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U.S. Telecom Sector Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies482
  • 7D5.4%
  • 3M-3.3%
  • 1Y42.0%
  • YTD-1.3%

Over the last 7 days, the Telecom industry has risen 5.4%, driven by gains from Alphabet of 7.3%. Meanwhile, Verizon Communications actually underperformed within the industry, shrinking 6.8% in the last week. In the last 12 months, the industry was up 42%. Looking forward, 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
Mon, 13 Apr 2026US$7.6tUS$1.7tUS$272.3b15.3x28x4.6x
Wed, 11 Mar 2026US$7.6tUS$1.7tUS$272.1b17.8x28.1x4.5x
Fri, 06 Feb 2026US$7.9tUS$1.7tUS$283.1b15.9x27.8x4.7x
Sun, 04 Jan 2026US$7.8tUS$1.6tUS$282.6b16.1x27.5x4.7x
Tue, 02 Dec 2025US$7.8tUS$1.6tUS$282.5b16.9x27.7x4.8x
Thu, 30 Oct 2025US$7.6tUS$1.6tUS$295.2b17.6x25.6x4.7x
Sat, 27 Sep 2025US$7.4tUS$1.6tUS$286.0b19x26x4.6x
Mon, 25 Aug 2025US$7.0tUS$1.6tUS$287.3b20.6x24.5x4.3x
Wed, 23 Jul 2025US$6.7tUS$1.6tUS$250.9b18.5x26.8x4.2x
Fri, 20 Jun 2025US$6.4tUS$1.6tUS$250.1b17.4x25.6x4x
Sun, 18 May 2025US$6.2tUS$1.6tUS$247.2b17.5x24.9x3.8x
Tue, 15 Apr 2025US$5.5tUS$1.6tUS$227.2b15.8x24.2x3.5x
Thu, 13 Mar 2025US$5.8tUS$1.6tUS$228.3b16.2x25.5x3.7x
Sat, 08 Feb 2025US$6.5tUS$1.6tUS$218.8b19.1x29.9x4.1x
Mon, 06 Jan 2025US$6.1tUS$1.6tUS$189.8b18.8x32.3x3.9x
Wed, 04 Dec 2024US$6.0tUS$1.6tUS$189.7b19.5x31.5x3.8x
Fri, 01 Nov 2024US$5.7tUS$1.6tUS$187.6b18.2x30.3x3.6x
Sun, 29 Sep 2024US$5.6tUS$1.5tUS$188.3b19.2x29.7x3.6x
Tue, 27 Aug 2024US$5.4tUS$1.6tUS$189.2b18.6x28.6x3.5x
Thu, 25 Jul 2024US$5.4tUS$1.5tUS$196.7b19.9x27.6x3.5x
Sat, 22 Jun 2024US$5.4tUS$1.5tUS$191.1b16.4x28.3x3.5x
Mon, 20 May 2024US$5.4tUS$1.5tUS$191.3b19.6x28.2x3.5x
Wed, 17 Apr 2024US$5.0tUS$1.5tUS$176.2b17.5x28.6x3.4x
Fri, 15 Mar 2024US$4.9tUS$1.5tUS$175.1b17.7x28x3.3x
Sun, 11 Feb 2024US$4.9tUS$1.5tUS$172.3b14.4x28.4x3.3x
Tue, 09 Jan 2024US$4.6tUS$1.5tUS$128.1b14.9x35.7x3x
Thu, 07 Dec 2023US$4.4tUS$1.5tUS$128.0b16.1x34x2.9x
Sat, 04 Nov 2023US$4.3tUS$1.5tUS$123.8b13.2x34.7x2.8x
Mon, 02 Oct 2023US$4.2tUS$1.5tUS$104.7b14.1x40.3x2.8x
Wed, 30 Aug 2023US$4.3tUS$1.5tUS$104.0b14.6x41.6x2.9x
Fri, 28 Jul 2023US$4.3tUS$1.5tUS$107.4b15.9x39.7x2.9x
Sun, 25 Jun 2023US$4.1tUS$1.5tUS$107.1b16.9x38.3x2.8x
Tue, 23 May 2023US$4.0tUS$1.5tUS$106.0b17.3x38.1x2.7x
Thu, 20 Apr 2023US$3.8tUS$1.5tUS$115.6b16.9x32.5x2.5x
Price to Earnings Ratio

32.5x


Total Market Cap: US$3.8tTotal Earnings: US$115.6bTotal Revenue: US$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Sector Price to Earnings3Y Average 30.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 30.3x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.6x.
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 Market3.08%
Telecom5.40%
Interactive Media and Services7.75%
Entertainment2.07%
Media-0.28%
Wireless Telecom-2.02%
Telecom Services and Carriers-4.30%
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 18.4%, which is higher than its past year's earnings decline of 9.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 31% 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
GOOGL AlphabetUS$317.247.3%
+US$259.7b		101.9%PE29x
META Meta PlatformsUS$629.869.6%
+US$140.1b		15.9%PE26.4x
NFLX NetflixUS$103.014.4%
+US$18.4b		12.2%PE39.6x
DIS Walt DisneyUS$99.173.0%
+US$5.1b		17.1%PE14.3x
WMG Warner Music GroupUS$28.509.6%
+US$1.3b		-2.7%PE49.3x

Latest News

T
US$26.46
AT&T
7D
-6.6%
1Y
-1.2%

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Apr 12
FOXA
US$61.02
Fox
7D
4.1%
1Y
24.8%

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Fox's analyst price target has been trimmed by less than $1 as analysts weigh downside risk tied to the upcoming NFL rights renewal against mixed recent revisions across Wall Street research. Analyst Commentary Recent research on Fox highlights a split view, with some firms focusing on content and advertising opportunities while others emphasize earnings risk tied to upcoming sports rights negotiations.
PSKY
US$10.62
Paramount Skydance
7D
11.6%
1Y
-0.7%
TTD
US$20.09
Trade Desk
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1Y
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RBLX
US$55.59
Roblox
7D
-7.5%
1Y
-2.9%
WMG
US$28.50
Warner Music Group
7D
9.2%
1Y
-1.8%
NFLX
US$103.01
Netflix
7D
4.4%
1Y
12.2%

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Apr 09
META
US$629.86
Meta Platforms
7D
9.6%
1Y
15.9%
GOOGL
US$317.24
Alphabet
7D
7.3%
1Y
101.9%
VZ
US$46.04
Verizon Communications
7D
-6.8%
1Y
5.3%

VZ: Fair Value View Will Balance Cost Cuts And Disclosure Concerns

Verizon Communications' analyst price target inches up by about $0.40 to $51.17 as analysts balance recent upgrades and price target increases with concerns about disclosure clarity and competitive pressures in wireless and broadband. Analyst Commentary Recent research on Verizon shows a split view, with several firms raising price targets or upgrading ratings while others highlight disclosure issues and competitive challenges that could affect how reliably investors can assess execution and future growth.
LYV
US$160.59
Live Nation Entertainment
7D
3.1%
1Y
23.9%

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TMUS
US$195.71
T-Mobile US
7D
-2.8%
1Y
-24.3%
DIS
US$99.17
Walt Disney
7D
2.6%
1Y
16.8%

Wall Street Lunch: Disney Revamps Paris Park To Boost European Growth

Apr 06
BIDU
US$108.41
Baidu
7D
-2.3%
1Y
31.0%

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Apr 06
SPOT
US$475.99
Spotify Technology
7D
-2.7%
1Y
-12.4%

SPOT: Recurring Price Increases Will Support Future Margin Expansion Potential

Analysts have nudged their price target framework for Spotify higher to $784.59 from $767.84, reflecting slightly firmer assumptions around revenue growth, profit margins, and future P/E in light of a mix of supportive rating actions, incremental price hike expectations, and ongoing debate over AI related risks. Analyst Commentary Recent research on Spotify centers on two themes you should keep in mind: pricing power in Premium subscriptions and how much AI changes the risk profile for the business.
NYT
US$79.01
New York Times
7D
-7.8%
1Y
63.0%

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Analysts have raised their blended price target for New York Times by $17, citing modestly higher assumed revenue growth and profit margins, along with a slightly lower future P/E multiple in updated models. Analyst Commentary Recent Street research on New York Times has centered on adjustments to price targets rather than sweeping changes in ratings, with multiple firms, including JPMorgan, revisiting their assumptions.