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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies57
  • 7D-2.8%
  • 3M-5.7%
  • 1Y-0.4%
  • YTD4.5%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.8%, driven by a pullback from AT&T of 3.3%. In contrast, Bandwidth has gained 32%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026US$521.7bUS$410.2bUS$51.5b13.3x10.1x1.3x
Mon, 06 Apr 2026US$570.9bUS$406.4bUS$51.3b13.5x11.1x1.4x
Wed, 04 Mar 2026US$577.3bUS$406.5bUS$50.8b10.4x11.4x1.4x
Fri, 30 Jan 2026US$509.2bUS$405.6bUS$58.6b9.5x8.7x1.3x
Sun, 28 Dec 2025US$404.9bUS$284.0bUS$38.4b9.3x10.5x1.4x
Tue, 25 Nov 2025US$407.9bUS$284.0bUS$38.4b8.9x10.6x1.4x
Thu, 23 Oct 2025US$422.5bUS$286.5bUS$25.5b13.4x16.6x1.5x
Sat, 20 Sep 2025US$445.0bUS$286.5bUS$25.5b15.3x17.4x1.6x
Mon, 18 Aug 2025US$444.8bUS$286.4bUS$25.5b15.3x17.4x1.6x
Wed, 16 Jul 2025US$420.7bUS$282.4bUS$27.5b16x15.3x1.5x
Fri, 13 Jun 2025US$431.5bUS$282.4bUS$27.5b17x15.7x1.5x
Sun, 11 May 2025US$422.4bUS$282.3bUS$27.4b17.1x15.4x1.5x
Tue, 08 Apr 2025US$410.8bUS$281.9bUS$28.1b12.7x14.6x1.5x
Thu, 06 Mar 2025US$411.4bUS$281.3bUS$28.2b15.1x14.6x1.5x
Sat, 01 Feb 2025US$378.9bUS$284.5bUS$22.8b16.1x16.7x1.3x
Mon, 30 Dec 2024US$376.6bUS$283.7bUS$13.1b18.8x28.7x1.3x
Wed, 27 Nov 2024US$389.6bUS$281.4bUS$13.3b20.2x29.4x1.4x
Fri, 25 Oct 2024US$383.1bUS$281.2bUS$16.1b18.3x23.8x1.4x
Sun, 22 Sep 2024US$381.0bUS$281.4bUS$21.2b18.7x18x1.4x
Tue, 20 Aug 2024US$347.6bUS$281.4bUS$21.2b18.7x16.4x1.2x
Thu, 18 Jul 2024US$343.6bUS$281.1bUS$22.7b24.3x15.2x1.2x
Sat, 15 Jun 2024US$323.9bUS$281.1bUS$22.7b25.8x14.3x1.2x
Mon, 13 May 2024US$322.1bUS$281.0bUS$22.7b26.7x14.2x1.1x
Wed, 10 Apr 2024US$327.0bUS$281.7bUS$22.5b26.8x14.5x1.2x
Fri, 08 Mar 2024US$317.7bUS$283.8bUS$20.8b26.1x15.3x1.1x
Sun, 04 Feb 2024US$342.2bUS$300.5bUS$8.4b14.2x40.9x1.1x
Tue, 02 Jan 2024US$319.2bUS$300.0b-US$7,362,413,150.0015x-43.3x1.1x
Thu, 30 Nov 2023US$308.7bUS$300.0b-US$7,362,665,567.0010.1x-41.9x1x
Sat, 28 Oct 2023US$279.1bUS$300.5b-US$4,695,086,016.007x-59.4x0.9x
Mon, 25 Sep 2023US$284.5bUS$301.1b-US$2,062,125,049.008.3x-138x0.9x
Wed, 23 Aug 2023US$278.4bUS$301.0b-US$2,059,798,022.009.5x-135.1x0.9x
Fri, 21 Jul 2023US$284.3bUS$302.2bUS$9.5b12.1x29.8x0.9x
Sun, 18 Jun 2023US$305.9bUS$302.2bUS$9.5b11.7x32.1x1x
Tue, 16 May 2023US$314.0bUS$302.1bUS$9.5b11.7x32.9x1x
Price to Earnings Ratio

32.9x


Total Market Cap: US$314.0bTotal Earnings: US$9.5bTotal Revenue: US$302.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 0.7x202420252026
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 10.1x which is higher than its 3-year average PE of 0.69x.
  • 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 Market2.14%
Telecom1.88%
Telecom Services and Carriers-2.76%
Alternative Carriers4.55%
Integrated Telecom Services-3.52%
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 15.9x.
    • Analysts are expecting annual earnings growth of 0.3%, 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 87% 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
BAND BandwidthUS$48.6532.2%
+US$379.2m		251.0%PS2x
LBTY.A Liberty GlobalUS$12.276.0%
+US$233.3m		32.4%PS0.8x
IRDM Iridium CommunicationsUS$40.192.9%
+US$118.4m		54.5%PE40.3x
ATEX AnterixUS$53.2110.1%
+US$91.6m		86.6%PE12.3x
IDT IDTUS$53.546.8%
+US$85.0m		-0.07%PE16.4x

Latest News

T
US$25.26
AT&T
7D
-3.3%
1Y
-8.0%
Seeking Alpha • 2h

AT&T: Locking In A 6.2-6.3% Yield With Baby Bonds And Preferred Stock

Summary AT&T continues to deliver robust financial results, supporting its senior securities with strong coverage ratios. Preferred shares yield 6–6.5% with a payout ratio under 1%, reflecting limited risk premium and excellent dividend coverage. Baby bonds (TBB) offer a slightly lower yield but may present a superior risk/reward profile, especially for investors with favorable tax treatment on interest income. I remain constructive on AT&T’s senior securities, favoring baby bonds but considering preferreds attractive above a 6.5% yield. Read the full article on Seeking Alpha
ASTS
US$65.35
AST SpaceMobile
7D
-11.6%
1Y
158.8%
Seeking Alpha • 6h

Earnings Preview On AST SpaceMobile: Strong Buy Due To Growth Prospects

Summary AST SpaceMobile, Inc. is a Strong Buy, driven by robust long-term growth prospects through 2027. ASTS expects 2026 to be an inflection year, with revenue projected to at least double versus 2025, supported by a derisked contracted pipeline. Key moats include proprietary power generation, spectrum multiplication, and IP protection, positioning ASTS ahead of competitors. Despite recent launch setbacks and a weak valuation grade, ASTS benefits from FCC license changes and strong growth metrics. Read the full article on Seeking Alpha
GLIB.A
US$27.16
GCI Liberty
7D
-22.1%
1Y
n/a
VZ
US$47.09
Verizon Communications
7D
-2.0%
1Y
8.0%
CCOI
US$16.32
Cogent Communications Holdings
7D
-27.9%
1Y
-66.9%
LUMN
US$8.46
Lumen Technologies
7D
-4.3%
1Y
103.4%
TSAT
US$52.35
Telesat
7D
6.7%
1Y
232.0%
BAND
US$48.65
Bandwidth
7D
32.2%
1Y
251.0%
SHEN
US$16.23
Shenandoah Telecommunications
7D
3.2%
1Y
38.4%
Analysis Article • May 06

Earnings Update: Here's Why Analysts Just Lifted Their Shenandoah Telecommunications Company (NASDAQ:SHEN) Price Target To US$27.50

Shareholders might have noticed that Shenandoah Telecommunications Company ( NASDAQ:SHEN ) filed its first-quarter...
LBTY.A
US$12.27
Liberty Global
7D
6.0%
1Y
32.4%
CMCSA
US$26.24
Comcast
7D
-3.0%
1Y
-23.3%
IRDM
US$40.19
Iridium Communications
7D
2.9%
1Y
54.5%
Narrative Update • May 01

IRDM: Spectrum Optionality And Defense Connectivity Will Drive Future Upside

Analysts have raised the fair value estimate for Iridium Communications to $48 from $40, citing updated assumptions about revenue growth, profit margins, a lower discount rate, and a higher future P/E multiple, in line with a series of recent price target increases from multiple firms. Analyst Commentary Recent Street research around Iridium Communications shows a mix of views, but the most optimistic voices are focused on spectrum potential, execution on partnerships, and visibility into future cash flows.
UNIT
US$11.12
Uniti Group
7D
-6.0%
1Y
51.3%
Narrative Update • May 01

UNIT: Neutral Rating And 2026 Loss Guidance Will Restrain Upside Potential

Analysts have lifted their consolidated price target for Uniti Group to $9, reflecting updated models after the Q4 report and recent target increases of $3 at Barclays and $1 at RBC Capital. Analyst Commentary The latest research on Uniti Group centers on modest price target adjustments and refreshed models following the Q4 report.
IDT
US$53.54
IDT
7D
6.8%
1Y
-0.07%
Narrative Update • Apr 25

IDT: Buybacks And Rising Dividend Will Support Future Upside

Analysts have maintained their $80 price target for IDT, reflecting stable views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News From November 1, 2025 to January 31, 2026, IDT repurchased 149,109 shares, about 0.59% of its shares, for US$7.43 million under its existing buyback program.
ATEX
US$53.21
Anterix
7D
10.1%
1Y
86.6%
SIFY
US$15.88
Sify Technologies
7D
3.1%
1Y
263.4%