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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies58
  • 7D1.9%
  • 3M-6.7%
  • 1Y0.9%
  • YTD5.4%

The Telecom Services and Carriers industry is up 1.9% in the last week, with AST SpaceMobile up 20%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.S. Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026US$529.6bUS$410.2bUS$51.3b13.9x10.3x1.3x
Sun, 19 Apr 2026US$551.0bUS$406.6bUS$51.3b12.6x10.7x1.4x
Tue, 17 Mar 2026US$577.9bUS$406.4bUS$50.8b10.4x11.4x1.4x
Thu, 12 Feb 2026US$568.8bUS$406.3bUS$55.9b9.6x10.2x1.4x
Sat, 10 Jan 2026US$513.0bUS$410.0bUS$61.1b9.3x8.4x1.3x
Mon, 08 Dec 2025US$415.8bUS$284.0bUS$38.4b8.9x10.8x1.5x
Wed, 05 Nov 2025US$403.7bUS$287.6bUS$38.0b11.5x10.6x1.4x
Fri, 03 Oct 2025US$439.4bUS$286.5bUS$25.5b14.8x17.2x1.5x
Sun, 31 Aug 2025US$449.4bUS$286.4bUS$25.5b15.9x17.6x1.6x
Tue, 29 Jul 2025US$434.2bUS$285.2bUS$28.9b15.3x15x1.5x
Thu, 26 Jun 2025US$432.6bUS$282.4bUS$27.5b17.1x15.7x1.5x
Sat, 24 May 2025US$415.7bUS$282.3bUS$27.5b16.8x15.1x1.5x
Mon, 21 Apr 2025US$419.9bUS$282.1bUS$28.1b13.1x15x1.5x
Wed, 19 Mar 2025US$420.2bUS$281.8bUS$28.2b10.6x14.9x1.5x
Fri, 14 Feb 2025US$394.9bUS$284.5bUS$22.8b17.1x17.4x1.4x
Sun, 12 Jan 2025US$356.7bUS$283.6bUS$13.2b18.2x27.1x1.3x
Tue, 10 Dec 2024US$395.1bUS$284.9bUS$12.9b18.9x30.6x1.4x
Thu, 07 Nov 2024US$373.2bUS$281.4bUS$13.9b19x26.8x1.3x
Sat, 05 Oct 2024US$385.5bUS$281.4bUS$21.2b18.3x18.2x1.4x
Mon, 02 Sep 2024US$356.3bUS$281.4bUS$21.2b18.8x16.8x1.3x
Wed, 31 Jul 2024US$339.8bUS$281.2bUS$22.6b20.8x15.1x1.2x
Fri, 28 Jun 2024US$337.2bUS$281.1bUS$22.7b25.4x14.9x1.2x
Sun, 26 May 2024US$322.0bUS$281.1bUS$22.7b28.4x14.2x1.1x
Tue, 23 Apr 2024US$315.8bUS$281.7bUS$22.5b26.8x14x1.1x
Thu, 21 Mar 2024US$318.8bUS$281.7bUS$22.5b26.2x14.1x1.1x
Sat, 17 Feb 2024US$325.3bUS$283.8bUS$21.0b21.5x15.5x1.1x
Mon, 15 Jan 2024US$318.9bUS$300.0b-US$7,362,391,055.0014.5x-43.3x1.1x
Wed, 13 Dec 2023US$310.4bUS$300.0b-US$7,362,258,301.0011.1x-42.2x1x
Fri, 10 Nov 2023US$297.4bUS$300.0b-US$7,044,861,757.008.1x-42.2x1x
Sun, 08 Oct 2023US$267.5bUS$301.1b-US$2,062,124,674.008.6x-129.7x0.9x
Tue, 05 Sep 2023US$289.9bUS$301.1b-US$2,065,972,663.0010.3x-140.3x1x
Thu, 03 Aug 2023US$278.8bUS$300.5b-US$2,431,598,956.0011.7x-114.7x0.9x
Sat, 01 Jul 2023US$308.9bUS$302.2bUS$9.5b12.1x32.4x1x
Mon, 29 May 2023US$294.2bUS$302.2bUS$9.5b10.2x30.9x1x
Price to Earnings Ratio

30.9x


Total Market Cap: US$294.2bTotal Earnings: US$9.5bTotal Revenue: US$302.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 0.4x202420252026
Current Industry PE
  • Investors are optimistic on the American Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 10.3x which is higher than its 3-year average PE of 0.45x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 75% per year over the last three years.
  • Revenues for these companies have grown 11% 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 industry?

US Market-0.32%
Telecom-2.20%
Telecom Services and Carriers1.86%
Alternative Carriers10.78%
Integrated Telecom Services0.78%
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 15.8x.
    • Analysts are expecting annual earnings growth of 0.4%, which is lower than the prior year's growth of 11.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 90% over the next 5 years.
  • This is better than its past earnings decline of 12% 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
VZ Verizon CommunicationsUS$48.272.6%
+US$5.1b		11.9%PE11.6x
T AT&TUS$25.342.8%
+US$4.8b		-6.9%PE8.3x
ASTS AST SpaceMobileUS$96.2315.9%
+US$3.9b		294.2%PS338.5x
LBTY.A Liberty GlobalUS$12.246.2%
+US$240.0m		27.0%PS0.8x
IRDM Iridium CommunicationsUS$45.705.2%
+US$240.0m		79.0%PE45.8x

Latest News

T
US$25.34
AT&T
7D
2.8%
1Y
-6.9%
VZ
US$48.27
Verizon Communications
7D
2.6%
1Y
11.9%
Seeking Alpha • 10h

Verizon: A Bright Future With Growing Dividends

Summary Verizon's latest quarterly results pointed to a strong start to 2026, leading to bumping up earnings guidance. The company closed on its Frontier acquisition, increasing its debt load once again, but they are aggressively paying it down. VZ is in a strong enough position to not only manage its debt load and grow its dividend but also start repurchasing shares. Read the full article on Seeking Alpha
LUMN
US$9.44
Lumen Technologies
7D
-8.7%
1Y
145.8%
CMCSA
US$25.08
Comcast
7D
-0.4%
1Y
-27.5%
LILA
US$8.20
Liberty Latin America
7D
8.5%
1Y
65.0%
UNIT
US$11.12
Uniti Group
7D
-1.2%
1Y
52.4%
Narrative Update • May 20

UNIT: Higher 2026 Loss Outlook And Fiber Build Will Shape Fairly Balanced View

Uniti Group's analyst fair value estimate has been updated from $8.50 to $10.25, reflecting a series of recent price target increases from multiple firms as analysts refresh their models on the stock. Analyst Commentary Recent research updates show a cluster of higher price targets on Uniti Group, with several firms refreshing their models and one major bank lifting its target to $11.75 while keeping a Neutral rating.
ASTS
US$96.23
AST SpaceMobile
7D
15.9%
1Y
294.2%
IRDM
US$45.70
Iridium Communications
7D
5.2%
1Y
79.0%
Narrative Update • May 17

IRDM: Spectrum Optimism Around Amazon Ties Will Likely Outrun Cash Flow Reality

Analysts lifted their average price targets on Iridium Communications by double digits into the $26 to $40 range, citing reassessed spectrum value after the Amazon-related commentary, as well as a series of higher P/E assumptions alongside recalibrated discount rates and profit margin expectations. Analyst Commentary Recent research on Iridium Communications has centered on how investors should weigh the value of its spectrum and long term growth opportunities against execution risks and current valuation.
BAND
US$58.54
Bandwidth
7D
12.4%
1Y
319.0%
ELWT
US$7.61
Elauwit Connection
7D
-10.4%
1Y
n/a
IDT
US$52.69
IDT
7D
-0.2%
1Y
-13.7%
LBTY.A
US$12.24
Liberty Global
7D
6.2%
1Y
27.0%
Narrative Update • May 11

LBTY.A: Media Assets And Buybacks Will Support Stronger Future Share Performance

Liberty Global's updated analyst price target has shifted from $28.41 to $22.74, reflecting recent revisions to growth, margins, discount rate, and P/E assumptions that analysts have been adjusting following the latest company results. Analyst Commentary Recent research updates show a series of upward revisions to Liberty Global's price targets, suggesting that some bullish analysts see improved alignment between the current valuation framework and the latest company results.
GLIB.A
US$25.84
GCI Liberty
7D
-1.4%
1Y
n/a
CCOI
US$18.37
Cogent Communications Holdings
7D
14.0%
1Y
-60.0%
Narrative Update • May 09

CCOI: Weaker Core Revenue Trends Will Drive A More Cautious Thesis

Cogent Communications Holdings' updated analyst price target has moved lower from $21.00 to $14.00 as analysts factor in more conservative revenue growth, a slightly higher discount rate, and a reduced future P/E assumption, partly offset by a modestly higher profit margin outlook. Analyst Commentary Recent Street research on Cogent Communications Holdings has tilted cautious, with several bearish analysts trimming price targets and flagging execution and growth risks.
TSAT
US$52.16
Telesat
7D
-3.2%
1Y
232.2%
SIFY
US$15.74
Sify Technologies
7D
-4.4%
1Y
193.1%