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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies57
  • 7D-7.7%
  • 3M-12.7%
  • 1Y-11.0%
  • YTD-9.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 7.7%, driven by Space Exploration Technologies declining 9.4%. Overall the industry is down 11% in 12 months. As for the next few years, earnings are expected to grow by 50% 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
Tue, 14 Jul 2026US$2.4tUS$426.6bUS$41.4b18.7x57.6x5.6x
Thu, 11 Jun 2026US$2.3tUS$429.5bUS$42.0b14.8x54.4x5.3x
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
Price to Earnings Ratio

29.8x


Total Market Cap: US$284.3bTotal 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 1.1x202420252026
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 57.6x which is higher than its 3-year average PE of 1.0x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 5.6x.
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 12% 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 Market0.11%
Telecom-1.53%
Telecom Services and Carriers-7.73%
Integrated Telecom Services1.15%
Alternative Carriers-9.39%
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 15.1x.
    • Analysts are expecting annual earnings growth of 0.4%, which is higher than its past year's earnings decline of 2.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 61% 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
T AT&TUS$21.554.7%
+US$6.7b		-20.7%PE7x
VZ Verizon CommunicationsUS$42.681.5%
+US$2.5b		2.6%PE10.3x
CMCSA ComcastUS$23.972.5%
+US$2.1b		-32.7%PE4.6x
BAND BandwidthUS$73.8121.7%
+US$420.7m		381.8%PS3x
CCOI Cogent Communications HoldingsUS$12.936.1%
+US$35.6m		-74.4%PS0.7x

Latest News

LUMN
US$6.45
Lumen Technologies
7D
-0.5%
1Y
40.2%
T
US$21.55
AT&T
7D
4.7%
1Y
-20.7%
VZ
US$42.68
Verizon Communications
7D
1.5%
1Y
2.6%
IRDM
US$48.59
Iridium Communications
7D
-7.6%
1Y
53.2%
IOTR
US$3.20
iOThree
7D
20.8%
1Y
-33.2%
LBTY.A
US$10.90
Liberty Global
7D
0.3%
1Y
7.6%
SPCX
US$139.14
Space Exploration Technologies
7D
-13.3%
1Y
n/a
Seeking Alpha • Jul 10

SpaceX: The IPO Hype Is Fading - Why Shares' True Value May Be Less Than Half Its Market Cap

Summary SpaceX is rated Sell with a $64/share price target, citing an unsustainable $1.95t valuation and excessive 327.72x EV/aEBITDA multiple. SPCX’s growth is driven by major AI data center hosting agreements and defense contracts, but long-term AI TAM assumptions are increasingly questioned. The recent $60b Cursor acquisition and Grok 4.5 launch position SPCX for enterprise AI, yet profitability faces headwinds from launch costs and rising debt. While orbital data center ambitions and vertical integration offer upside, intensifying competition and uncertain execution challenge SPCX’s premium valuation. Read the full article on Seeking Alpha
ASTS
US$67.58
AST SpaceMobile
7D
-16.2%
1Y
41.2%
Narrative Update • Jul 10

ASTS: Japan JV And FCC Approval Will Drive Direct-To-Phone Coverage Potential

Analysts now see fair value for AST SpaceMobile at $108, up from $95, reflecting updated assumptions on launch timing, direct to device positioning relative to Starlink, and the recent mix of price target revisions and rating changes across the Street. Analyst Commentary Recent research on AST SpaceMobile highlights a wide spread of views, with some analysts focusing on execution risks and others pointing to upside potential tied to direct to device momentum and new partnership structures.
TSAT
US$37.70
Telesat
7D
-18.7%
1Y
50.2%
BAND
US$73.81
Bandwidth
7D
21.7%
1Y
381.8%
Narrative Update • Jul 09

BAND: AI Build And Convertible Notes Will Limit Long Term Upside

Analysts have lifted their price target for Bandwidth from $24.50 to $55.75, citing updated assumptions around lower discount rates, adjusted revenue growth expectations, higher projected profit margins, and a richer future P/E multiple. What’s in the News for Bandwidth Bandwidth Inc.
ITG
US$13.25
ITG
7D
-9.8%
1Y
n/a
ATEX
US$103.35
Anterix
7D
-2.5%
1Y
339.8%
IDT
US$61.40
IDT
7D
1.9%
1Y
4.1%
CMCSA
US$23.97
Comcast
7D
2.5%
1Y
-32.7%
Narrative Update • Jun 30

CMCSA: Broadband Pricing Reset Will Restrain Returns Despite NBCUniversal Spin Off

The analyst fair value estimate for Comcast has been revised modestly higher to about $22.22 per share from roughly $21.50, reflecting fresh Buy ratings and higher $31 to $32 price targets tied to the planned NBCUniversal spin-off and renewed focus on the broadband business. Analyst Commentary Recent research on Comcast highlights a mix of renewed optimism around the planned NBCUniversal spin off and lingering caution around broadband growth, competition, and earnings visibility.
CCOI
US$12.93
Cogent Communications Holdings
7D
6.1%
1Y
-74.4%
GSAT
US$79.83
Globalstar
7D
-0.5%
1Y
188.9%