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U.S. Telecom Services and Carriers Industry Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies58
  • 7D-2.4%
  • 3M-8.1%
  • 1Y9.2%
  • YTD8.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.4%, driven by Verizon Communications declining 2.6%. On the other hand GCI Liberty is actually up 12%. Over the past 12 months, the industry was up 8.5%. As for the next few years, earnings are expected to grow by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025US$399.9bUS$284.0bUS$38.4b9.3x10.4x1.4x
Tue, 18 Nov 2025US$413.1bUS$287.7bUS$38.2b9x10.8x1.4x
Thu, 16 Oct 2025US$430.1bUS$286.5bUS$25.5b14.2x16.9x1.5x
Sat, 13 Sep 2025US$447.2bUS$286.5bUS$25.5b15.1x17.5x1.6x
Mon, 11 Aug 2025US$432.6bUS$286.4bUS$25.5b15.8x17x1.5x
Wed, 09 Jul 2025US$433.1bUS$282.4bUS$27.5b17.3x15.7x1.5x
Fri, 06 Jun 2025US$418.7bUS$282.3bUS$27.5b17x15.2x1.5x
Sun, 04 May 2025US$422.1bUS$283.2bUS$29.3b14.1x14.4x1.5x
Tue, 01 Apr 2025US$433.2bUS$281.8bUS$28.1b13.8x15.4x1.5x
Thu, 27 Feb 2025US$417.1bUS$281.3bUS$28.5b13.6x14.6x1.5x
Sat, 25 Jan 2025US$368.4bUS$283.7bUS$13.1b18.4x28x1.3x
Mon, 23 Dec 2024US$374.4bUS$284.8bUS$12.9b18.8x29x1.3x
Wed, 20 Nov 2024US$382.7bUS$281.4bUS$13.3b19.1x28.9x1.4x
Fri, 18 Oct 2024US$382.3bUS$281.4bUS$21.2b18.4x18x1.4x
Sun, 15 Sep 2024US$382.6bUS$281.4bUS$21.2b18.7x18.1x1.4x
Tue, 13 Aug 2024US$346.3bUS$281.3bUS$21.2b20.6x16.3x1.2x
Thu, 11 Jul 2024US$340.2bUS$281.1bUS$22.7b23.1x15x1.2x
Sat, 08 Jun 2024US$335.9bUS$281.1bUS$22.7b26.9x14.8x1.2x
Mon, 06 May 2024US$313.3bUS$281.5bUS$22.7b26.8x13.8x1.1x
Wed, 03 Apr 2024US$331.4bUS$281.7bUS$22.5b27.8x14.7x1.2x
Fri, 01 Mar 2024US$321.0bUS$283.9bUS$20.8b25.2x15.4x1.1x
Sun, 28 Jan 2024US$340.7bUS$300.5bUS$8.4b14.3x40.8x1.1x
Tue, 26 Dec 2023US$315.6bUS$300.0b-US$7,362,413,411.0012.9x-42.9x1.1x
Thu, 23 Nov 2023US$305.5bUS$300.0b-US$7,363,755,095.0010.1x-41.5x1x
Sat, 21 Oct 2023US$276.9bUS$301.4b-US$4,556,318,232.007.8x-60.8x0.9x
Mon, 18 Sep 2023US$287.6bUS$301.1b-US$2,062,129,599.009.5x-139.5x1x
Wed, 16 Aug 2023US$279.9bUS$301.0b-US$992,058,202.009.8x-282.1x0.9x
Fri, 14 Jul 2023US$292.0bUS$302.2bUS$9.5b12.6x30.6x1x
Sun, 11 Jun 2023US$300.6bUS$302.2bUS$9.5b10.8x31.6x1x
Tue, 09 May 2023US$320.5bUS$302.2bUS$11.5b11.1x27.9x1.1x
Thu, 06 Apr 2023US$350.2bUS$303.3bUS$11.8b13.2x29.8x1.2x
Sat, 04 Mar 2023US$338.2bUS$303.1bUS$11.9b15x28.3x1.1x
Mon, 30 Jan 2023US$359.7bUS$304.4bUS$19.4b13.9x18.6x1.2x
Wed, 28 Dec 2022US$337.5bUS$337.7bUS$43.5b10.9x7.8x1x
Price to Earnings Ratio

7.8x


Total Market Cap: US$337.5bTotal Earnings: US$43.5bTotal Revenue: US$337.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 2.1x202320242025
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 10.4x which is higher than its 3-year average PE of 2.1x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.0% per year over the last three years,
  • Revenues have also declined 5.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?

US Market-0.036%
Telecom-0.019%
Telecom Services and Carriers-2.37%
Integrated Telecom Services-2.08%
Alternative Carriers-4.53%
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 17.4x.
    • Analysts are expecting annual earnings decline of 0.7%, which is lower than the prior year's growth of 73.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 74% over the next 5 years.
  • This is better than its past earnings growth rate of 19% 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
GLIB.A GCI LibertyUS$36.8211.9%
+US$112.5m		n/aPS1x
FYBR Frontier Communications ParentUS$38.100.2%
+US$17.5m		10.0%PS1.6x
ATNI ATN InternationalUS$22.231.7%
+US$5.7m		33.3%PS0.5x
SIFY Sify TechnologiesUS$11.360.6%
+US$5.1m		282.5%PS1.8x
IOTR iOThreeUS$2.765.3%
+US$359.1k		n/aPS0.6x

Latest News

UNIT
US$7.12
Uniti Group
7D
-4.4%
1Y
-24.7%

UNIT: Fiber Transition And Leverage Management Will Drive Cautious Long-Term Outlook

Analysts have cut their price target on Uniti Group to $6 from roughly $7.50. This reflects a shift to lower valuation multiples amid concerns over near term EBITDA pressure, elevated leverage tied to heavy fiber investment, and uncertainty around the pace of transition away from contracting legacy revenue streams.
LILA
US$7.98
Liberty Latin America
7D
-6.3%
1Y
27.5%
GSAT
US$62.25
Globalstar
7D
-14.7%
1Y
112.8%

GSAT: Future Sale Interest From SpaceX Will Drive Bullish Repricing

Analysts have raised their price target for Globalstar from $60 to $75 per share, citing stronger long term revenue growth expectations and the upside from its de risked satellite operations and underutilized terrestrial spectrum in a rapidly expanding satellite internet of things market. Analyst Commentary Bullish analysts highlight that Globalstar is evolving into a differentiated hybrid communications play, pairing a de risked satellite services platform with a strategically significant terrestrial spectrum portfolio.
ASTS
US$75.84
AST SpaceMobile
7D
-1.1%
1Y
231.5%
ATNI
US$22.23
ATN International
7D
1.7%
1Y
33.3%

ATNI: Steady Guidance And Buybacks Will Support Future Shareholder Value

Analysts have slightly raised their price target on ATN International to 39 dollars, reflecting modestly higher discount rate and future P/E assumptions while leaving fair value essentially unchanged. What's in the News ATN International reaffirmed its earnings guidance for full year 2025, expecting revenue excluding construction revenue to be roughly in line with the prior year’s 725 million dollars (company guidance).
T
US$24.15
AT&T
7D
-1.7%
1Y
6.2%
VZ
US$39.82
Verizon Communications
7D
-2.6%
1Y
-0.3%
IOTR
US$2.76
iOThree
7D
5.3%
1Y
n/a
LUMN
US$8.19
Lumen Technologies
7D
-3.6%
1Y
38.3%

LUMN: Rising Debt Costs Will Likely Undermine Recent Free Cash Flow Gains

Analysts have raised their price target on Lumen Technologies to about $2.24 from $2.00 per share, citing stronger than expected Q3 execution, reaffirmed 2025 guidance, and balance sheet tailwinds from debt refinancing and a more favorable interest rate backdrop. Analyst Commentary While recent results and balance sheet actions have prompted upward revisions to price targets, not all market participants view Lumen's trajectory as uniformly positive.
IRDM
US$17.04
Iridium Communications
7D
-9.0%
1Y
-41.7%

IRDM: Expanding Spectrum Deals And Partnerships Will Drive Long Term Upside Potential

Analysts have trimmed their price target on Iridium Communications to $21 from $26, citing heightened competitive pressure and reduced long term revenue growth expectations amid rival spectrum deals. Analyst Commentary Bullish Takeaways Bullish analysts note that Iridium still retains a differentiated satellite network and entrenched government and enterprise relationships, which they see as supporting a valuation floor despite reduced growth expectations.
GLIB.A
US$36.82
GCI Liberty
7D
11.9%
1Y
n/a
SIFY
US$11.36
Sify Technologies
7D
0.6%
1Y
282.5%

SIFY: Future Profits Will Be Driven by Expanding Margins

Analysts have revised Sify Technologies’ price target modestly upward, increasing it from $22 to $22.00. This change is based on updates to key valuation metrics and adjustments in financial forecasts.
FYBR
US$38.10
Frontier Communications Parent
7D
0.2%
1Y
10.0%