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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies60
  • 7D-0.6%
  • 3M-1.3%
  • 1Y6.8%
  • YTD-0.6%

Last week, the Telecom Services and Carriers industry hasn't moved much but AST SpaceMobile is up 17% in that time. As for the the longer term, the industry is up 6.8% over the past 12 months. As for the next few years, earnings are expected to grow by 2.9% 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
Mon, 12 Jan 2026US$514.7bUS$410.1bUS$61.1b9.3x8.4x1.3x
Wed, 10 Dec 2025US$403.8bUS$284.0bUS$38.4b8.6x10.5x1.4x
Fri, 07 Nov 2025US$405.1bUS$287.6bUS$38.0b11.5x10.7x1.4x
Sun, 05 Oct 2025US$439.9bUS$286.5bUS$25.5b14.8x17.3x1.5x
Tue, 02 Sep 2025US$449.4bUS$286.4bUS$25.5b15.9x17.6x1.6x
Thu, 31 Jul 2025US$427.1bUS$286.2bUS$28.9b15.3x14.8x1.5x
Sat, 28 Jun 2025US$428.0bUS$282.4bUS$27.5b17.2x15.5x1.5x
Mon, 26 May 2025US$417.7bUS$282.3bUS$27.5b16.8x15.2x1.5x
Wed, 23 Apr 2025US$408.5bUS$282.6bUS$28.4b12.8x14.4x1.4x
Fri, 21 Mar 2025US$420.7bUS$281.8bUS$28.2b10.5x14.9x1.5x
Sun, 16 Feb 2025US$402.4bUS$284.5bUS$22.8b17.3x17.7x1.4x
Tue, 14 Jan 2025US$356.6bUS$283.6bUS$13.2b18.2x27.1x1.3x
Thu, 12 Dec 2024US$391.6bUS$284.8bUS$12.9b19.3x30.3x1.4x
Sat, 09 Nov 2024US$372.5bUS$281.4bUS$13.4b19.1x27.7x1.3x
Mon, 07 Oct 2024US$383.4bUS$281.4bUS$21.2b18.3x18.1x1.4x
Wed, 04 Sep 2024US$356.3bUS$281.4bUS$21.2b18.8x16.8x1.3x
Fri, 02 Aug 2024US$345.3bUS$281.2bUS$22.6b21.1x15.3x1.2x
Sun, 30 Jun 2024US$341.5bUS$281.1bUS$22.7b23.2x15.1x1.2x
Tue, 28 May 2024US$322.0bUS$281.1bUS$22.7b28.4x14.2x1.1x
Thu, 25 Apr 2024US$313.0bUS$281.7bUS$21.5b26.8x14.6x1.1x
Sat, 23 Mar 2024US$319.1bUS$281.7bUS$22.5b26.3x14.2x1.1x
Mon, 19 Feb 2024US$323.0bUS$283.8bUS$21.0b21.5x15.4x1.1x
Wed, 17 Jan 2024US$318.9bUS$300.0b-US$7,362,405,761.0015.8x-43.3x1.1x
Fri, 15 Dec 2023US$311.9bUS$300.0b-US$7,362,253,113.0012.4x-42.4x1x
Sun, 12 Nov 2023US$296.6bUS$300.0b-US$7,139,916,405.009x-41.5x1x
Tue, 10 Oct 2023US$272.7bUS$301.1b-US$2,062,136,236.008.6x-132.2x0.9x
Thu, 07 Sep 2023US$286.3bUS$301.0b-US$2,066,008,857.0010.4x-138.6x1x
Sat, 05 Aug 2023US$272.9bUS$300.5b-US$2,508,115,252.0011.7x-108.8x0.9x
Mon, 03 Jul 2023US$308.9bUS$302.2bUS$9.5b12.1x32.4x1x
Wed, 31 May 2023US$294.9bUS$302.2bUS$9.5b10.3x31x1x
Fri, 28 Apr 2023US$329.0bUS$303.1bUS$11.5b13.1x28.5x1.1x
Sun, 26 Mar 2023US$330.0bUS$303.1bUS$12.0b13.7x27.6x1.1x
Tue, 21 Feb 2023US$352.8bUS$303.4bUS$16.5b14.4x21.4x1.2x
Thu, 19 Jan 2023US$349.2bUS$337.8bUS$43.5b11.8x8x1x
Price to Earnings Ratio

8x


Total Market Cap: US$349.2bTotal Earnings: US$43.5bTotal Revenue: US$337.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 2.1x202420252026
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 8.4x which is higher than its 3-year average PE of 2.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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 Market1.24%
Telecom1.32%
Telecom Services and Carriers-0.58%
Alternative Carriers10.23%
Integrated Telecom Services-1.73%
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 17.4x.
    • Analysts are expecting annual earnings decline of 4.1%, which is lower than the prior year's growth of 78.3% 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 growth rate of 19% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings decline by 4.1% 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
ASTS AST SpaceMobileUS$97.677.4%
+US$1.9b		363.6%PS1480.2x
VZ Verizon CommunicationsUS$40.460.6%
+US$969.8m		6.1%PE8.6x
CMCSA ComcastUS$28.370.9%
+US$874.5m		-22.2%PE4.6x
LUMN Lumen TechnologiesUS$7.914.5%
+US$348.7m		47.6%PS0.6x
SIFY Sify TechnologiesUS$14.9919.6%
+US$178.0m		418.7%PS2.4x

Latest News

VZ
US$40.46
Verizon Communications
7D
0.6%
1Y
6.1%

VZ: New CEO And Cost Cuts Will Support Wireless Turnaround

Analysts now see Verizon's fair value edging up by about $0.12 to roughly $47.60, reflecting updated views on revenue growth, profit margins and P/E assumptions after recent price target revisions around sector promotions, execution risk and competitive pressure. Analyst Commentary Recent Street research on Verizon highlights a mix of cautious valuation resets and steady confidence in the underlying wireless profit pool, with firms adjusting their models ahead of upcoming results and in light of recent promotional activity and restructuring plans.
SIFY
US$14.99
Sify Technologies
7D
19.6%
1Y
418.7%

Sify Technologies Limited's (NASDAQ:SIFY) 32% Share Price Surge Not Quite Adding Up

Jan 09
Sify Technologies Limited's (NASDAQ:SIFY) 32% Share Price Surge Not Quite Adding Up
BAND
US$14.08
Bandwidth
7D
-1.9%
1Y
-9.4%

BAND: AI Voice Integrations Will Support Future Upside Potential

Analysts have maintained their Bandwidth fair value target at $23.67 while making small adjustments to their discount rate and future P/E assumptions. This reflects modest changes to their risk and earnings outlook rather than a revision to the headline price target.
LUMN
US$7.91
Lumen Technologies
7D
4.5%
1Y
47.6%
IRDM
US$19.34
Iridium Communications
7D
6.9%
1Y
-29.7%

IRDM: Spectrum Competition Will Set Up Future Rebound Potential

Narrative Update: Iridium Communications Analysts have trimmed their fair value estimate for Iridium Communications from $45.00 to $40.00, citing a higher discount rate, slightly softer revenue growth and margin assumptions, and increased competitive pressure highlighted by recent spectrum deals pursued by rivals. Analyst Commentary The latest Street research on Iridium remains cautious overall, with some analysts adjusting expectations to reflect competitive pressures from rival spectrum agreements.
IHS
US$7.57
IHS Holding
7D
4.7%
1Y
149.8%

IHS: Emerging Markets Execution Risks Will Limit Upside Despite Cash Resilience

The analyst price target for IHS Holding is now set at US$9 to US$12, reflecting a modest trim in our fair value estimate to US$6.00 from US$6.25 as analysts point to resilient cash generation, stronger profitability assumptions and the company's leadership position in its key emerging markets. Analyst Commentary Recent research updates on IHS Holding point to a fairly tight cluster of valuation views, with published price targets now running from US$9 to US$12.
CCOI
US$22.94
Cogent Communications Holdings
7D
17.6%
1Y
-67.9%

CCOI: Dividend Reset And Wavelength Competition Will Shape Balanced Risk Outlook

Analysts have trimmed their price expectations for Cogent Communications Holdings to about $25 from $30, citing dividend and buyback cuts, a focus on reducing leverage, and rising competitive pressure in the wavelength market as key drivers of the revised outlook. Analyst Commentary Recent research on Cogent Communications Holdings has leaned cautious, with several bearish analysts pointing to a mix of capital allocation changes and competitive developments as reasons for a more conservative stance on the stock.
ATEX
US$22.38
Anterix
7D
-1.1%
1Y
-19.9%
ATNI
US$21.98
ATN International
7D
-4.7%
1Y
40.0%

ATNI: Stable Guidance And Buybacks Will Support Future Upside Potential

Analysts have maintained ATN International's fair value estimate at US$39.00, making only minor tweaks to assumptions such as the discount rate and future P/E. These reflect small adjustments to their risk and earnings outlook rather than a change in the headline price target.
CMCSA
US$28.37
Comcast
7D
0.9%
1Y
-22.2%

CMCSA: Warner Bids And New Sports Rights Will Reframe Earnings Power

Analysts nudged their fair value estimate for Comcast slightly lower to about $33.93 from $34.65. This reflects trimmed long term revenue growth and profit margin assumptions after the Versant spin, price target cuts from several firms to a range around $23 to $44, and concerns about broadband competition and media cost pressures, even as the assumed future P/E multiple edges modestly higher.
T
US$23.99
AT&T
7D
-2.9%
1Y
11.3%

T: Future Returns Will Reflect 5G Expansion Benefits And Margin Resilience

Analysts trimmed their price target on AT&T to US$26.00 from about US$26.14, citing updated assumptions for a slightly higher discount rate, modestly stronger revenue growth and profit margins, and a lower future P/E multiple. What's in the News Servify is partnering with AT&T to offer AT&T Business Protect Enterprise Plans, adding tiered device protection, an enterprise portal, AI-supported claims and access to more than 2,000 repair locations for mid to large business customers.
GSAT
US$60.00
Globalstar
7D
-6.4%
1Y
122.2%

GSAT: Future Will Hinge On Spectrum Monetization And Potential Sale Talks

Narrative Update Analysts have lifted their fair value estimate for Globalstar from US$45.00 to US$60.00, citing its mix of a funded satellite business and underused terrestrial spectrum, alongside expectations for a satellite internet of things market that could reach US$4.9b by 2030. Analyst Commentary Recent research points to a mixed setup for Globalstar, with the latest coverage highlighting both the potential upside and some clear execution questions.
LILA
US$7.06
Liberty Latin America
7D
-1.5%
1Y
13.0%

LILA: Future Performance Will Hinge On Sustaining EBITDA And Free Cash Flow

Analysts have raised their price target on Liberty Latin America to $13 from $12, reflecting higher fair value assumptions and growing confidence that recent 7% Q3 rebased EBITDA growth signals sustainable earnings and margin improvement. Analyst Commentary While the latest price target increase to $13 signals improved sentiment around Liberty Latin America's earnings trajectory, not all market observers are fully convinced that the recent momentum can be sustained over the medium term.
IDT
US$50.94
IDT
7D
-0.4%
1Y
10.6%

IDT: Ongoing Buybacks And Margin Expansion Will Drive Future Upside Potential

Analysts have modestly raised their price target on IDT, citing slightly faster expected revenue growth and an improved profit margin outlook. Together, these factors support a fair value holding near $80.00, despite a marginally lower future P/E multiple.
ASTS
US$97.67
AST SpaceMobile
7D
7.4%
1Y
363.6%
LBTY.A
US$10.59
Liberty Global
7D
-2.7%
1Y
-9.7%

LBTY.A: Future Cash Returns And Buybacks Will Support Upside Post Leadership Shift

Analysts have raised their price target on Liberty Global by $2 to $13, citing updated assumptions for fair value, discount rate, and long term growth and profitability expectations. Analyst Commentary Recent target revisions suggest that bullish analysts see the updated $13 price target as better reflecting Liberty Global's underlying asset base and cash flow potential, particularly as assumptions around long term growth and discount rates are recalibrated.