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U.S. Telecom Services and Carriers Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies57
  • 7D-2.2%
  • 3M7.0%
  • 1Y3.6%
  • YTD6.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.8%, driven by a pullback from Comcast of 7.3%. In the past year, the industry has gained 4.0%. Earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026US$535.9bUS$409.0bUS$49.5b12.6x10.8x1.3x
Thu, 26 Mar 2026US$580.7bUS$406.4bUS$51.3b13.5x11.3x1.4x
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
Price to Earnings Ratio

27.5x


Total Market Cap: US$317.3bTotal Earnings: US$11.5bTotal Revenue: US$302.2bTotal 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 10.8x which is higher than its 3-year average PE of 0.88x.
  • 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 Market0.72%
Telecom1.22%
Telecom Services and Carriers-2.21%
Integrated Telecom Services-2.04%
Alternative Carriers-3.63%
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
VZ Verizon CommunicationsUS$47.101.4%
+US$2.8b		11.1%PE11.5x
LUMN Lumen TechnologiesUS$8.943.1%
+US$276.6m		149.7%PS0.7x
GSAT GlobalstarUS$81.901.9%
+US$199.3m		316.4%PS38.6x
ATEX AnterixUS$47.2110.8%
+US$86.4m		59.6%PE10.9x
CCOI Cogent Communications HoldingsUS$24.685.0%
+US$56.3m		-54.9%PS1.3x

Latest News

CMCSA
US$27.51
Comcast
7D
-7.5%
1Y
-18.5%
IDT
US$52.46
IDT
7D
0.3%
1Y
6.0%

IDT: Buybacks And Rising Dividend Will Support Future Upside

Analysts have maintained their $80 price target for IDT, reflecting stable views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News From November 1, 2025 to January 31, 2026, IDT repurchased 149,109 shares, about 0.59% of its shares, for US$7.43 million under its existing buyback program.
LILA
US$8.15
Liberty Latin America
7D
-3.7%
1Y
49.5%

LILA: Completed Buybacks And Stable Assumptions Will Support Future Share Rebound

Analysts kept their price target for Liberty Latin America steady at about $11.90, citing largely unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E. What's in the News Completed share repurchase of 300,000 shares, or 0.15% of outstanding, for US$2.51 million between October 1, 2025 and December 31, 2025 under the May 8, 2023 buyback program (Key Developments).
VZ
US$47.10
Verizon Communications
7D
1.4%
1Y
11.1%
IRDM
US$37.40
Iridium Communications
7D
-10.4%
1Y
54.8%
SHEN
US$16.10
Shenandoah Telecommunications
7D
-3.7%
1Y
25.5%
ASTS
US$77.20
AST SpaceMobile
7D
-3.5%
1Y
223.0%
T
US$25.52
AT&T
7D
-2.5%
1Y
-6.4%

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$11.80
Uniti Group
7D
-1.1%
1Y
45.8%
CCOI
US$24.68
Cogent Communications Holdings
7D
5.0%
1Y
-54.9%

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$46.36
Telesat
7D
-12.7%
1Y
188.7%
NXPL
US$6.93
NextPlat
7D
18.1%
1Y
25.9%
ATEX
US$47.21
Anterix
7D
10.8%
1Y
59.6%
LUMN
US$8.94
Lumen Technologies
7D
3.1%
1Y
149.7%
GSAT
US$81.90
Globalstar
7D
1.9%
1Y
316.4%
LBTY.A
US$11.61
Liberty Global
7D
-9.1%
1Y
5.4%

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.