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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies55
  • 7D0.4%
  • 3M15.3%
  • 1Y8.2%
  • YTD14.9%

The Telecom Services and Carriers is pretty flat in the last 7 days, but AT&T has stood out, gaining 3.7%. The past year has been better, since the industry has gained 8.2% in that time. As for the next few years, earnings are expected to grow by 7.8% 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
Thu, 26 Mar 2026US$578.2bUS$406.4bUS$51.3b13.6x11.3x1.4x
Sat, 21 Feb 2026US$571.1bUS$406.4bUS$50.8b9.7x11.2x1.4x
Mon, 19 Jan 2026US$508.8bUS$410.1bUS$61.1b9.6x8.3x1.2x
Wed, 17 Dec 2025US$403.2bUS$284.0bUS$38.4b9.2x10.5x1.4x
Fri, 14 Nov 2025US$416.9bUS$287.7bUS$38.2b9.1x10.9x1.4x
Sun, 12 Oct 2025US$420.3bUS$286.4bUS$25.5b14x16.5x1.5x
Tue, 09 Sep 2025US$451.0bUS$286.5bUS$25.5b15.2x17.7x1.6x
Thu, 07 Aug 2025US$430.1bUS$286.4bUS$25.8b15.5x16.7x1.5x
Sat, 05 Jul 2025US$435.8bUS$282.4bUS$27.5b17.9x15.8x1.5x
Mon, 02 Jun 2025US$422.7bUS$282.3bUS$27.5b17x15.4x1.5x
Wed, 30 Apr 2025US$415.1bUS$283.2bUS$29.4b13x14.1x1.5x
Fri, 28 Mar 2025US$427.9bUS$281.8bUS$28.1b10.8x15.2x1.5x
Sun, 23 Feb 2025US$413.9bUS$281.3bUS$28.5b15.4x14.5x1.5x
Tue, 21 Jan 2025US$364.8bUS$283.6bUS$13.1b18.1x27.8x1.3x
Thu, 19 Dec 2024US$379.1bUS$284.8bUS$12.9b18.6x29.4x1.3x
Sat, 16 Nov 2024US$372.9bUS$281.4bUS$13.3b18.9x28.1x1.3x
Mon, 14 Oct 2024US$374.0bUS$281.4bUS$21.2b18.4x17.6x1.3x
Wed, 11 Sep 2024US$372.9bUS$281.4bUS$21.2b18.8x17.6x1.3x
Fri, 09 Aug 2024US$341.7bUS$281.3bUS$22.4b15.2x15.3x1.2x
Sun, 07 Jul 2024US$339.5bUS$281.1bUS$22.7b23x15x1.2x
Tue, 04 Jun 2024US$334.4bUS$281.1bUS$22.7b27.5x14.7x1.2x
Thu, 02 May 2024US$315.3bUS$281.7bUS$21.5b27.3x14.7x1.1x
Sat, 30 Mar 2024US$331.4bUS$281.7bUS$22.5b28.1x14.7x1.2x
Mon, 26 Feb 2024US$321.8bUS$283.7bUS$20.7b22.8x15.6x1.1x
Wed, 24 Jan 2024US$325.2bUS$299.8b-US$16,648,702,739.0015.3x-19.5x1.1x
Fri, 22 Dec 2023US$312.3bUS$300.0b-US$7,362,256,559.0012.7x-42.4x1x
Sun, 19 Nov 2023US$301.3bUS$300.0b-US$7,363,750,550.0010.1x-40.9x1x
Tue, 17 Oct 2023US$269.4bUS$301.0b-US$2,071,375,024.008.7x-130.1x0.9x
Thu, 14 Sep 2023US$283.6bUS$301.1b-US$2,062,117,552.009.5x-137.5x0.9x
Sat, 12 Aug 2023US$283.3bUS$301.0b-US$996,860,238.0010.1x-284.2x0.9x
Mon, 10 Jul 2023US$300.9bUS$302.2bUS$9.5b11.8x31.5x1x
Wed, 07 Jun 2023US$295.2bUS$302.2bUS$9.5b10.7x31x1x
Fri, 05 May 2023US$317.3bUS$302.2bUS$11.5b10.8x27.5x1.1x
Sun, 02 Apr 2023US$341.7bUS$303.3bUS$11.8b13.4x29x1.1x
Price to Earnings Ratio

29x


Total Market Cap: US$341.7bTotal Earnings: US$11.8bTotal Revenue: US$303.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.4x202420252026
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 11.3x which is higher than its 3-year average PE of 1.4x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.4x.
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 10% 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-2.29%
Telecom-5.02%
Telecom Services and Carriers0.40%
Integrated Telecom Services1.09%
Alternative Carriers-5.81%
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 16.6x.
    • Analysts are expecting annual earnings decline of 1.1%, which is lower than the prior year's growth of 13.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 95% over the next 5 years.
  • This is better than its past earnings growth rate of 43% 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$28.873.7%
+US$6.6b		5.7%PE9.2x
VZ Verizon CommunicationsUS$50.910.8%
+US$1.6b		17.1%PE12.5x
LILA Liberty Latin AmericaUS$8.254.0%
+US$64.0m		25.6%PS0.4x
IRDM Iridium CommunicationsUS$26.832.2%
+US$61.9m		-7.5%PE24.6x
BAND BandwidthUS$16.499.6%
+US$45.5m		9.6%PS0.7x

Latest News

IRDM
US$29.68
Iridium Communications
7D
16.3%
1Y
0.5%
CMCSA
US$28.73
Comcast
7D
0.6%
1Y
-23.1%
LBTY.A
US$12.28
Liberty Global
7D
3.5%
1Y
5.0%
IHS
US$8.24
IHS Holding
7D
-0.1%
1Y
57.0%
CCOI
US$18.34
Cogent Communications Holdings
7D
-5.1%
1Y
-70.9%

CCOI: Future Data Center Sales And Refinancing Should Support Balance Sheet Recovery

The analyst price target for Cogent Communications Holdings has been trimmed by around $0.10 to reflect a slightly higher discount rate and modestly lower profit margin assumptions, as analysts react to softer Q4 results, ongoing revenue pressure in off net and wavelength services, and uncertainty around data center sales and balance sheet progress. Analyst Commentary Street research has turned more cautious on Cogent Communications Holdings, with several firms cutting price targets after Q4 results and updates on data center and wavelength activity.
TSAT
US$40.38
Telesat
7D
-0.05%
1Y
96.1%
GSAT
US$67.38
Globalstar
7D
14.8%
1Y
192.3%

GSAT: De Risked Satellite Services And Spectrum Optionality Will Drive Upside Potential

Analysts have lifted Globalstar's price target to $71 from $66, citing a combination of a "de-risked" Apple supported satellite services business, underused terrestrial spectrum assets, and improved government services expectations related to XCOM Radio Access Network's commercial progress. Analyst Commentary Analysts lifting the price target to $71 frame Globalstar as a hybrid story, combining its satellite services with underused terrestrial spectrum and potential government work tied to XCOM Radio Access Network.
T
US$28.81
AT&T
7D
5.1%
1Y
4.2%

T: Future Returns Will Be Pressured By Rich P/E Versus Fundamentals

Analysts have raised AT&T's price target to $25.11 from $23.24, reflecting updated assumptions that include slightly higher revenue growth, a modest change in the discount rate, a small adjustment to profit margin expectations, and a higher future P/E multiple. What's in the News AT&T introduced updated Unlimited Your Way wireless plans, including the new AT&T Value 2.0 entry level option, offering mix and match flexibility, more high speed data, and features such as ActiveArmor and unlimited talk, text, and data across the U.S., Canada, and Mexico (Product related announcement).
LUMN
US$6.97
Lumen Technologies
7D
6.3%
1Y
67.1%

LUMN: Balance Sheet Repair Will Not Resolve Ongoing Revenue Execution Concerns

Analysts have raised the Lumen Technologies price target by $1 to a new fair value estimate of $6.00. This reflects a combination of higher applied multiples, ongoing balance sheet repair, asset sale proceeds, and cost cutting, partially offset by a higher discount rate and continued caution around revenue trends.
VZ
US$50.37
Verizon Communications
7D
1.6%
1Y
14.0%

VZ: Fair Value View Will Reflect Cost Cuts And Execution Risks

Narrative Update: Verizon Communications The analyst price target for Verizon Communications edges higher to approximately $50.00, up by a small fraction. Analysts point to firming trends in subscriber additions, cost efficiencies and broadband growth, which are reflected in a slightly higher fair value estimate and a modestly higher assumed future P/E of about 12x.
ASTS
US$96.06
AST SpaceMobile
7D
5.9%
1Y
252.0%
IQST
US$1.80
iQSTEL
7D
-3.7%
1Y
-84.7%
SIFY
US$14.06
Sify Technologies
7D
-3.4%
1Y
229.3%