Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Telecom Services and Carriers Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies55
  • 7D0.1%
  • 3M14.5%
  • 1Y5.5%
  • YTD13.5%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.8%, driven by gains from AT&T of 4.3%. During this same period, the AST SpaceMobile underperformed, falling 6.6%. This takes the industry's 12 month performance to a gain of 5.7%. Earnings are forecast to grow by 8.3% 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, 28 Mar 2026US$577.3bUS$406.4bUS$51.3b13.4x11.3x1.4x
Mon, 23 Feb 2026US$572.2bUS$406.4bUS$50.8b9.7x11.3x1.4x
Wed, 21 Jan 2026US$508.8bUS$410.1bUS$61.1b9.7x8.3x1.2x
Fri, 19 Dec 2025US$399.9bUS$284.0bUS$38.4b9.1x10.4x1.4x
Sun, 16 Nov 2025US$413.1bUS$287.7bUS$38.2b9.1x10.8x1.4x
Tue, 14 Oct 2025US$420.4bUS$286.4bUS$25.5b13.9x16.5x1.5x
Thu, 11 Sep 2025US$444.5bUS$286.4bUS$25.5b15x17.4x1.6x
Sat, 09 Aug 2025US$431.3bUS$286.4bUS$25.5b15.8x16.9x1.5x
Mon, 07 Jul 2025US$435.8bUS$282.4bUS$27.5b17.9x15.8x1.5x
Wed, 04 Jun 2025US$424.7bUS$282.3bUS$27.5b17.1x15.4x1.5x
Fri, 02 May 2025US$425.4bUS$283.2bUS$29.3b13.8x14.5x1.5x
Sun, 30 Mar 2025US$433.2bUS$281.7bUS$28.1b13.9x15.4x1.5x
Tue, 25 Feb 2025US$413.7bUS$281.3bUS$28.5b13.6x14.5x1.5x
Thu, 23 Jan 2025US$368.4bUS$283.7bUS$13.1b18.1x28x1.3x
Sat, 21 Dec 2024US$373.1bUS$284.8bUS$12.9b18.8x28.9x1.3x
Mon, 18 Nov 2024US$378.1bUS$281.4bUS$13.3b18.9x28.5x1.3x
Wed, 16 Oct 2024US$378.5bUS$281.4bUS$21.2b18.3x17.8x1.3x
Fri, 13 Sep 2024US$377.5bUS$281.4bUS$21.2b18.7x17.8x1.3x
Sun, 11 Aug 2024US$346.3bUS$281.3bUS$21.2b20.9x16.3x1.2x
Tue, 09 Jul 2024US$339.5bUS$281.1bUS$22.7b23.2x15x1.2x
Thu, 06 Jun 2024US$337.2bUS$281.1bUS$22.7b26.7x14.9x1.2x
Sat, 04 May 2024US$312.9bUS$281.5bUS$22.7b26.8x13.8x1.1x
Mon, 01 Apr 2024US$331.4bUS$281.7bUS$22.5b28.1x14.7x1.2x
Wed, 28 Feb 2024US$316.9bUS$283.7bUS$20.7b23.4x15.3x1.1x
Fri, 26 Jan 2024US$331.0bUS$300.5bUS$8.4b14.3x39.6x1.1x
Sun, 24 Dec 2023US$315.5bUS$300.0b-US$7,362,413,411.0012.9x-42.9x1.1x
Tue, 21 Nov 2023US$301.8bUS$300.0b-US$7,363,750,550.0010.1x-41x1x
Thu, 19 Oct 2023US$268.4bUS$301.0b-US$2,071,376,224.007.8x-129.6x0.9x
Sat, 16 Sep 2023US$283.6bUS$301.1b-US$2,062,125,917.009.5x-137.5x0.9x
Mon, 14 Aug 2023US$283.3bUS$301.0b-US$996,860,238.0010.1x-284.2x0.9x
Wed, 12 Jul 2023US$294.3bUS$302.2bUS$9.5b12.2x30.8x1x
Fri, 09 Jun 2023US$301.9bUS$302.2bUS$9.5b10.9x31.7x1x
Sun, 07 May 2023US$321.0bUS$302.2bUS$11.5b11.3x27.9x1.1x
Tue, 04 Apr 2023US$343.7bUS$303.3bUS$11.8b13.3x29.2x1.1x
Price to Earnings Ratio

29.2x


Total Market Cap: US$343.7bTotal 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 1.4x202420252026
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 11.3x which is higher than its 3-year average PE of 1.4x.
  • 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 Market-1.92%
Telecom-7.00%
Telecom Services and Carriers0.13%
Integrated Telecom Services0.87%
Alternative Carriers-6.55%
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 16.5x.
    • 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 95% 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
T AT&TUS$29.102.8%
+US$5.0b		3.3%PE9.3x
VZ Verizon CommunicationsUS$50.310.7%
+US$1.4b		12.0%PE12.4x
GSAT GlobalstarUS$64.169.2%
+US$698.1m		201.5%PS30.2x
IRDM Iridium CommunicationsUS$27.9610.1%
+US$268.7m		1.5%PE25.7x
LUMN Lumen TechnologiesUS$6.672.8%
+US$184.4m		69.3%PS0.6x

Latest News

NXPL
US$0.47
NextPlat
7D
-3.5%
1Y
-44.4%
VZ
US$50.31
Verizon Communications
7D
0.7%
1Y
12.0%
IDT
US$47.42
IDT
7D
-0.3%
1Y
-8.5%

IDT: Share Repurchases And Dividend Policy Will Support Future Upside

Analysts have revised their price target on IDT to reflect updated views on revenue growth, profit margins, and the future P/E multiple. This has led to an adjusted fair value estimate of approximately $80.00 per share.
IRDM
US$27.96
Iridium Communications
7D
10.1%
1Y
1.5%
CMCSA
US$28.33
Comcast
7D
-2.4%
1Y
-22.6%
LBTY.A
US$11.97
Liberty Global
7D
2.4%
1Y
4.1%
CCOI
US$17.62
Cogent Communications Holdings
7D
-2.4%
1Y
-71.4%

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.
UNIT
US$7.88
Uniti Group
7D
4.9%
1Y
-3.6%

UNIT: Neutral Rating And 2026 Net Loss Guidance Will Constrain Upside Potential

Narrative Update: Uniti Group Analyst Price Target Shift The updated analyst price target framework for Uniti Group now reflects a fair value estimate of $6.00. This is supported by recent target moves to $9 from $8.80 and to $7 from $6, as analysts refresh models after the Q4 report and a broader review of the REIT group.
GSAT
US$64.16
Globalstar
7D
9.2%
1Y
201.5%

GSAT: De Risked Satellite Services And Spectrum Optionality Will Drive Upside Potential

Analysts have lifted Globalstar's price target to $71 from $66, citing a combination of a "de-risked" Apple supported satellite services business, underused terrestrial spectrum assets, and improved government services expectations related to XCOM Radio Access Network's commercial progress. Analyst Commentary Analysts lifting the price target to $71 frame Globalstar as a hybrid story, combining its satellite services with underused terrestrial spectrum and potential government work tied to XCOM Radio Access Network.
T
US$29.10
AT&T
7D
2.8%
1Y
3.3%

T: Future Returns Will Be Pressured By Rich P/E Versus Fundamentals

Analysts have raised AT&T's price target to $25.11 from $23.24, reflecting updated assumptions that include slightly higher revenue growth, a modest change in the discount rate, a small adjustment to profit margin expectations, and a higher future P/E multiple. What's in the News AT&T introduced updated Unlimited Your Way wireless plans, including the new AT&T Value 2.0 entry level option, offering mix and match flexibility, more high speed data, and features such as ActiveArmor and unlimited talk, text, and data across the U.S., Canada, and Mexico (Product related announcement).
LUMN
US$6.67
Lumen Technologies
7D
2.8%
1Y
69.3%

LUMN: Balance Sheet Repair Will Not Resolve Ongoing Revenue Execution Concerns

Analysts have raised the Lumen Technologies price target by $1 to a new fair value estimate of $6.00. This reflects a combination of higher applied multiples, ongoing balance sheet repair, asset sale proceeds, and cost cutting, partially offset by a higher discount rate and continued caution around revenue trends.
LILA
US$8.33
Liberty Latin America
7D
6.7%
1Y
29.9%

LILA: Future Cash Returns Will Be Balanced By Margin And P/E Uncertainty

Analysts have maintained their price target on Liberty Latin America at $8.00, reflecting slightly updated views on revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: Kept steady at $8.00 per share, indicating no change in the overall valuation anchor.
ASTS
US$78.67
AST SpaceMobile
7D
-12.5%
1Y
227.0%
ATEX
US$38.24
Anterix
7D
-2.8%
1Y
6.9%
IQST
US$1.50
iQSTEL
7D
-12.8%
1Y
-87.0%
SIFY
US$12.90
Sify Technologies
7D
-7.1%
1Y
193.8%