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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.5%
  • 3M-4.5%
  • 1Y-1.8%
  • YTD0.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.5%, driven by TELUS declining 2.9%. Over the last year, the industry has been flat overall. In the next few years, earnings are forecast to decline by 1.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026CA$74.5bCA$56.5bCA$8.5b8.5x8.8x1.3x
Sat, 23 May 2026CA$76.2bCA$56.5bCA$8.5b8.7x9x1.3x
Mon, 20 Apr 2026CA$73.4bCA$56.3bCA$8.7b8.5x8.5x1.3x
Wed, 18 Mar 2026CA$78.5bCA$56.4bCA$8.7b9.9x9.1x1.4x
Fri, 13 Feb 2026CA$77.6bCA$56.4bCA$8.7b9.3x8.9x1.4x
Sun, 11 Jan 2026CA$74.8bCA$56.5bCA$8.6b8.9x8.7x1.3x
Tue, 09 Dec 2025CA$74.5bCA$56.5bCA$8.6b8.7x8.7x1.3x
Thu, 06 Nov 2025CA$74.3bCA$56.4bCA$2.6b13.6x28.8x1.3x
Sat, 04 Oct 2025CA$77.3bCA$56.4bCA$2.6b13.6x29.9x1.4x
Mon, 01 Sep 2025CA$79.6bCA$56.4bCA$2.6b12.4x30.7x1.4x
Wed, 30 Jul 2025CA$76.6bCA$56.2bCA$2.8b12x27.8x1.4x
Fri, 27 Jun 2025CA$74.2bCA$56.3bCA$2.8b12.5x26.9x1.3x
Sun, 25 May 2025CA$73.2bCA$56.3bCA$2.8b11.4x26.6x1.3x
Tue, 22 Apr 2025CA$71.3bCA$56.3bCA$2.3b11.6x31x1.3x
Thu, 20 Mar 2025CA$75.7bCA$56.2bCA$2.3b11.2x32.5x1.3x
Sat, 15 Feb 2025CA$75.9bCA$56.9bCA$2.3b9.8x33.5x1.3x
Mon, 13 Jan 2025CA$71.8bCA$56.8bCA$2.2b9.4x32.8x1.3x
Wed, 11 Dec 2024CA$80.9bCA$56.8bCA$2.2b9.9x36.9x1.4x
Fri, 08 Nov 2024CA$80.5bCA$56.9bCA$3.9b9.7x20.5x1.4x
Sun, 06 Oct 2024CA$87.5bCA$56.9bCA$3.9b10x22.2x1.5x
Tue, 03 Sep 2024CA$87.4bCA$56.9bCA$3.9b9.3x22.2x1.5x
Thu, 01 Aug 2024CA$86.6bCA$57.0bCA$3.8b9.3x22.9x1.5x
Sat, 29 Jun 2024CA$81.2bCA$57.0bCA$3.7b9.1x21.7x1.4x
Mon, 27 May 2024CA$85.1bCA$57.0bCA$3.7b9.5x22.7x1.5x
Wed, 24 Apr 2024CA$84.3bCA$56.9bCA$4.1b10x20.4x1.5x
Fri, 22 Mar 2024CA$83.8bCA$54.0bCA$3.8b10.9x22.1x1.6x
Sun, 18 Feb 2024CA$90.3bCA$53.6bCA$3.8b11.5x23.9x1.7x
Tue, 16 Jan 2024CA$95.8bCA$53.5bCA$3.9b12.8x24.6x1.8x
Thu, 14 Dec 2023CA$94.7bCA$53.5bCA$3.9b11.9x24.3x1.8x
Sat, 11 Nov 2023CA$92.0bCA$53.5bCA$3.9b11.8x23.6x1.7x
Mon, 09 Oct 2023CA$87.8bCA$52.8bCA$4.3b15.8x20.6x1.7x
Wed, 06 Sep 2023CA$94.4bCA$52.8bCA$4.3b16.8x22.1x1.8x
Fri, 04 Aug 2023CA$84.7bCA$44.3bCA$3.7b23.1x22.7x1.9x
Sun, 02 Jul 2023CA$93.1bCA$44.1bCA$4.0b25.8x23.4x2.1x
Price to Earnings Ratio

23.4x


Total Market Cap: CA$93.1bTotal 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 22.5x202420252026
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 22.5x.
  • The 3-year average PS ratio of 1.5x 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 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 Market-1.81%
Telecom-2.21%
Telecom Services and Carriers-1.52%
Alternative Carriers0%0
Integrated Telecom Services-1.52%
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 22.6x.
    • 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 22.6x.
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
BCE BCECA$33.080.5%
+CA$158.5m		9.9%PE4.9x

Latest News

CCA
CA$63.57
Cogeco Communications
7D
-1.9%
1Y
-7.8%
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$16.02
TELUS
7D
-2.9%
1Y
-26.7%
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.
BCE
CA$33.08
BCE
7D
0.5%
1Y
9.9%
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...
CGO
CA$62.46
Cogeco
7D
-1.7%
1Y
-3.8%
TGO
CA$1.28
TeraGo
7D
-4.5%
1Y
19.6%
QBR.A
CA$67.23
Quebecor
7D
-3.2%
1Y
56.9%