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U.S. Telecom Sector Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies479
  • 7D-4.9%
  • 3M-10.2%
  • 1Y25.1%
  • YTD-10.0%

Over the last 7 days, the Telecom industry has dropped 4.9%, driven by Alphabet declining 6.7%. In the past year, the industry has gained 25%. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the U.S. Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026US$7.0tUS$1.7tUS$272.3b16x25.6x4.2x
Sun, 22 Feb 2026US$7.7tUS$1.7tUS$275.7b15.5x27.8x4.6x
Tue, 20 Jan 2026US$7.8tUS$1.6tUS$282.2b16x27.7x4.8x
Thu, 18 Dec 2025US$7.6tUS$1.6tUS$280.9b17.1x27.1x4.6x
Sat, 15 Nov 2025US$7.3tUS$1.6tUS$285.5b17x25.5x4.4x
Mon, 13 Oct 2025US$7.1tUS$1.6tUS$286.1b17.6x24.9x4.4x
Wed, 10 Sep 2025US$7.4tUS$1.6tUS$286.2b20.8x25.9x4.6x
Fri, 08 Aug 2025US$6.9tUS$1.6tUS$273.1b19.5x25.1x4.2x
Sun, 06 Jul 2025US$6.6tUS$1.6tUS$250.2b18.1x26.6x4.1x
Tue, 03 Jun 2025US$6.2tUS$1.6tUS$249.9b17.2x24.9x3.9x
Thu, 01 May 2025US$5.7tUS$1.6tUS$240.3b16.9x23.6x3.6x
Sat, 29 Mar 2025US$5.9tUS$1.6tUS$227.8b17.2x25.9x3.7x
Mon, 24 Feb 2025US$6.4tUS$1.6tUS$225.2b20.4x28.2x4x
Wed, 22 Jan 2025US$6.2tUS$1.6tUS$189.7b18.7x32.6x3.9x
Fri, 20 Dec 2024US$6.1tUS$1.6tUS$189.7b18x32x3.9x
Sun, 17 Nov 2024US$5.8tUS$1.6tUS$189.7b19.4x30.4x3.7x
Tue, 15 Oct 2024US$5.6tUS$1.5tUS$188.2b18.6x30x3.7x
Thu, 12 Sep 2024US$5.2tUS$1.5tUS$188.2b18.7x27.4x3.3x
Sat, 10 Aug 2024US$5.2tUS$1.5tUS$190.1b20.9x27.5x3.4x
Mon, 08 Jul 2024US$5.7tUS$1.5tUS$191.3b16.5x29.8x3.7x
Wed, 05 Jun 2024US$5.3tUS$1.5tUS$191.0b15.6x27.7x3.5x
Fri, 03 May 2024US$5.0tUS$1.5tUS$194.7b18.3x25.7x3.3x
Sun, 31 Mar 2024US$5.1tUS$1.5tUS$176.2b18.8x28.7x3.4x
Tue, 27 Feb 2024US$4.8tUS$1.5tUS$174.7b18x27.5x3.2x
Thu, 25 Jan 2024US$4.8tUS$1.5tUS$144.7b14.6x33.3x3.2x
Sat, 23 Dec 2023US$4.6tUS$1.5tUS$127.9b15.6x36.3x3x
Mon, 20 Nov 2023US$4.5tUS$1.5tUS$127.2b16.3x35.1x2.9x
Wed, 18 Oct 2023US$4.4tUS$1.5tUS$104.7b16x42x2.9x
Fri, 15 Sep 2023US$4.3tUS$1.5tUS$104.4b14.5x41.6x2.9x
Sun, 13 Aug 2023US$4.3tUS$1.5tUS$102.5b14.9x41.7x2.9x
Tue, 11 Jul 2023US$4.1tUS$1.5tUS$106.8b16.9x38.4x2.8x
Thu, 08 Jun 2023US$4.1tUS$1.5tUS$107.1b16x38.4x2.8x
Sat, 06 May 2023US$3.7tUS$1.5tUS$107.3b15.9x35x2.5x
Mon, 03 Apr 2023US$3.8tUS$1.5tUS$115.4b16.9x32.7x2.5x
Price to Earnings Ratio

32.7x


Total Market Cap: US$3.8tTotal Earnings: US$115.4bTotal Revenue: US$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Sector Price to Earnings3Y Average 30.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Communication Services 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 25.6x which is lower than its 3-year average PE of 30.4x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 U.S. Telecom sector?

US Market-1.62%
Telecom-4.94%
Wireless Telecom2.09%
Telecom Services and Carriers1.77%
Media0.85%
Entertainment-1.13%
Interactive Media and Services-6.97%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings decline of 4.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 0.02% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 8.3% 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
NFLX NetflixUS$93.431.8%
+US$6.8b		0.05%PE35.9x
T AT&TUS$29.102.8%
+US$5.0b		3.3%PE9.3x
TMUS T-Mobile USUS$210.821.1%
+US$2.6b		-20.4%PE21.1x
SATS EchoStarUS$115.214.9%
+US$1.6b		361.0%PS2.2x
VZ Verizon CommunicationsUS$50.310.7%
+US$1.4b		12.0%PE12.4x

Latest News

VZ
US$50.31
Verizon Communications
7D
0.7%
1Y
12.0%
TIGO
US$75.33
Millicom International Cellular
7D
4.7%
1Y
149.4%
TMUS
US$210.82
T-Mobile US
7D
1.1%
1Y
-20.4%
META
US$525.66
Meta Platforms
7D
-11.5%
1Y
-8.9%
RBLX
US$52.31
Roblox
7D
-8.2%
1Y
-11.4%
CMCSA
US$28.34
Comcast
7D
-2.3%
1Y
-22.6%
CHTR
US$219.14
Charter Communications
7D
2.9%
1Y
-40.6%
SATS
US$115.21
EchoStar
7D
4.9%
1Y
361.0%

SATS: Balanced Outlook Will Weigh Buybacks Against Going Concern Risk

EchoStar's latest analyst price target has been reset to $120.00. Analysts point to a slightly lower discount rate, a smaller projected revenue decline, a modestly reduced profit margin, and a marginally lower assumed future P/E as key drivers of the updated view.
RDDT
US$121.84
Reddit
7D
-12.9%
1Y
13.1%

RDDT: Future Upside Will Rely On AI Data Licensing Economics

Reddit's updated fair value estimate has been trimmed from $252.39 to $232.05 as analysts factor in slightly lower revenue growth assumptions, a more moderate future P/E, and survey backed views on monetization potential that still highlight advertiser reach and low funnel targeting as key positives. Analyst Commentary Street research on Reddit has become more balanced, with many firms trimming price targets while still highlighting meaningful upside drivers in engagement, monetization, and data licensing.
DIS
US$92.42
Walt Disney
7D
-7.1%
1Y
-5.8%

DIS: IP Strength And New Leadership Will Support Future Share Repricing

Narrative Update on Walt Disney The updated analyst price target for Walt Disney edges slightly lower to about $130. This reflects small adjustments to fair value and discount rate as analysts factor in recent target cuts from firms that still cite solid execution and the strength of the company’s intellectual property and multi platform engagement.
NFLX
US$93.43
Netflix
7D
1.8%
1Y
0.05%

NFLX: Walking From Warner Deal Will Refocus On Content And Efficiency

Analysts have modestly increased the blended price target for Netflix by about $2 to reflect updated views on content investment, operating efficiency and valuation multiples after the company opted out of a Warner Bros. Discovery deal.
BIDU
US$108.12
Baidu
7D
-5.4%
1Y
15.8%

BIDU: AI Transition Will Likely Lag Persistent Weakness In Legacy Advertising

Analysts have nudged Baidu's fair value estimate higher to about $110 as they update price targets, citing the ongoing shift toward AI driven businesses, including chips and related products, while still accounting for pressure in the legacy online marketing segment. Analyst Commentary Recent Street research on Baidu reflects a mix of optimism around its AI pivot and caution around execution risk and the health of its legacy businesses.
GOOGL
US$274.24
Alphabet
7D
-8.9%
1Y
77.7%

GOOGL: AI Partnerships And Compute Capacity Will Support Long Term Upside

Analysts have slightly increased their price target for Alphabet to about $377, reflecting broad Street support for the company's position in AI data, distribution, and compute, as well as recent partnership momentum around Gemini with major technology and retail platforms. Analyst Commentary Recent research points to a clear skew toward optimism on Alphabet, especially around its AI positioning, cloud trajectory, and a growing set of high profile partnerships.
GSAT
US$64.16
Globalstar
7D
9.2%
1Y
201.5%

GSAT: De Risked Satellite Services And Spectrum Optionality Will Drive Upside Potential

Analysts have lifted Globalstar's price target to $71 from $66, citing a combination of a "de-risked" Apple supported satellite services business, underused terrestrial spectrum assets, and improved government services expectations related to XCOM Radio Access Network's commercial progress. Analyst Commentary Analysts lifting the price target to $71 frame Globalstar as a hybrid story, combining its satellite services with underused terrestrial spectrum and potential government work tied to XCOM Radio Access Network.
T
US$29.10
AT&T
7D
2.8%
1Y
3.3%

T: Future Returns Will Be Pressured By Rich P/E Versus Fundamentals

Analysts have raised AT&T's price target to $25.11 from $23.24, reflecting updated assumptions that include slightly higher revenue growth, a modest change in the discount rate, a small adjustment to profit margin expectations, and a higher future P/E multiple. What's in the News AT&T introduced updated Unlimited Your Way wireless plans, including the new AT&T Value 2.0 entry level option, offering mix and match flexibility, more high speed data, and features such as ActiveArmor and unlimited talk, text, and data across the U.S., Canada, and Mexico (Product related announcement).
ASTS
US$78.67
AST SpaceMobile
7D
-12.5%
1Y
227.0%