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U.S. Telecom Services and Carriers Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies54
  • 7D-1.5%
  • 3M13.0%
  • 1Y3.7%
  • YTD13.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.5%, driven by Verizon Communications declining 2.6%. Meanwhile, Globalstar actually outperformed within the industry, gaining 29% in the last week. This takes the industry's 12 month performance to a gain of 3.7%. Looking forward, earnings are forecast to grow by 7.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026US$566.0bUS$406.4bUS$51.3b13.5x11x1.4x
Sun, 01 Mar 2026US$575.1bUS$406.4bUS$50.8b10.6x11.3x1.4x
Tue, 27 Jan 2026US$507.9bUS$404.0bUS$61.5b9.7x8.3x1.3x
Thu, 25 Dec 2025US$406.8bUS$284.0bUS$38.4b9.4x10.6x1.4x
Sat, 22 Nov 2025US$402.4bUS$284.0bUS$38.4b9x10.5x1.4x
Mon, 20 Oct 2025US$427.3bUS$286.5bUS$25.5b13.9x16.8x1.5x
Wed, 17 Sep 2025US$448.2bUS$286.5bUS$25.5b15x17.6x1.6x
Fri, 15 Aug 2025US$439.9bUS$286.4bUS$25.5b15x17.3x1.5x
Sun, 13 Jul 2025US$412.6bUS$282.4bUS$27.5b16.1x15x1.5x
Tue, 10 Jun 2025US$427.6bUS$282.3bUS$27.5b17.1x15.5x1.5x
Thu, 08 May 2025US$429.6bUS$283.3bUS$27.3b16.7x15.7x1.5x
Sat, 05 Apr 2025US$437.4bUS$281.9bUS$28.1b13.4x15.6x1.6x
Mon, 03 Mar 2025US$420.2bUS$281.3bUS$28.2b10.4x14.9x1.5x
Wed, 29 Jan 2025US$385.8bUS$284.5bUS$22.7b16.3x17x1.4x
Fri, 27 Dec 2024US$377.3bUS$284.8bUS$12.9b18.9x29.2x1.3x
Sun, 24 Nov 2024US$388.5bUS$281.4bUS$13.3b19.4x29.3x1.4x
Tue, 22 Oct 2024US$384.6bUS$281.4bUS$21.2b18x18.1x1.4x
Thu, 19 Sep 2024US$381.7bUS$281.4bUS$21.2b18.8x18x1.4x
Sat, 17 Aug 2024US$343.6bUS$281.4bUS$21.2b18.8x16.2x1.2x
Mon, 15 Jul 2024US$342.2bUS$281.1bUS$22.7b23.3x15.1x1.2x
Wed, 12 Jun 2024US$327.8bUS$281.1bUS$22.7b26x14.4x1.2x
Fri, 10 May 2024US$317.7bUS$281.2bUS$22.6b26.8x14x1.1x
Sun, 07 Apr 2024US$329.6bUS$281.7bUS$22.5b27.6x14.6x1.2x
Tue, 05 Mar 2024US$319.8bUS$283.9bUS$20.8b25x15.4x1.1x
Thu, 01 Feb 2024US$342.8bUS$300.5bUS$8.4b14x41x1.1x
Sat, 30 Dec 2023US$317.9bUS$300.0b-US$7,362,413,150.0015x-43.2x1.1x
Mon, 27 Nov 2023US$309.1bUS$300.0b-US$7,362,663,746.0010.1x-42x1x
Wed, 25 Oct 2023US$272.4bUS$301.4b-US$4,556,306,599.007x-59.8x0.9x
Fri, 22 Sep 2023US$285.8bUS$301.1b-US$2,062,128,528.008.3x-138.6x0.9x
Sun, 20 Aug 2023US$277.4bUS$301.0b-US$2,059,802,299.0010.5x-134.7x0.9x
Tue, 18 Jul 2023US$283.7bUS$302.2bUS$9.5b12x29.7x0.9x
Thu, 15 Jun 2023US$301.8bUS$302.2bUS$9.5b11.6x31.6x1x
Sat, 13 May 2023US$317.5bUS$302.1bUS$9.5b11.3x33.3x1.1x
Mon, 10 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 11.0x 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 Market1.90%
Telecom4.04%
Telecom Services and Carriers-1.46%
Alternative Carriers8.65%
Integrated Telecom Services-2.40%
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 16.4x.
    • 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$77.7329.0%
+US$2.2b		295.6%PS36.6x
ASTS AST SpaceMobileUS$92.625.4%
+US$1.4b		329.2%PS382.2x
UNIT Uniti GroupUS$10.3331.6%
+US$592.9m		26.1%PE2x
IRDM Iridium CommunicationsUS$32.8616.1%
+US$477.6m		28.5%PE30.2x
LUMN Lumen TechnologiesUS$6.993.4%
+US$235.6m		99.7%PS0.6x

Latest News

T
US$28.33
AT&T
7D
-2.0%
1Y
-0.9%
VZ
US$49.40
Verizon Communications
7D
-2.6%
1Y
8.3%
ELWT
US$6.50
Elauwit Connection
7D
-5.4%
1Y
n/a
IRDM
US$32.86
Iridium Communications
7D
16.1%
1Y
28.5%
LUMN
US$6.99
Lumen Technologies
7D
3.4%
1Y
99.7%

Lumen Under Pressure As Turnaround Story Concludes (Rating Downgrade)

Apr 02
GSAT
US$77.73
Globalstar
7D
29.0%
1Y
295.6%
CMCSA
US$27.93
Comcast
7D
-2.8%
1Y
-21.8%

CMCSA: Future Returns Will Be Weighed Down By Rising Fiber Headwinds

Analysts have trimmed their fair value estimate for Comcast by about $0.42 to $23.28, reflecting recent cuts to Street price targets and growing caution around competitive fiber headwinds and wireline growth pressure, partly balanced by relatively stable profit margin and P/E assumptions. Analyst Commentary Recent Street research around Comcast reflects a cautious tone, with several bearish analysts trimming price targets and revisiting ratings as competitive and structural pressures come into focus.
UNIT
US$10.33
Uniti Group
7D
31.6%
1Y
26.1%

UNIT: Neutral Stance And 2026 Loss Outlook Will Limit Re Rating Potential

Narrative Update: Uniti Group Analyst Price Target Shift The analyst price target for Uniti Group is now $9, up from $8.80. The change is supported by updated post-Q4 models and broader REIT group target revisions cited in recent Street research.
NXPL
US$0.45
NextPlat
7D
-17.3%
1Y
-41.7%
LBTY.A
US$12.24
Liberty Global
7D
1.5%
1Y
11.1%

LBTY.A: Fiber Deals And Buybacks Will Support Future Upside Potential

Analysts recently raised their price target on Liberty Global to $14 from $13, reflecting updated forecasts and valuation work following the latest company results, along with modest adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the move to a US$14 price target as aligned with updated valuation work that reflects the latest company results, suggesting that current pricing screens as broadly in line with their fair value range.
GLIB.A
US$36.64
GCI Liberty
7D
-0.05%
1Y
n/a
ATNI
US$27.38
ATN International
7D
-0.7%
1Y
41.1%

ATNI: Higher Margin Assumptions And Buybacks Will Support Future Upside Potential

Analysts have adjusted their price target for ATN International to $69.00, with the update grounded in refreshed assumptions around discount rate, profit margin, and future P/E. However, the fair value estimate of $69 remains unchanged.
CCOI
US$19.00
Cogent Communications Holdings
7D
6.0%
1Y
-68.4%

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.
ASTS
US$92.62
AST SpaceMobile
7D
5.4%
1Y
329.2%
SIFY
US$13.74
Sify Technologies
7D
3.2%
1Y
212.3%