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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies53
  • 7D-1.4%
  • 3M13.1%
  • 1Y4.4%
  • YTD13.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.4%, driven by AST SpaceMobile declining 17%. Over the past 12 months, the industry was up 4.4%. As for the next few years, earnings are expected to grow by 7.0% 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, 31 Mar 2026US$575.6bUS$406.4bUS$51.3b13.7x11.2x1.4x
Thu, 26 Feb 2026US$581.1bUS$406.4bUS$50.8b10x11.4x1.4x
Sat, 24 Jan 2026US$508.8bUS$404.0bUS$61.5b9.7x8.3x1.3x
Mon, 22 Dec 2025US$399.9bUS$284.0bUS$38.4b9.3x10.4x1.4x
Wed, 19 Nov 2025US$406.1bUS$284.0bUS$38.4b9x10.6x1.4x
Fri, 17 Oct 2025US$429.5bUS$286.5bUS$25.5b14x16.9x1.5x
Sun, 14 Sep 2025US$447.0bUS$286.5bUS$25.5b15.1x17.5x1.6x
Tue, 12 Aug 2025US$433.1bUS$286.4bUS$25.5b15.5x17x1.5x
Thu, 10 Jul 2025US$433.3bUS$282.4bUS$27.5b17.1x15.7x1.5x
Sat, 07 Jun 2025US$422.7bUS$282.3bUS$27.5b17.2x15.3x1.5x
Mon, 05 May 2025US$421.5bUS$283.3bUS$27.3b16.6x15.4x1.5x
Wed, 02 Apr 2025US$435.2bUS$281.8bUS$28.1b14x15.5x1.5x
Fri, 28 Feb 2025US$415.1bUS$281.4bUS$28.3b14.8x14.7x1.5x
Sun, 26 Jan 2025US$370.0bUS$284.2bUS$20.9b18.4x17.7x1.3x
Tue, 24 Dec 2024US$374.4bUS$284.8bUS$12.9b18.7x29x1.3x
Thu, 21 Nov 2024US$379.8bUS$281.4bUS$13.3b19x28.7x1.3x
Sat, 19 Oct 2024US$383.6bUS$281.4bUS$21.2b18.4x18.1x1.4x
Mon, 16 Sep 2024US$382.6bUS$281.4bUS$21.2b18.7x18.1x1.4x
Wed, 14 Aug 2024US$344.4bUS$281.3bUS$21.2b19x16.2x1.2x
Fri, 12 Jul 2024US$338.7bUS$281.1bUS$22.7b23.4x14.9x1.2x
Sun, 09 Jun 2024US$332.5bUS$281.1bUS$22.7b26.9x14.7x1.2x
Tue, 07 May 2024US$316.6bUS$281.5bUS$22.7b26.8x14x1.1x
Thu, 04 Apr 2024US$334.5bUS$281.7bUS$22.5b27x14.8x1.2x
Sat, 02 Mar 2024US$320.6bUS$283.9bUS$20.8b25.5x15.4x1.1x
Mon, 29 Jan 2024US$340.7bUS$300.5bUS$8.4b14.3x40.8x1.1x
Wed, 27 Dec 2023US$315.6bUS$300.0b-US$7,362,410,294.0013.3x-42.9x1.1x
Fri, 24 Nov 2023US$308.1bUS$300.0b-US$7,363,754,256.0010.1x-41.8x1x
Sun, 22 Oct 2023US$276.9bUS$301.4b-US$4,556,316,300.007.8x-60.8x0.9x
Tue, 19 Sep 2023US$285.9bUS$301.1b-US$2,062,136,533.009.5x-138.7x0.9x
Thu, 17 Aug 2023US$278.9bUS$301.0b-US$2,059,879,965.009.7x-135.4x0.9x
Sat, 15 Jul 2023US$283.8bUS$302.2bUS$9.5b12.2x29.7x0.9x
Mon, 12 Jun 2023US$300.5bUS$302.2bUS$9.5b10.8x31.6x1x
Wed, 10 May 2023US$318.6bUS$302.0bUS$11.3b11.5x28.2x1.1x
Fri, 07 Apr 2023US$346.0bUS$303.3bUS$11.8b13.2x29.4x1.1x
Price to Earnings Ratio

29.4x


Total Market Cap: US$346.0bTotal 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 1.3x202420252026
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 11.2x which is higher than its 3-year average PE of 1.3x.
  • 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-3.50%
Telecom-5.65%
Telecom Services and Carriers-1.41%
Integrated Telecom Services-0.41%
Alternative Carriers-10.75%
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 16.5x.
    • Analysts are expecting annual earnings decline of 1.3%, 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 93% 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
GSAT GlobalstarUS$61.822.0%
+US$156.8m		196.4%PS29.1x
T AT&TUS$28.780.07%
+US$139.7m		1.8%PE9.2x
UNIT Uniti GroupUS$8.104.2%
+US$78.9m		-3.1%PE1.6x
LILA Liberty Latin AmericaUS$8.564.8%
+US$78.0m		35.2%PS0.4x
IRDM Iridium CommunicationsUS$26.811.9%
+US$53.5m		-1.9%PE24.6x

Latest News

VZ
US$50.30
Verizon Communications
7D
-0.6%
1Y
10.9%
UNIT
US$8.10
Uniti Group
7D
4.2%
1Y
-3.1%
LUMN
US$6.39
Lumen Technologies
7D
-5.6%
1Y
63.0%
T
US$28.78
AT&T
7D
0.07%
1Y
1.8%
LILA
US$8.56
Liberty Latin America
7D
4.8%
1Y
35.2%

LILA: Higher Assumed P/E Multiple Will Support Future Share Rebound

Analysts have adjusted their price target on Liberty Latin America to $11.90, reflecting updated views on slightly higher revenue growth expectations, a lower projected profit margin, and a higher assumed future P/E multiple. What's in the News Completed share repurchases of 300,000 shares between October 1, 2025 and December 31, 2025 for US$2.51 million, representing 0.15% of the company under the buyback program announced on May 8, 2023 (Key Developments).
IDT
US$49.02
IDT
7D
1.6%
1Y
-4.5%

IDT: Share Repurchases And Dividend Policy Will Support Future Upside

Analysts have revised their price target on IDT to reflect updated views on revenue growth, profit margins, and the future P/E multiple. This has led to an adjusted fair value estimate of approximately $80.00 per share.
IRDM
US$26.81
Iridium Communications
7D
1.9%
1Y
-1.9%
CMCSA
US$28.90
Comcast
7D
-1.1%
1Y
-21.3%
CCOI
US$17.46
Cogent Communications Holdings
7D
-7.4%
1Y
-71.5%

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$33.65
Telesat
7D
-17.3%
1Y
78.7%
GSAT
US$61.82
Globalstar
7D
2.0%
1Y
196.4%

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.
ASTS
US$73.82
AST SpaceMobile
7D
-16.5%
1Y
224.6%
BAND
US$17.24
Bandwidth
7D
4.3%
1Y
31.6%
ATEX
US$36.49
Anterix
7D
-5.5%
1Y
-0.3%
SHEN
US$15.04
Shenandoah Telecommunications
7D
2.9%
1Y
19.7%
SIFY
US$12.41
Sify Technologies
7D
-13.2%
1Y
190.0%