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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies57
  • 7D-11.1%
  • 3M-13.6%
  • 1Y-9.1%
  • YTD-16.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 11%, driven by Space Exploration Technologies declining 14%. However, the industry is down 9.1% over the past year. 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
Fri, 17 Jul 2026US$2.3tUS$426.6bUS$41.4b19.3x54.5x5.3x
Sun, 14 Jun 2026US$2.6tUS$429.5bUS$42.0b15.1x62.6x6.1x
Tue, 12 May 2026US$525.7bUS$410.2bUS$51.5b13.2x10.2x1.3x
Thu, 09 Apr 2026US$562.9bUS$406.5bUS$51.3b12.8x11x1.4x
Sat, 07 Mar 2026US$594.3bUS$406.5bUS$50.8b10.4x11.7x1.5x
Mon, 02 Feb 2026US$546.4bUS$406.3bUS$55.9b10.9x9.8x1.3x
Wed, 31 Dec 2025US$407.5bUS$286.7bUS$38.5b9.7x10.6x1.4x
Fri, 28 Nov 2025US$408.0bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sun, 26 Oct 2025US$407.2bUS$287.0bUS$35.0b11.5x11.6x1.4x
Tue, 23 Sep 2025US$444.0bUS$286.5bUS$25.5b15.6x17.4x1.5x
Thu, 21 Aug 2025US$447.2bUS$286.4bUS$25.5b14.9x17.5x1.6x
Sat, 19 Jul 2025US$421.3bUS$282.4bUS$27.5b15.6x15.3x1.5x
Mon, 16 Jun 2025US$427.7bUS$282.4bUS$27.5b17.3x15.5x1.5x
Wed, 14 May 2025US$414.6bUS$282.3bUS$27.4b16.2x15.1x1.5x
Fri, 11 Apr 2025US$414.0bUS$282.0bUS$28.1b13.9x14.7x1.5x
Sun, 09 Mar 2025US$433.3bUS$281.4bUS$28.2b11.1x15.4x1.5x
Tue, 04 Feb 2025US$377.2bUS$284.5bUS$22.8b16.2x16.6x1.3x
Thu, 02 Jan 2025US$375.6bUS$283.7bUS$13.1b18.8x28.6x1.3x
Sat, 30 Nov 2024US$398.4bUS$281.4bUS$13.3b20.2x30.1x1.4x
Mon, 28 Oct 2024US$371.9bUS$281.2bUS$16.1b18.2x23.1x1.3x
Wed, 25 Sep 2024US$380.4bUS$281.4bUS$21.2b18.8x18x1.4x
Fri, 23 Aug 2024US$352.9bUS$281.4bUS$21.2b18.7x16.7x1.3x
Sun, 21 Jul 2024US$345.1bUS$281.1bUS$22.7b23.7x15.2x1.2x
Tue, 18 Jun 2024US$322.8bUS$281.1bUS$22.7b25.7x14.2x1.1x
Thu, 16 May 2024US$323.6bUS$281.0bUS$22.7b27.3x14.3x1.2x
Sat, 13 Apr 2024US$314.9bUS$281.7bUS$22.5b26.8x14x1.1x
Mon, 11 Mar 2024US$319.0bUS$283.8bUS$20.8b26.4x15.3x1.1x
Wed, 07 Feb 2024US$333.9bUS$300.3bUS$8.5b14.9x39.3x1.1x
Fri, 05 Jan 2024US$328.8bUS$300.0b-US$7,362,414,460.0021.3x-44.7x1.1x
Sun, 03 Dec 2023US$318.8bUS$300.0b-US$7,362,654,300.0010.2x-43.3x1.1x
Tue, 31 Oct 2023US$288.3bUS$300.5b-US$4,695,081,687.007x-61.4x1x
Thu, 28 Sep 2023US$277.8bUS$301.1b-US$2,062,137,286.008.3x-134.7x0.9x
Sat, 26 Aug 2023US$278.0bUS$301.1b-US$2,059,825,723.0010.3x-135x0.9x
Mon, 24 Jul 2023US$286.1bUS$302.2bUS$9.5b12.1x30x0.9x
Price to Earnings Ratio

30x


Total Market Cap: US$286.1bTotal 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 54.5x which is higher than its 3-year average PE of 1.1x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 5.3x.
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 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 Market-0.88%
Telecom-2.38%
Telecom Services and Carriers-11.08%
Integrated Telecom Services3.94%
Alternative Carriers-13.90%
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 0.5%, 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
VZ Verizon CommunicationsUS$43.883.9%
+US$6.8b		7.2%PE10.6x
T AT&TUS$21.984.5%
+US$6.5b		-18.6%PE7.2x
CMCSA ComcastUS$24.103.2%
+US$2.7b		-30.5%PE4.6x
IDT IDTUS$63.636.1%
+US$91.0m		11.9%PE19.3x
LILA Liberty Latin AmericaUS$7.492.5%
+US$36.3m		13.5%PS0.3x

Latest News

SPCX
US$131.11
Space Exploration Technologies
7D
-13.8%
1Y
n/a
Seeking Alpha • 1h

SpaceX: An Elite Entry Point Is Emerging, But I'm Staying Patient

Summary SpaceX remains a high-quality business, but the current valuation at $123.58 per share offers little margin of safety. I target staged entries: $100 per share for a 1% portfolio position size, $90 for 3%, and $65 for heavy accumulation, reflecting risk/reward asymmetry. Lock-up expirations and potential insider selling could pressure SPCX, with up to 911.5 million shares becoming sale-eligible after the first earnings report. My 12–18 month base price targets are $119–$136 per share; I recommend holding and waiting for more attractive entry points. Read the full article on Seeking Alpha
ASTS
US$55.01
AST SpaceMobile
7D
-25.5%
1Y
-4.2%
Seeking Alpha • 4h

AST SpaceMobile: Why I Bought The Dip

Summary AST SpaceMobile has dropped nearly 60%, but dilution was only the catalyst after weakening sentiment, execution concerns, and an unsustainably rich valuation. Nearly 60 global carriers have committed over $1.2 billion, providing access to more than 3 billion subscribers worldwide. Consensus expects revenue to grow from $170 million in 2026 to $2.84 billion by 2029, rapidly compressing valuation multiples. August's BlueBird Block 2 launch, Rakuten expansion, and commercialization milestones could fundamentally reshape investor sentiment during 2026. Despite execution risks, the recent correction offers a significantly improved risk-reward profile for long-term investors willing to tolerate volatility. Read the full article on Seeking Alpha
CMCSA
US$24.10
Comcast
7D
3.2%
1Y
-30.5%
LUMN
US$6.31
Lumen Technologies
7D
-6.5%
1Y
43.7%
TSAT
US$37.47
Telesat
7D
-11.8%
1Y
39.2%
Seeking Alpha • Jul 15

Telesat's Asset-Light Potential Versus SpaceX's Financial Clout

Summary Telesat stands out in the satellite sector by targeting enterprise markets and exploring an asset-light model for ground infrastructure. TSAT’s willingness to partner on ground infrastructure could reduce capex, preserve liquidity, and offer a competitive edge versus capital-intensive rivals. The company’s C$2.14B Canadian government loan, enterprise focus, and $1.1B Lightspeed backlog provide strategic and financial support amid execution risks. A moderate upside to $45–$46 is justified if TSAT executes on Lightspeed, narrows its P/CF gap with Eutelsat, and manages refinancing and deployment risks. Read the full article on Seeking Alpha
IRDM
US$46.61
Iridium Communications
7D
-7.9%
1Y
45.2%
Narrative Update • Jul 15

IRDM: Vertically Integrated Space Deal Will Test Spectrum Promise And Aireon Execution

Iridium Communications' analyst fair value estimate has shifted from $37.88 to $45.00. This reflects updated views on its acquisition by Rocket Lab and the role of Iridium's spectrum and on orbit services within a broader vertically integrated space platform.
VZ
US$43.88
Verizon Communications
7D
3.9%
1Y
7.2%
Seeking Alpha • Jul 15

Verizon: Executing Amid Industry Uncertainty, Raising My Target

Summary Verizon is reiterated as a "Buy," with an attractive valuation and a high 6.66% forward dividend yield. VZ raised its FY 2026 EPS guidance to $4.95–$4.99, supported by strong postpaid phone and broadband net adds. Despite competition risks and technical weakness, VZ’s fundamentals remain solid, with $6.55 free cash flow per share over the past year. The recent correction brings VZ into a key support zone, offering a favorable entry ahead of the July 24 Q2 earnings report. Read the full article on Seeking Alpha
IDT
US$63.63
IDT
7D
6.1%
1Y
11.9%
Seeking Alpha • Jul 15

IDT Corporation: A Sum-Of-The-Parts Story With Real Upside And Real Uncertainty

Summary IDT Corporation receives a neutral rating, with an FY 2027 price target implying just 5% upside, reflecting unattractive risk-reward. IDT's growth segments, especially NRS and net2phone, offset legacy declines; NRS recurring revenue grew 22% YoY, driving improved profitability and aEBITDA margin expansion. Potential catalysts include a spin-off of high-growth businesses like NRS or a favorable revenue mix shift away from legacy Traditional Communications. Risks center on growth segment deceleration or sharper-than-expected legacy declines, which could undermine both revenue and the upside narrative. Read the full article on Seeking Alpha
T
US$21.98
AT&T
7D
4.5%
1Y
-18.6%
Seeking Alpha • Jul 14

AT&T: Weighing The D2D And Broadband Threat From Starlink

Summary AT&T (T) has experienced a 30% stock decline amid fears over Starlink's direct-to-consumer mobile ambitions, but I view the sell-off as overdone. Starlink's technological advances and spectrum acquisitions present long-term potential, but significant operational and regulatory hurdles limit its immediate threat to U.S. carriers. T's strategic spectrum purchases, robust buyback plans, and anticipated $45B in shareholder returns position it as a value opportunity if satellite competition proves less disruptive. I see AT&T as a resilient incumbent, with a potential for 3-4% annual growth and a path to a debt-to-EBITDA ratio near 2.5x by 2028. Read the full article on Seeking Alpha
LILA
US$7.49
Liberty Latin America
7D
2.5%
1Y
13.5%
Narrative Update • Jul 13

LILA: Preferred Share Dividend And New Financing Will Support Future Upside

Analysts have reduced their fair value estimate for Liberty Latin America from $11.90 to about $10.07, reflecting updated assumptions related to preferred share issuance, sovereign rate movements, and a lower future P/E multiple near 9.4x. What’s in the News for Liberty Latin America Announced key dates for a special dividend of 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares, with a June 1, 2026 record date, a June 16, 2026 distribution date, and ex dividend trading set to begin on June 17, 2026.
LBTY.A
US$10.73
Liberty Global
7D
0.7%
1Y
7.3%
BAND
US$68.88
Bandwidth
7D
-12.2%
1Y
334.8%
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$10.58
ITG
7D
-26.3%
1Y
n/a
ATEX
US$93.97
Anterix
7D
-12.1%
1Y
312.5%
ATNI
US$24.10
ATN International
7D
2.1%
1Y
34.1%
ELWT
US$7.43
Elauwit Connection
7D
11.9%
1Y
n/a