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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies7
  • 7D-1.1%
  • 3M3.7%
  • 1Y3.3%
  • YTD3.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.1%, driven by BCE declining 2.9%. This takes the industry's 12 month performance to a gain of 3.3%. As for the next few years, earnings are forecast to decline by 2.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026CA$76.7bCA$56.4bCA$8.6b9.5x8.9x1.4x
Tue, 03 Mar 2026CA$79.3bCA$56.4bCA$8.7b9.8x9.1x1.4x
Thu, 29 Jan 2026CA$76.3bCA$56.4bCA$8.6b9x8.9x1.4x
Sat, 27 Dec 2025CA$71.6bCA$56.5bCA$8.6b8.6x8.4x1.3x
Mon, 24 Nov 2025CA$74.7bCA$56.5bCA$8.6b8.7x8.7x1.3x
Wed, 22 Oct 2025CA$77.0bCA$56.4bCA$2.6b13.3x29.7x1.4x
Fri, 19 Sep 2025CA$77.3bCA$56.4bCA$2.6b12.6x29.9x1.4x
Sun, 17 Aug 2025CA$80.3bCA$56.4bCA$2.6b12x31x1.4x
Tue, 15 Jul 2025CA$77.6bCA$56.3bCA$2.8b12.3x28.2x1.4x
Thu, 12 Jun 2025CA$74.4bCA$56.3bCA$2.8b11.8x27x1.3x
Sat, 10 May 2025CA$72.3bCA$56.3bCA$2.7b11.8x26.4x1.3x
Mon, 07 Apr 2025CA$73.0bCA$56.2bCA$2.3b11.6x31.4x1.3x
Wed, 05 Mar 2025CA$77.4bCA$56.9bCA$2.4b9.4x32.6x1.4x
Fri, 31 Jan 2025CA$74.3bCA$56.7bCA$2.2b9.3x33.8x1.3x
Sun, 29 Dec 2024CA$70.9bCA$56.8bCA$2.2b9.4x32.4x1.2x
Tue, 26 Nov 2024CA$77.2bCA$56.8bCA$2.2b9.4x35.2x1.4x
Thu, 24 Oct 2024CA$88.0bCA$56.9bCA$3.9b9.9x22.3x1.5x
Sat, 21 Sep 2024CA$89.8bCA$56.9bCA$3.9b9.7x22.8x1.6x
Mon, 19 Aug 2024CA$87.2bCA$56.9bCA$3.9b9.3x22.1x1.5x
Wed, 17 Jul 2024CA$82.5bCA$57.0bCA$3.8b8.3x21.9x1.4x
Fri, 14 Jun 2024CA$84.9bCA$57.0bCA$3.7b9.3x22.7x1.5x
Sun, 12 May 2024CA$85.3bCA$57.0bCA$3.7b9.8x22.8x1.5x
Tue, 09 Apr 2024CA$83.4bCA$56.9bCA$4.1b9.5x20.1x1.5x
Thu, 07 Mar 2024CA$87.4bCA$54.0bCA$3.8b11.4x23.1x1.6x
Sat, 03 Feb 2024CA$92.4bCA$53.5bCA$3.9b12.4x23.8x1.7x
Mon, 01 Jan 2024CA$91.2bCA$53.5bCA$3.9b12.6x23.4x1.7x
Wed, 29 Nov 2023CA$92.7bCA$53.5bCA$3.9b11.5x23.8x1.7x
Fri, 27 Oct 2023CA$87.4bCA$52.8bCA$4.3b15.8x20.5x1.7x
Sun, 24 Sep 2023CA$91.1bCA$52.8bCA$4.3b16.2x21.3x1.7x
Tue, 22 Aug 2023CA$84.5bCA$44.9bCA$3.6b25.1x23.6x1.9x
Thu, 20 Jul 2023CA$88.6bCA$44.1bCA$4.0b24.3x22.3x2x
Sat, 17 Jun 2023CA$92.9bCA$44.1bCA$4.0b25.7x23.4x2.1x
Mon, 15 May 2023CA$99.3bCA$44.1bCA$4.0b27.7x25x2.3x
Wed, 12 Apr 2023CA$98.9bCA$43.3bCA$4.3b25.1x23x2.3x
Price to Earnings Ratio

23x


Total Market Cap: CA$98.9bTotal Earnings: CA$4.3bTotal Revenue: CA$43.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 23.6x202420252026
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 8.9x which is lower than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 1.5x 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 Market3.31%
Telecom-3.02%
Telecom Services and Carriers-1.06%
Alternative Carriers5.95%
Integrated Telecom Services-1.06%
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 23.7x.
    • Analysts are expecting annual earnings decline of 2.2%, which is lower than the prior year's growth of 12.1% per year.
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 2.2% 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 2.2% 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
T TELUSCA$17.921.1%
+CA$296.6m		-13.0%PE25.1x
TGO TeraGoCA$0.896.0%
+CA$2.0m		-6.3%PS1.4x

Latest News

BCE
CA$34.06
BCE
7D
-2.9%
1Y
5.2%
T
CA$17.92
TELUS
7D
1.1%
1Y
-13.0%
TGO
CA$0.89
TeraGo
7D
6.0%
1Y
-6.3%
CCA
CA$69.97
Cogeco Communications
7D
-0.09%
1Y
4.5%

CCA: Mixed Ratings And Fair Value Outlook Will Shape Return Expectations

Analysts have trimmed their fair value estimate for Cogeco Communications from about CA$91.87 to around CA$84.96, citing a higher required return, slightly softer long term revenue expectations, a modestly better profit margin outlook, and a lower future P/E multiple, even as recent Street targets around CA$74 to CA$80 reflect a mix of more cautious and more constructive views. Analyst Commentary Recent research on Cogeco Communications points to a split in views, with some firms turning more cautious while several bullish analysts are leaning into the valuation after recent share price moves.
CGO
CA$68.62
Cogeco
7D
-0.2%
1Y
14.8%
QBR.A
CA$58.76
Quebecor
7D
-1.3%
1Y
57.3%
USS
CA$0.63
Uniserve Communications
7D
-6.0%
1Y
162.5%
ADYA
CA$0.27
Adya
7D
-11.7%
1Y
32.5%