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U.S. Telecom Services and Carriers Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies58
  • 7D-2.6%
  • 3M6.5%
  • 1Y5.3%
  • YTD6.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.6%, driven by Comcast declining 7.0%. Over the past 12 months, the industry was up 5.3%. Looking forward, earnings are forecast to grow by 9.3% 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, 25 Apr 2026US$543.1bUS$409.0bUS$49.5b12.6x11x1.3x
Mon, 23 Mar 2026US$572.8bUS$406.4bUS$51.3b13.4x11.2x1.4x
Wed, 18 Feb 2026US$577.0bUS$406.3bUS$55.9b9.7x10.3x1.4x
Fri, 16 Jan 2026US$509.2bUS$410.1bUS$61.1b9.6x8.3x1.2x
Sun, 14 Dec 2025US$409.7bUS$284.0bUS$38.4b9.2x10.7x1.4x
Tue, 11 Nov 2025US$407.5bUS$287.6bUS$38.0b11.6x10.7x1.4x
Thu, 09 Oct 2025US$426.7bUS$286.4bUS$25.5b14.4x16.7x1.5x
Sat, 06 Sep 2025US$448.8bUS$286.4bUS$25.5b15.4x17.6x1.6x
Mon, 04 Aug 2025US$430.1bUS$286.5bUS$25.8b15.3x16.7x1.5x
Wed, 02 Jul 2025US$429.1bUS$282.4bUS$27.5b17.7x15.6x1.5x
Fri, 30 May 2025US$417.8bUS$282.3bUS$27.5b16.8x15.2x1.5x
Sun, 27 Apr 2025US$409.4bUS$283.2bUS$29.4b13.1x13.9x1.4x
Tue, 25 Mar 2025US$422.0bUS$281.8bUS$28.2b10.5x15x1.5x
Thu, 20 Feb 2025US$402.5bUS$284.5bUS$22.8b17.4x17.7x1.4x
Sat, 18 Jan 2025US$360.9bUS$283.6bUS$13.1b18.5x27.4x1.3x
Mon, 16 Dec 2024US$391.4bUS$284.8bUS$12.9b19.2x30.3x1.4x
Wed, 13 Nov 2024US$375.4bUS$281.4bUS$13.4b19.1x28x1.3x
Fri, 11 Oct 2024US$382.4bUS$281.4bUS$21.2b18.4x18x1.4x
Sun, 08 Sep 2024US$362.7bUS$281.4bUS$21.2b18.8x17.1x1.3x
Tue, 06 Aug 2024US$345.7bUS$281.3bUS$22.4b17.8x15.4x1.2x
Thu, 04 Jul 2024US$337.7bUS$281.1bUS$22.7b23x14.9x1.2x
Sat, 01 Jun 2024US$326.8bUS$281.1bUS$22.7b27.8x14.4x1.2x
Mon, 29 Apr 2024US$315.1bUS$281.7bUS$21.5b26.8x14.7x1.1x
Wed, 27 Mar 2024US$322.8bUS$281.7bUS$22.5b27.6x14.3x1.1x
Fri, 23 Feb 2024US$325.0bUS$283.8bUS$21.0b21.3x15.4x1.1x
Sun, 21 Jan 2024US$319.4bUS$300.0b-US$7,365,679,509.0013.9x-43.4x1.1x
Tue, 19 Dec 2023US$313.4bUS$300.0b-US$7,362,242,563.0012.5x-42.6x1x
Thu, 16 Nov 2023US$298.0bUS$299.9b-US$7,371,023,907.009.1x-40.4x1x
Sat, 14 Oct 2023US$266.0bUS$301.0b-US$2,071,381,651.008.3x-128.4x0.9x
Mon, 11 Sep 2023US$279.6bUS$301.1b-US$2,065,980,456.009.9x-135.3x0.9x
Wed, 09 Aug 2023US$274.9bUS$300.4b-US$2,609,845,590.0012x-105.3x0.9x
Fri, 07 Jul 2023US$307.6bUS$302.2bUS$9.5b11.8x32.2x1x
Sun, 04 Jun 2023US$291.0bUS$302.2bUS$9.5b10.3x30.6x1x
Tue, 02 May 2023US$328.1bUS$303.1bUS$11.5b13.4x28.4x1.1x
Price to Earnings Ratio

28.4x


Total Market Cap: US$328.1bTotal Earnings: US$11.5bTotal Revenue: US$303.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 0.9x202420252026
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 11.0x which is higher than its 3-year average PE of 0.91x.
  • 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 63% 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 Market0.35%
Telecom-1.07%
Telecom Services and Carriers-2.57%
Integrated Telecom Services-2.08%
Alternative Carriers-6.57%
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 16.1x.
    • Analysts are expecting annual earnings growth of 0.2%, 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 growth rate of 35% 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
LUMN Lumen TechnologiesUS$8.843.2%
+US$276.6m		163.9%PS0.7x
GSAT GlobalstarUS$81.812.2%
+US$230.2m		317.2%PS38.5x
SIFY Sify TechnologiesUS$15.4014.8%
+US$143.3m		253.2%PS2.3x
UNIT Uniti GroupUS$11.983.0%
+US$126.8m		51.7%PE2.3x
ATEX AnterixUS$45.177.1%
+US$55.8m		55.0%PE10.4x

Latest News

VZ
US$46.38
Verizon Communications
7D
-0.4%
1Y
10.7%
IRDM
US$38.96
Iridium Communications
7D
-6.9%
1Y
68.2%
CMCSA
US$27.56
Comcast
7D
-7.0%
1Y
-18.7%
ASTS
US$76.40
AST SpaceMobile
7D
-10.7%
1Y
221.5%
ATNI
US$28.74
ATN International
7D
1.8%
1Y
66.1%
T
US$26.20
AT&T
7D
-1.2%
1Y
-2.3%

AT&T (T): The Connectivity Pivot and the "Debt-vs-Growth" Tug-of-War

AT&T Inc. (T) , the Dallas-based telecommunications vanguard, enters Wednesday, April 22, 2026 , in the immediate wake of a Q1 earnings report that has sent ripples of "cautious optimism" and "mechanical skepticism" through the market.
UNIT
US$11.98
Uniti Group
7D
3.0%
1Y
51.7%
CCOI
US$24.47
Cogent Communications Holdings
7D
3.6%
1Y
-54.3%

CCOI: Future Data Center Deals And Refinancing Will Support Balance Sheet Recovery

Analysts have trimmed their average price targets on Cogent Communications Holdings by several dollars into a roughly $21 to $40 range, citing softer Q4 results, continued pressure from off net and wavelength revenue, and uncertainty around data center transactions and future growth visibility. Analyst Commentary Recent research notes show a clear reset in expectations for Cogent Communications Holdings, with price targets generally clustered in the low to mid US$20s and a few higher conviction views extending up to US$40.
TSAT
US$47.69
Telesat
7D
-7.9%
1Y
209.7%
BAND
US$24.12
Bandwidth
7D
4.8%
1Y
90.1%

BAND: AI Partnerships And Buybacks Will Support Measured Long Term Upside Potential

Analysts have lifted their Bandwidth price target from approximately $23.67 to $24.50, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E, which they view as better aligned with the current setup. What's in the News Bandwidth is partnering with Salesforce to provide infrastructure for Salesforce's new CRM native, AI driven Agentforce Contact Center platform.
ATEX
US$45.17
Anterix
7D
7.1%
1Y
55.0%
LUMN
US$8.84
Lumen Technologies
7D
3.2%
1Y
163.9%
GSAT
US$81.81
Globalstar
7D
2.2%
1Y
317.2%
SIFY
US$15.40
Sify Technologies
7D
14.8%
1Y
253.2%
LBTY.A
US$11.90
Liberty Global
7D
-5.3%
1Y
9.4%

LBTY.A: Fiber Expansion Deals And Buybacks Will Support Future Upside Potential

Liberty Global's updated analyst price target ticks higher to about $15.89, with analysts citing refreshed forecasts around revenue growth, profit margins, and expected future P/E levels following recent company results and revised research assumptions. Analyst Commentary Recent research updates frame Liberty Global as a name where analysts are fine tuning expectations rather than making wholesale changes, with modestly higher price targets tied to refreshed models after the latest results.
LILA
US$8.38
Liberty Latin America
7D
-2.7%
1Y
50.4%

LILA: Future Cash Returns Will Reflect Buybacks And P/E Margin Trade Off

Analysts have raised their price target on Liberty Latin America to $8.00 from $8.00, citing updated assumptions for slightly higher revenue growth, modestly improved profit margins, and a lower future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Liberty Latin America repurchased 300,000 shares for US$2.51 million, equal to 0.15% of its shares.