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U.S. Telecom Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies479
  • 7D-5.7%
  • 3M-12.0%
  • 1Y22.6%
  • YTD-11.7%

Over the last 7 days, the Telecom industry has dropped 7.0%, driven by a pullback from Alphabet of 9.2%. In the past year, the industry has gained 23%. 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
Tue, 31 Mar 2026US$6.8tUS$1.7tUS$272.6b15.7x25x4.1x
Thu, 26 Feb 2026US$7.6tUS$1.7tUS$275.7b15.7x27.7x4.5x
Sat, 24 Jan 2026US$7.9tUS$1.7tUS$283.0b16.6x27.8x4.8x
Mon, 22 Dec 2025US$7.7tUS$1.6tUS$280.9b16.4x27.4x4.7x
Wed, 19 Nov 2025US$7.3tUS$1.6tUS$285.7b16.4x25.5x4.4x
Fri, 17 Oct 2025US$7.4tUS$1.6tUS$286.1b17.8x25.7x4.6x
Sun, 14 Sep 2025US$7.4tUS$1.6tUS$286.1b20.7x25.8x4.6x
Tue, 12 Aug 2025US$6.9tUS$1.6tUS$285.6b20.6x24.2x4.2x
Thu, 10 Jul 2025US$6.6tUS$1.6tUS$250.2b18.2x26.4x4.1x
Sat, 07 Jun 2025US$6.3tUS$1.6tUS$249.9b17.2x25.3x4x
Mon, 05 May 2025US$5.9tUS$1.6tUS$243.7b17x24.2x3.7x
Wed, 02 Apr 2025US$5.7tUS$1.6tUS$227.4b17.3x25x3.6x
Fri, 28 Feb 2025US$6.2tUS$1.6tUS$228.1b16.4x27.3x3.9x
Sun, 26 Jan 2025US$6.4tUS$1.6tUS$198.3b18.4x32.2x4.1x
Tue, 24 Dec 2024US$6.1tUS$1.6tUS$189.6b18.4x32.2x3.9x
Thu, 21 Nov 2024US$5.9tUS$1.6tUS$189.7b19.7x31.3x3.8x
Sat, 19 Oct 2024US$5.6tUS$1.5tUS$188.9b18.6x29.7x3.6x
Mon, 16 Sep 2024US$5.3tUS$1.5tUS$188.1b18.7x28.2x3.4x
Wed, 14 Aug 2024US$5.3tUS$1.5tUS$189.8b19.5x27.7x3.4x
Fri, 12 Jul 2024US$5.7tUS$1.5tUS$191.2b17.3x29.8x3.7x
Sun, 09 Jun 2024US$5.4tUS$1.5tUS$191.0b15.3x28.1x3.5x
Tue, 07 May 2024US$5.2tUS$1.5tUS$194.6b18.7x26.6x3.4x
Thu, 04 Apr 2024US$5.2tUS$1.5tUS$176.0b19.6x29.3x3.4x
Sat, 02 Mar 2024US$4.9tUS$1.5tUS$174.4b16.8x28x3.2x
Mon, 29 Jan 2024US$5.0tUS$1.5tUS$145.5b15.1x34.2x3.3x
Wed, 27 Dec 2023US$4.6tUS$1.5tUS$127.9b15.4x36.3x3x
Fri, 24 Nov 2023US$4.5tUS$1.5tUS$127.3b16.3x35.4x3x
Sun, 22 Oct 2023US$4.3tUS$1.5tUS$102.5b14.9x41.8x2.9x
Tue, 19 Sep 2023US$4.3tUS$1.5tUS$104.4b13.7x41.7x2.9x
Thu, 17 Aug 2023US$4.2tUS$1.5tUS$102.7b15.1x41x2.8x
Sat, 15 Jul 2023US$4.3tUS$1.5tUS$106.8b16.6x40x2.9x
Mon, 12 Jun 2023US$4.1tUS$1.5tUS$107.1b15.8x37.9x2.7x
Wed, 10 May 2023US$3.8tUS$1.5tUS$106.1b16.2x35.5x2.5x
Fri, 07 Apr 2023US$3.8tUS$1.5tUS$115.5b16.6x33.3x2.6x
Price to Earnings Ratio

33.3x


Total Market Cap: US$3.8tTotal Earnings: US$115.5bTotal 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 25.0x 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 4.1x.
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 4.2% 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 U.S. Telecom sector?

US Market-3.50%
Telecom-5.65%
Wireless Telecom1.79%
Media-0.44%
Telecom Services and Carriers-1.41%
Entertainment-2.01%
Interactive Media and Services-7.44%
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 29% 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 7.1% 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
TMUS T-Mobile USUS$213.942.5%
+US$5.7b		-19.8%PE21.4x
SATS EchoStarUS$112.232.5%
+US$791.5m		338.7%PS2.2x
FOXA FoxUS$59.133.2%
+US$787.0m		4.5%PE13.3x
CHTR Charter CommunicationsUS$220.942.0%
+US$544.1m		-40.0%PE5.6x
EA Electronic ArtsUS$202.570.7%
+US$360.4m		40.2%PE74.5x

Latest News

DIS
US$94.32
Walt Disney
7D
-3.7%
1Y
-4.4%
TMUS
US$213.94
T-Mobile US
7D
2.5%
1Y
-19.8%

TMUS: Sector Leading 2026 Service And EBITDA Outlook Will Drive Future Upside

The analyst price target for T-Mobile US edges up slightly to $268.68 from $268.52, as analysts fine tune assumptions around revenue growth, profit margins and future P/E multiples, while also factoring in recent price target revisions and ratings changes across the Street. Analyst Commentary Recent research updates on T-Mobile US reflect a mix of optimism about the company’s growth profile and some caution around valuation and sector conditions, which together shape the modest upward move in the consensus price target.
RDDT
US$124.13
Reddit
7D
-11.9%
1Y
18.3%
FOXA
US$59.13
Fox
7D
3.2%
1Y
4.5%

FOXA: World Cup And Election Advertising Will Counter Higher NFL Rights Costs

The updated analyst price target for Fox has edged lower by a few dollars, reflecting a mix of reduced targets tied to concerns around upcoming NFL rights costs and recent downgrades, partially offset by fresh upgrades that point to advertising catalysts and sports betting opportunities. Analyst Commentary Recent research on Fox highlights a split view, with some firms cutting ratings and targets around NFL rights risk while others see the recent share pullback as an entry point supported by advertising and sports betting themes.
SPOT
US$475.00
Spotify Technology
7D
-3.5%
1Y
-13.6%
META
US$536.38
Meta Platforms
7D
-11.2%
1Y
-6.9%
RBLX
US$51.91
Roblox
7D
-8.7%
1Y
-10.9%
CHTR
US$220.94
Charter Communications
7D
2.0%
1Y
-40.0%
SATS
US$112.23
EchoStar
7D
2.5%
1Y
338.7%

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.
NWSA
US$24.78
News
7D
2.1%
1Y
-9.0%

NWSA: Meta AI Licensing Deal Will Reshape Future Earnings Power

Analysts have reduced their price target for News Corp. by $1, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions in line with recent research from Citi and Morgan Stanley.
EA
US$202.57
Electronic Arts
7D
0.7%
1Y
40.2%

EA: Job Cuts And Player Retention Trends Will Shape Future Returns

Analysts have kept their price target on Electronic Arts steady at $205.59, citing only very small tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E that do not materially change their valuation view. What's in the News EA is cutting an unspecified number of roles across its Battlefield studios, including Criterion, Dice, Ripple Effect and Motive, as part of a broader realignment while continuing live service support for Battlefield 6 following its 2025 launch (IGN).
BIDU
US$106.60
Baidu
7D
-6.9%
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$273.50
Alphabet
7D
-5.8%
1Y
74.1%

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$61.82
Globalstar
7D
2.0%
1Y
196.4%

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.
ASTS
US$73.82
AST SpaceMobile
7D
-16.5%
1Y
224.6%
LBRD.K
US$51.46
Liberty Broadband
7D
2.2%
1Y
-39.5%