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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies58
  • 7D-2.1%
  • 3M-7.3%
  • 1Y0.7%
  • YTD4.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.1%, driven by declines in Comcast and AT&T of 5.9% and 2.6%, respectively. On the other hand AST SpaceMobile is actually up 14%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 10.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026US$525.7bUS$410.2bUS$51.5b13.2x10.2x1.3x
Fri, 10 Apr 2026US$558.1bUS$406.5bUS$51.3b12.7x10.9x1.4x
Sun, 08 Mar 2026US$590.6bUS$406.5bUS$50.8b10.4x11.6x1.5x
Tue, 03 Feb 2026US$546.4bUS$406.3bUS$55.9b11x9.8x1.3x
Thu, 01 Jan 2026US$408.7bUS$286.7bUS$38.5b9.7x10.6x1.4x
Sat, 29 Nov 2025US$408.2bUS$284.0bUS$38.4b9.2x10.6x1.4x
Mon, 27 Oct 2025US$407.2bUS$287.0bUS$35.0b11.5x11.6x1.4x
Wed, 24 Sep 2025US$443.6bUS$286.5bUS$25.5b15.4x17.4x1.5x
Fri, 22 Aug 2025US$449.9bUS$286.4bUS$25.5b15.2x17.7x1.6x
Sun, 20 Jul 2025US$414.5bUS$282.4bUS$27.5b15.6x15x1.5x
Tue, 17 Jun 2025US$427.7bUS$282.4bUS$27.5b17.1x15.5x1.5x
Thu, 15 May 2025US$409.0bUS$282.2bUS$27.4b16.2x14.9x1.4x
Sat, 12 Apr 2025US$413.0bUS$282.1bUS$28.1b14x14.7x1.5x
Mon, 10 Mar 2025US$433.3bUS$281.4bUS$28.2b11.1x15.4x1.5x
Wed, 05 Feb 2025US$383.6bUS$284.5bUS$22.7b16.2x16.9x1.3x
Fri, 03 Jan 2025US$375.6bUS$283.6bUS$13.1b18.8x28.6x1.3x
Sun, 01 Dec 2024US$398.4bUS$281.4bUS$13.3b20.2x30.1x1.4x
Tue, 29 Oct 2024US$371.9bUS$281.2bUS$16.1b18.4x23.1x1.3x
Thu, 26 Sep 2024US$382.8bUS$281.4bUS$21.2b17.9x18.1x1.4x
Sat, 24 Aug 2024US$350.8bUS$281.4bUS$21.2b18.6x16.6x1.2x
Mon, 22 Jul 2024US$343.6bUS$281.1bUS$22.7b21.1x15.2x1.2x
Wed, 19 Jun 2024US$322.2bUS$281.1bUS$22.7b25.7x14.2x1.1x
Fri, 17 May 2024US$324.6bUS$281.0bUS$22.7b27.4x14.3x1.2x
Sun, 14 Apr 2024US$314.9bUS$281.7bUS$22.5b26.8x14x1.1x
Tue, 12 Mar 2024US$323.1bUS$283.8bUS$20.8b26.3x15.5x1.1x
Thu, 08 Feb 2024US$332.5bUS$285.5bUS$19.9b14.6x16.7x1.2x
Sat, 06 Jan 2024US$328.8bUS$300.0b-US$7,362,407,040.0021.3x-44.7x1.1x
Mon, 04 Dec 2023US$318.8bUS$300.0b-US$7,362,654,300.0010.2x-43.3x1.1x
Wed, 01 Nov 2023US$291.7bUS$300.5b-US$4,695,091,679.007.1x-62.1x1x
Fri, 29 Sep 2023US$279.6bUS$301.1b-US$2,062,126,016.008.8x-135.6x0.9x
Sun, 27 Aug 2023US$278.0bUS$301.1b-US$2,059,826,705.0010.3x-135x0.9x
Tue, 25 Jul 2023US$287.7bUS$302.2bUS$9.5b12x30.2x1x
Thu, 22 Jun 2023US$299.1bUS$302.2bUS$9.5b11.1x31.3x1x
Sat, 20 May 2023US$305.4bUS$302.1bUS$9.5b10.9x32.1x1x
Price to Earnings Ratio

32.1x


Total Market Cap: US$305.4bTotal Earnings: US$9.5bTotal Revenue: US$302.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 0.6x202420252026
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 10.2x which is higher than its 3-year average PE of 0.63x.
  • 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 76% 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 Market2.58%
Telecom0.011%
Telecom Services and Carriers-2.11%
Alternative Carriers12.34%
Integrated Telecom Services-3.64%
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 15.9x.
    • Analysts are expecting annual earnings growth of 0.3%, 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 89% 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
ASTS AST SpaceMobileUS$72.9614.2%
+US$2.7b		174.8%PS256.6x
VZ Verizon CommunicationsUS$47.931.2%
+US$2.5b		12.4%PE11.5x
IRDM Iridium CommunicationsUS$41.666.2%
+US$256.9m		62.4%PE41.7x
GSAT GlobalstarUS$82.671.0%
+US$119.2m		336.9%PS37.6x
SIFY Sify TechnologiesUS$15.888.5%
+US$89.7m		257.7%PS2.4x

Latest News

LUMN
US$8.67
Lumen Technologies
7D
-6.1%
1Y
97.5%
ASTS
US$72.96
AST SpaceMobile
7D
14.2%
1Y
174.8%
UNIT
US$11.22
Uniti Group
7D
-2.4%
1Y
45.2%
VZ
US$47.93
Verizon Communications
7D
1.2%
1Y
12.4%
LILA
US$7.41
Liberty Latin America
7D
-8.6%
1Y
52.2%
Analysis Article • May 11

Earnings Update: Here's Why Analysts Just Lifted Their Liberty Latin America Ltd. (NASDAQ:LILA) Price Target To US$11.90

Last week, you might have seen that Liberty Latin America Ltd. ( NASDAQ:LILA ) released its quarterly result to the...
LBTY.A
US$11.61
Liberty Global
7D
-3.5%
1Y
27.9%
Narrative Update • May 11

LBTY.A: Media Assets And Buybacks Will Support Stronger Future Share Performance

Liberty Global's updated analyst price target has shifted from $28.41 to $22.74, reflecting recent revisions to growth, margins, discount rate, and P/E assumptions that analysts have been adjusting following the latest company results. Analyst Commentary Recent research updates show a series of upward revisions to Liberty Global's price targets, suggesting that some bullish analysts see improved alignment between the current valuation framework and the latest company results.
GLIB.A
US$28.38
GCI Liberty
7D
-15.6%
1Y
n/a
GSAT
US$82.67
Globalstar
7D
1.0%
1Y
336.9%
ATEX
US$54.25
Anterix
7D
7.3%
1Y
91.1%
CMCSA
US$24.90
Comcast
7D
-5.9%
1Y
-28.4%
Seeking Alpha • May 10

Comcast: Market Is Ignoring A 14% Yield Opportunity

Summary Comcast remains a strong buy, supported by robust cash flow, high shareholder yield, and an attractive valuation despite competitive and execution risks. Q1 2026 saw mixed results: core connectivity revenue and EBITDA declined due to intentional go-to-market strategies, but management is optimistic about customer conversion in H2. Content & Experiences revenue surged nearly 40% on event-driven gains, though EBITDA fell due to high rights costs; Peacock is expected to approach profitability in Q2. With a forward P/E of 7.1x and implied earnings yield near 14%, CMCSA offers a significant margin of safety even under conservative execution scenarios. Read the full article on Seeking Alpha
T
US$25.23
AT&T
7D
-2.6%
1Y
-4.6%
Seeking Alpha • May 09

AT&T: Locking In A 6.2-6.3% Yield With Baby Bonds And Preferred Stock

Summary AT&T continues to deliver robust financial results, supporting its senior securities with strong coverage ratios. Preferred shares yield 6–6.5% with a payout ratio under 1%, reflecting limited risk premium and excellent dividend coverage. Baby bonds (TBB) offer a slightly lower yield but may present a superior risk/reward profile, especially for investors with favorable tax treatment on interest income. I remain constructive on AT&T’s senior securities, favoring baby bonds but considering preferreds attractive above a 6.5% yield. Read the full article on Seeking Alpha
CCOI
US$16.11
Cogent Communications Holdings
7D
-10.8%
1Y
-68.6%
Narrative Update • May 09

CCOI: Weaker Core Revenue Trends Will Drive A More Cautious Thesis

Cogent Communications Holdings' updated analyst price target has moved lower from $21.00 to $14.00 as analysts factor in more conservative revenue growth, a slightly higher discount rate, and a reduced future P/E assumption, partly offset by a modestly higher profit margin outlook. Analyst Commentary Recent Street research on Cogent Communications Holdings has tilted cautious, with several bearish analysts trimming price targets and flagging execution and growth risks.
TSAT
US$53.21
Telesat
7D
11.3%
1Y
210.8%
BAND
US$49.44
Bandwidth
7D
4.5%
1Y
244.8%
IRDM
US$41.66
Iridium Communications
7D
6.2%
1Y
62.4%
Narrative Update • May 01

IRDM: Spectrum Optionality And Defense Connectivity Will Drive Future Upside

Analysts have raised the fair value estimate for Iridium Communications to $48 from $40, citing updated assumptions about revenue growth, profit margins, a lower discount rate, and a higher future P/E multiple, in line with a series of recent price target increases from multiple firms. Analyst Commentary Recent Street research around Iridium Communications shows a mix of views, but the most optimistic voices are focused on spectrum potential, execution on partnerships, and visibility into future cash flows.
SIFY
US$15.88
Sify Technologies
7D
8.5%
1Y
257.7%