR.A
CA$51.95
Quebecor
7D
-1.0%
1Y
43.3%

Quebecor Inc.'s (TSE:QBR.A) Business Is Trailing The Market But Its Shares Aren't

Dec 02
Quebecor Inc.'s (TSE:QBR.A) Business Is Trailing The Market But Its Shares Aren't
CCA
CA$67.35
Cogeco Communications
7D
-1.2%
1Y
-6.6%

CCA: Dividend Increase And Québec Rollout Will Drive Steady Performance Ahead

Analysts have increased their price target for Cogeco Communications by C$0.50 to C$75.50, reflecting updated estimates for discount rate and profit margin. Analyst Commentary Analyst perspectives on Cogeco Communications reflect a balanced view, with recent adjustments to the price target incorporating both supportive and cautionary factors related to the company's outlook.
BCE
CA$32.91
BCE
7D
1.4%
1Y
-14.4%

BCE: Share Price Will Rise On Improved Outlook And Recent Upgrades

The analyst price target for BCE has increased modestly, with several firms now seeing improved growth prospects and balance sheet strength. This has led to higher targets such as C$37 from C$35, as analysts cite greater confidence in the company's outlook through 2028.
T
CA$18.12
TELUS
7D
-0.9%
1Y
-17.8%

T: Rising Discount Rate Will Drive Long-Term Opportunity With New Developments

Analyst Price Target for TELUS Adjusted Slightly Lower Analysts have revised their fair value estimate for TELUS, reducing the price target from $23.38 to $22.97. This change is due to updated assumptions regarding discount rates and future profitability.
TGO
CA$0.80
TeraGo
7D
2.6%
1Y
-37.5%
CGO
CA$63.85
Cogeco
7D
-0.5%
1Y
1.0%