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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies6
  • 7D3.4%
  • 3M-1.0%
  • 1Y4.3%
  • YTD4.7%

Over the last 7 days, the Telecom Services and Carriers industry has risen 3.4%, driven by gains from BCE of 4.2%. In the last 12 months, the industry was up 4.3%. As for the next few years, earnings are forecast to decline by 1.3% 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, 27 May 2026CA$77.2bCA$56.5bCA$8.5b8.7x9.1x1.4x
Fri, 24 Apr 2026CA$72.5bCA$56.3bCA$8.7b8.4x8.4x1.3x
Sun, 22 Mar 2026CA$78.4bCA$56.4bCA$8.7b10.1x9x1.4x
Tue, 17 Feb 2026CA$76.8bCA$56.3bCA$8.6b9.3x8.9x1.4x
Thu, 15 Jan 2026CA$74.2bCA$56.5bCA$8.6b8.9x8.6x1.3x
Sat, 13 Dec 2025CA$72.7bCA$56.5bCA$8.6b8.7x8.5x1.3x
Mon, 10 Nov 2025CA$76.7bCA$56.4bCA$8.6b8.5x8.9x1.4x
Wed, 08 Oct 2025CA$76.9bCA$56.4bCA$2.6b13.2x29.7x1.4x
Fri, 05 Sep 2025CA$79.2bCA$56.4bCA$2.6b13x30.6x1.4x
Sun, 03 Aug 2025CA$75.3bCA$56.4bCA$2.5b11.9x29.7x1.3x
Tue, 01 Jul 2025CA$73.5bCA$56.3bCA$2.8b12.3x26.7x1.3x
Thu, 29 May 2025CA$73.5bCA$56.3bCA$2.8b11.4x26.7x1.3x
Sat, 26 Apr 2025CA$71.5bCA$56.3bCA$2.3b11.5x31x1.3x
Mon, 24 Mar 2025CA$72.2bCA$56.2bCA$2.3b11.8x31x1.3x
Wed, 19 Feb 2025CA$76.3bCA$56.9bCA$2.3b9.9x33.7x1.3x
Fri, 17 Jan 2025CA$70.6bCA$56.7bCA$2.2b8.9x32.1x1.2x
Sun, 15 Dec 2024CA$76.6bCA$56.8bCA$2.2b9.8x35x1.3x
Tue, 12 Nov 2024CA$80.7bCA$56.9bCA$2.2b9.9x37.2x1.4x
Thu, 10 Oct 2024CA$87.3bCA$56.9bCA$3.9b9.9x22.2x1.5x
Sat, 07 Sep 2024CA$90.3bCA$56.9bCA$3.9b9.4x22.9x1.6x
Mon, 05 Aug 2024CA$88.6bCA$56.9bCA$4.0b9.1x22.1x1.6x
Wed, 03 Jul 2024CA$81.1bCA$57.0bCA$3.7b9.1x21.7x1.4x
Fri, 31 May 2024CA$84.8bCA$57.0bCA$3.7b9.2x22.6x1.5x
Sun, 28 Apr 2024CA$83.0bCA$56.9bCA$4.1b9.7x20.1x1.5x
Tue, 26 Mar 2024CA$82.2bCA$54.0bCA$3.8b10.9x21.7x1.5x
Thu, 22 Feb 2024CA$91.1bCA$53.6bCA$3.8b11.2x24.1x1.7x
Sat, 20 Jan 2024CA$96.4bCA$53.5bCA$3.9b12.5x24.8x1.8x
Mon, 18 Dec 2023CA$91.1bCA$53.5bCA$3.9b11.7x23.4x1.7x
Wed, 15 Nov 2023CA$91.7bCA$53.5bCA$3.9b11.4x23.5x1.7x
Fri, 13 Oct 2023CA$89.5bCA$52.8bCA$4.3b16x21x1.7x
Sun, 10 Sep 2023CA$91.6bCA$52.8bCA$4.3b16.6x21.5x1.7x
Tue, 08 Aug 2023CA$85.4bCA$44.9bCA$3.4b28.3x24.9x1.9x
Thu, 06 Jul 2023CA$93.5bCA$44.1bCA$4.0b26x23.5x2.1x
Sat, 03 Jun 2023CA$93.8bCA$44.1bCA$4.0b25.7x23.6x2.1x
Price to Earnings Ratio

23.6x


Total Market Cap: CA$93.8bTotal Earnings: CA$4.0bTotal Revenue: CA$44.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.9x202420252026
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 9.1x which is lower than its 3-year average PE of 22.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 8.6% 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 Market2.45%
Telecom3.55%
Telecom Services and Carriers3.40%
Integrated Telecom Services3.40%
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 23.0x.
    • Analysts are expecting annual earnings decline of 1.3%, which is less than its past year's earnings decline of 2.4%.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 23.0x.
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 1.3% per year over the next 5 years, which isn't as bad as the other industries.
  • This is an improvement from its past earnings decline of 2.4% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
QBR.A QuebecorCA$71.899.6%
+CA$1.4b		89.2%PE18.2x
BCE BCECA$34.304.0%
+CA$1.2b		15.6%PE5.1x
T TELUSCA$17.322.2%
+CA$582.4m		-22.0%PE29.4x
CCA Cogeco CommunicationsCA$65.092.0%
+CA$54.6m		-4.1%PE8.7x
CGO CogecoCA$64.632.9%
+CA$17.2m		1.0%PE7.3x

Latest News

BCE
CA$34.30
BCE
7D
4.0%
1Y
15.6%
QBR.A
CA$71.89
Quebecor
7D
9.6%
1Y
89.2%
USS
CA$0.63
Uniserve Communications
7D
-3.1%
1Y
90.9%
T
CA$17.32
TELUS
7D
2.2%
1Y
-22.0%
CCA
CA$65.09
Cogeco Communications
7D
2.0%
1Y
-4.1%
Narrative Update • May 08

CCA: Mixed Ratings And New U.S. Push Will Shape Return Prospects

Cogeco Communications' updated fair value estimate edges down by about CA$2.40, reflecting analysts' lower price targets, mixed views on sentiment and recent U.S. results, and at least one recent upgrade that partly offsets these factors. Analyst Commentary Recent research on Cogeco Communications reflects a mix of lowered price targets and rating changes, with one upgrade helping to support the updated fair value estimate.
CGO
CA$64.63
Cogeco
7D
2.9%
1Y
1.0%