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U.S. Telecom Services and Carriers Industry Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies55
  • 7D1.7%
  • 3M-4.1%
  • 1Y-0.5%
  • YTD-3.5%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.3%, driven by a pullback from Comcast of 4.9%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 47% 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, 12 Sep 2026US$2.5tUS$430.4bUS$35.9b21.4x70.8x5.9x
Mon, 10 Aug 2026US$2.3tUS$430.4bUS$36.2b19.8x62.7x5.3x
Wed, 08 Jul 2026US$2.6tUS$426.6bUS$41.4b18.6x62.4x6.1x
Fri, 05 Jun 2026US$518.6bUS$410.3bUS$51.3b15.1x10.1x1.3x
Sun, 03 May 2026US$539.0bUS$410.1bUS$49.7b12.7x10.8x1.3x
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
Price to Earnings Ratio

-138.7x


Total Market Cap: US$285.9bTotal Earnings: -US$2,062,136,533.00Total Revenue: US$301.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 9.6x202420252026
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 70.4x which is higher than its 3-year average PE of 9.6x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • Total earnings for the Telecom industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?

US Market-0.97%
Telecom1.18%
Telecom Services and Carriers1.72%
Alternative Carriers2.13%
Integrated Telecom Services-0.025%
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 14.4x.
    • Analysts are expecting annual earnings growth of 4.0%, which is higher than its past year's earnings decline of 14.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 4.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SPCX Space Exploration TechnologiesUS$151.212.2%
+US$44.2b		n/aPS89.1x
T AT&TUS$26.061.5%
+US$2.6b		-11.9%PE8.3x
VZ Verizon CommunicationsUS$50.610.9%
+US$2.0b		15.1%PE13x
BAND BandwidthUS$56.8729.9%
+US$421.6m		246.6%PE808.4x
LUMN Lumen TechnologiesUS$6.942.5%
+US$175.3m		14.7%PS0.6x

Latest News

LBTY.A
US$10.47
Liberty Global
7D
-1.4%
1Y
-12.0%
CMCSA
US$25.20
Comcast
7D
-4.9%
1Y
-23.8%
ATEX
US$82.18
Anterix
7D
-4.7%
1Y
290.0%
VZ
US$50.61
Verizon Communications
7D
0.9%
1Y
15.1%
T
US$26.06
AT&T
7D
1.5%
1Y
-11.9%
UNIT
US$10.07
Uniti Group
7D
-1.0%
1Y
45.1%
CCOI
US$9.33
Cogent Communications Holdings
7D
-7.2%
1Y
-74.1%
Narrative Update • Sep 05

CCOI: Execution On Data Center Sales Will Drive Future Upside Potential

Cogent Communications Holdings' analyst fair value estimate has been revised down from about $32.16 to about $27.69, as analysts lower price targets into a $9 to $12.50 range following softer revenue and EBITDA, slower wave installations, Sprint contract runoff, and updated models after a challenging Q2. Analyst Commentary on Cogent Communications Holdings Recent Street research on Cogent Communications Holdings points to a tougher near term setup, yet also highlights areas that some investors may view as potential support for the story.
IDT
US$70.51
IDT
7D
2.4%
1Y
6.3%
BAND
US$56.87
Bandwidth
7D
29.9%
1Y
246.6%
SPCX
US$151.21
Space Exploration Technologies
7D
2.2%
1Y
n/a
Seeking Alpha • Sep 04

SpaceX: I Was A Bear, But Now I See Clear Upside

Summary SpaceX is rated Strong Buy with a $220 price target, implying 47% upside driven by robust AI growth. SPCX operates three segments: Connectivity (55% of revenue), AI (33%), and Space (12%), each in aggressive ramp mode. AI, especially post-xAI acquisition, is the primary long-term growth driver, projected to reach a ~$330B top line by decade’s end. Valuation is demanding (82.3x EV/EBITDA), but DCF supports upside; risks include capital intensity, competition, and secondary offerings. Read the full article on Seeking Alpha
LUMN
US$6.94
Lumen Technologies
7D
2.5%
1Y
14.7%
Narrative Update • Sep 04

LUMN: Cloud And AI Network Expansion Will Support Future Re Rating

Lumen Technologies' updated analyst price target has declined from $10.00 to $9.00, as analysts reflect lower external targets from Citi at $8.25 and from Goldman Sachs at $7.25, along with revised assumptions around discount rates, revenue trends, margins, and future P/E expectations. Analyst Commentary Recent Street research on Lumen Technologies shows analysts recalibrating their expectations while keeping a neutral stance on the stock.
TSAT
US$49.75
Telesat
7D
10.8%
1Y
122.7%
LILA
US$8.81
Liberty Latin America
7D
3.4%
1Y
17.2%
ASTS
US$59.86
AST SpaceMobile
7D
-3.9%
1Y
54.6%
Seeking Alpha • Sep 01

AST SpaceMobile: Q2 Was The Most Bullish Call But Overshadowed By Possible Manufacturing Delays

Summary AST SpaceMobile remains a compelling buy, though I downgrade it to buy due to short-term manufacturing delays impacting satellite launch cadence. Q2 call highlighted multi-billion-dollar revenue potential across defense, B2B, IoT, and other segments, with the defense base case now raised to $3 billion annually. Fair value is $165 per share, reflecting a higher discount rate amid manufacturing uncertainty; the long-term target remains $315–$551 per share by 2030. Execution risk centers on scaling manufacturing and timely satellite deployment, but expanded production capacity and a strong cash position support the investment thesis. Read the full article on Seeking Alpha
SHEN
US$11.91
Shenandoah Telecommunications
7D
-5.4%
1Y
-12.2%
SIFY
US$13.78
Sify Technologies
7D
-4.0%
1Y
18.1%