Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.4%
  • 3M8.1%
  • 1Y1.5%
  • YTD5.5%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.4%, driven by TELUS declining 1.6%. Over the last year, the industry has been flat overall. In the next few years, earnings are forecast to decline by 2.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Mar 2026CA$77.8bCA$56.4bCA$8.7b9.6x9x1.4x
Thu, 12 Feb 2026CA$77.9bCA$56.4bCA$8.7b9.3x9x1.4x
Sat, 10 Jan 2026CA$74.5bCA$56.5bCA$8.6b8.9x8.7x1.3x
Mon, 08 Dec 2025CA$74.5bCA$56.5bCA$8.6b8.8x8.7x1.3x
Wed, 05 Nov 2025CA$74.8bCA$56.4bCA$2.6b13x29x1.3x
Fri, 03 Oct 2025CA$77.9bCA$56.4bCA$2.6b13.6x30.1x1.4x
Sun, 31 Aug 2025CA$79.6bCA$56.4bCA$2.6b12.4x30.7x1.4x
Tue, 29 Jul 2025CA$77.8bCA$56.2bCA$2.8b12x28.2x1.4x
Thu, 26 Jun 2025CA$74.4bCA$56.3bCA$2.8b12.9x27x1.3x
Sat, 24 May 2025CA$73.5bCA$56.3bCA$2.8b11.4x26.7x1.3x
Mon, 21 Apr 2025CA$71.3bCA$56.3bCA$2.3b11.6x31x1.3x
Wed, 19 Mar 2025CA$75.5bCA$56.2bCA$2.3b11.2x32.4x1.3x
Fri, 14 Feb 2025CA$74.1bCA$57.2bCA$2.3b10.1x32.7x1.3x
Sun, 12 Jan 2025CA$71.8bCA$56.8bCA$2.2b9.4x32.8x1.3x
Tue, 10 Dec 2024CA$80.7bCA$56.8bCA$2.2b10.1x36.8x1.4x
Thu, 07 Nov 2024CA$81.2bCA$56.9bCA$3.9b10x20.7x1.4x
Sat, 05 Oct 2024CA$87.9bCA$56.9bCA$3.9b10x22.3x1.5x
Mon, 02 Sep 2024CA$87.4bCA$56.9bCA$3.9b9.3x22.2x1.5x
Wed, 31 Jul 2024CA$85.6bCA$57.0bCA$3.8b9x22.7x1.5x
Fri, 28 Jun 2024CA$81.4bCA$57.0bCA$3.7b9.2x21.7x1.4x
Sun, 26 May 2024CA$85.1bCA$57.0bCA$3.7b9.5x22.7x1.5x
Tue, 23 Apr 2024CA$83.2bCA$56.9bCA$4.1b9.8x20.1x1.5x
Thu, 21 Mar 2024CA$83.6bCA$54.0bCA$3.8b10.9x22.1x1.5x
Sat, 17 Feb 2024CA$89.4bCA$53.6bCA$3.8b11.5x23.6x1.7x
Mon, 15 Jan 2024CA$94.6bCA$53.5bCA$3.9b12.5x24.3x1.8x
Wed, 13 Dec 2023CA$94.7bCA$53.5bCA$3.9b11.8x24.3x1.8x
Fri, 10 Nov 2023CA$91.8bCA$53.2bCA$3.9b12.1x23.7x1.7x
Sun, 08 Oct 2023CA$87.8bCA$52.8bCA$4.3b15.8x20.6x1.7x
Tue, 05 Sep 2023CA$87.5bCA$44.9bCA$3.6b25.9x24.5x1.9x
Thu, 03 Aug 2023CA$85.3bCA$44.1bCA$4.0b23.1x21.5x1.9x
Sat, 01 Jul 2023CA$93.1bCA$44.1bCA$4.0b25.8x23.4x2.1x
Mon, 29 May 2023CA$95.1bCA$44.1bCA$4.0b26.3x23.9x2.2x
Wed, 26 Apr 2023CA$100.7bCA$43.3bCA$4.3b25.4x23.4x2.3x
Fri, 24 Mar 2023CA$94.4bCA$43.2bCA$4.3b22.1x21.8x2.2x
Price to Earnings Ratio

21.8x


Total Market Cap: CA$94.4bTotal Earnings: CA$4.3bTotal Revenue: CA$43.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 23.8x202420252026
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 9.0x which is lower than its 3-year average PE of 23.8x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 9.2% 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-1.85%
Telecom-2.04%
Telecom Services and Carriers-1.35%
Alternative Carriers0%0
Integrated Telecom Services-1.35%
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 23.9x.
    • Analysts are expecting annual earnings decline of 2.4%, which is lower than the prior year's growth of 12.1% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 23.9x.
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 2.4% 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 12% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings decline by 2.4% 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$35.420.7%
+CA$242.5m		4.6%PE5.2x
CCA Cogeco CommunicationsCA$71.550.1%
+CA$3.4m		5.4%PE9.7x
USS Uniserve CommunicationsCA$0.631.6%
+CA$390.7k		125.0%PS3.2x

Latest News

CCA
CA$71.55
Cogeco Communications
7D
0.1%
1Y
5.4%
CGO
CA$71.87
Cogeco
7D
-0.04%
1Y
15.8%
T
CA$18.29
TELUS
7D
-1.6%
1Y
-14.7%

T: Quantum Networking And Space Connectivity Will Support Future Upside Potential

Analysts have slightly reduced their fair value estimate for TELUS, with the implied price target moving from about CA$21.44 to roughly CA$21.26 as they refresh their assumptions on discount rates, long term revenue growth, profit margins, and forward P/E expectations. What's in the News TELUS plans to partner with AST SpaceMobile to offer space based cellular broadband across remote parts of Canada.
BCE
CA$35.42
BCE
7D
0.7%
1Y
4.6%

BCE: Fair Outlook Balances 2026 Guidance With Tight Range Rating Revisions

Analysts have inched their average price target on BCE higher to CA$40, with small tweaks to discount rate and P/E assumptions. These adjustments reflect updated views on risk and valuation inputs rather than big shifts in the core earnings outlook.
QBR.A
CA$58.25
Quebecor
7D
-1.8%
1Y
61.4%
USS
CA$0.63
Uniserve Communications
7D
1.6%
1Y
125.0%
ADYA
CA$0.23
Adya
7D
-8.0%
1Y
2.2%