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U.S. Telecom Services and Carriers Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies56
  • 7D-4.7%
  • 3M8.6%
  • 1Y4.7%
  • YTD7.7%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 4.7%, driven by Verizon Communications declining 6.8%. In the past year, the industry has gained 4.7%. 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
Sun, 12 Apr 2026US$542.0bUS$406.5bUS$51.3b12.4x10.6x1.3x
Tue, 10 Mar 2026US$590.6bUS$406.4bUS$50.8b10.4x11.6x1.5x
Thu, 05 Feb 2026US$558.4bUS$406.3bUS$55.9b9.8x10x1.4x
Sat, 03 Jan 2026US$408.2bUS$286.7bUS$38.5b12x10.6x1.4x
Mon, 01 Dec 2025US$410.9bUS$284.0bUS$38.4b9.2x10.7x1.4x
Wed, 29 Oct 2025US$413.3bUS$287.0bUS$35.0b11.6x11.8x1.4x
Fri, 26 Sep 2025US$440.8bUS$286.4bUS$25.5b15.1x17.3x1.5x
Sun, 24 Aug 2025US$445.3bUS$286.4bUS$25.5b15.3x17.5x1.6x
Tue, 22 Jul 2025US$420.6bUS$282.4bUS$27.5b15.9x15.3x1.5x
Thu, 19 Jun 2025US$419.9bUS$282.3bUS$27.5b16.9x15.2x1.5x
Sat, 17 May 2025US$418.7bUS$282.3bUS$27.4b17x15.3x1.5x
Mon, 14 Apr 2025US$415.6bUS$282.1bUS$28.1b14x14.8x1.5x
Wed, 12 Mar 2025US$434.3bUS$281.4bUS$28.2b10.4x15.4x1.5x
Fri, 07 Feb 2025US$387.2bUS$284.5bUS$22.7b16.4x17x1.4x
Sun, 05 Jan 2025US$377.6bUS$283.6bUS$13.1b18.8x28.7x1.3x
Tue, 03 Dec 2024US$398.4bUS$281.4bUS$13.3b20.3x30.1x1.4x
Thu, 31 Oct 2024US$374.6bUS$281.3bUS$14.0b18.3x26.8x1.3x
Sat, 28 Sep 2024US$383.1bUS$281.4bUS$21.2b17.7x18.1x1.4x
Mon, 26 Aug 2024US$350.2bUS$281.4bUS$21.2b18.6x16.5x1.2x
Wed, 24 Jul 2024US$330.5bUS$281.3bUS$22.6b21.1x14.6x1.2x
Fri, 21 Jun 2024US$327.6bUS$281.1bUS$22.7b25.4x14.4x1.2x
Sun, 19 May 2024US$323.8bUS$281.1bUS$22.7b27.3x14.3x1.2x
Tue, 16 Apr 2024US$311.5bUS$281.7bUS$22.5b26.8x13.8x1.1x
Thu, 14 Mar 2024US$321.1bUS$281.7bUS$22.6b27.3x14.2x1.1x
Sat, 10 Feb 2024US$320.3bUS$283.7bUS$19.8b18x16.2x1.1x
Mon, 08 Jan 2024US$333.3bUS$300.0b-US$7,362,407,040.0013.2x-45.3x1.1x
Wed, 06 Dec 2023US$316.3bUS$300.0b-US$7,366,006,295.0010x-42.9x1.1x
Fri, 03 Nov 2023US$294.0bUS$300.1b-US$6,946,138,968.007.2x-42.3x1x
Sun, 01 Oct 2023US$279.2bUS$301.1b-US$2,062,134,076.008.8x-135.4x0.9x
Tue, 29 Aug 2023US$278.0bUS$301.1b-US$2,059,826,855.0010.3x-135x0.9x
Thu, 27 Jul 2023US$286.3bUS$301.4bUS$6.6b11.4x43.1x0.9x
Sat, 24 Jun 2023US$296.4bUS$302.2bUS$9.5b10.8x31.1x1x
Mon, 22 May 2023US$305.4bUS$302.1bUS$9.5b10.9x32.1x1x
Wed, 19 Apr 2023US$344.5bUS$303.3bUS$11.8b12.9x29.2x1.1x
Price to Earnings Ratio

29.2x


Total Market Cap: US$344.5bTotal 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 1.1x202420252026
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 10.6x which is higher than its 3-year average PE of 1.1x.
  • 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 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 Market3.38%
Telecom5.35%
Telecom Services and Carriers-4.72%
Alternative Carriers0.50%
Integrated Telecom Services-5.32%
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 16.3x.
    • Analysts are expecting annual earnings decline of 1.9%, 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 92% 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
ASTS AST SpaceMobileUS$94.902.5%
+US$667.2m		307.6%PS391.6x
LUMN Lumen TechnologiesUS$7.446.4%
+US$461.0m		115.0%PS0.6x
IRDM Iridium CommunicationsUS$34.204.1%
+US$141.7m		40.9%PE31.6x
UNIT Uniti GroupUS$10.844.9%
+US$121.9m		52.0%PE2.1x
CCOI Cogent Communications HoldingsUS$20.316.9%
+US$62.6m		-60.7%PS1.1x

Latest News

T
US$26.46
AT&T
7D
-6.6%
1Y
-1.2%

AT&T: Locking In A Fixed Yield Ahead Of Large Investment Cycle

Apr 12
LILA
US$8.13
Liberty Latin America
7D
-2.6%
1Y
56.6%

LILA: Future Cash Returns Will Reflect Buybacks And P/E Margin Trade Off

Analysts have raised their price target on Liberty Latin America to $8.00 from $8.00, citing updated assumptions for slightly higher revenue growth, modestly improved profit margins, and a lower future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Liberty Latin America repurchased 300,000 shares for US$2.51 million, equal to 0.15% of its shares.
SHEN
US$15.14
Shenandoah Telecommunications
7D
0.3%
1Y
19.6%

SHEN: Rural Broadband Buildout And Execution Progress Will Drive Future Upside

The analyst price target for Shenandoah Telecommunications has increased from $26.00 to $27.50, with analysts citing updated fair value estimates and their recent bullish initiation as key drivers of this change. Analyst Commentary Recent research has framed the updated price target as part of a more constructive view on Shenandoah Telecommunications.
IDT
US$49.67
IDT
7D
2.5%
1Y
2.0%

IDT: Share Repurchases And Rising Dividend Will Support Future Upside

Analysts have maintained their fair value estimate for IDT at $80, citing unchanged assumptions for the discount rate, revenue trajectory, profit margin, and future P/E as the reasons for keeping the price target unchanged. What's in the News From November 1, 2025 to January 31, 2026, IDT repurchased 149,109 shares for $7.43 million, representing 0.59% of shares under the existing buyback program.
VZ
US$46.04
Verizon Communications
7D
-6.8%
1Y
5.3%

VZ: Fair Value View Will Balance Cost Cuts And Disclosure Concerns

Verizon Communications' analyst price target inches up by about $0.40 to $51.17 as analysts balance recent upgrades and price target increases with concerns about disclosure clarity and competitive pressures in wireless and broadband. Analyst Commentary Recent research on Verizon shows a split view, with several firms raising price targets or upgrading ratings while others highlight disclosure issues and competitive challenges that could affect how reliably investors can assess execution and future growth.
IRDM
US$34.20
Iridium Communications
7D
4.1%
1Y
40.9%
CCOI
US$20.31
Cogent Communications Holdings
7D
6.9%
1Y
-60.7%

CCOI: Future Data Center Sales And Refinancing Will Support Balance Sheet Recovery

Narrative Update on Cogent Communications Holdings The consolidated analyst price target for Cogent Communications Holdings has moved lower by several dollars into a mid $20s range, as analysts factor in softer Q4 results, continued pressure from off net revenue decay, slower waves growth, and uncertainty around data center sale execution and balance sheet moves. Analyst Commentary Recent research updates cluster around a common theme, with most price targets moving into a mid to high $20s range and a few outliers higher.
UNIT
US$10.84
Uniti Group
7D
4.9%
1Y
52.0%
ASTS
US$94.90
AST SpaceMobile
7D
2.5%
1Y
307.6%

AST SpaceMobile: Navigating Competition From Starlink And Bezos

Apr 06
GSAT
US$73.16
Globalstar
7D
-5.9%
1Y
274.0%

Amazon Vs. Starlink: The $9 Billion Globalstar Deal That Could Change Everything

Apr 04
IHS
US$8.24
IHS Holding
7D
-0.6%
1Y
79.1%

IHS: MTN Cash Offer Will Cap Upside And Drive Bearish Repricing

Analysts have trimmed their price target on IHS Holding to $8.50 from $17, reflecting the agreed $8.50 per share cash offer from MTN Group and the high level of shareholder support already lined up for the deal. Analyst Commentary Bearish analysts are signaling a more cautious stance on IHS Holding after the agreed cash offer of $8.50 per share, with price targets being reset to align with the proposed deal terms.
LUMN
US$7.44
Lumen Technologies
7D
6.4%
1Y
115.0%

Lumen Under Pressure As Turnaround Story Concludes (Rating Downgrade)

Apr 02
LBTY.A
US$12.11
Liberty Global
7D
-1.1%
1Y
15.2%

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.
TSAT
US$43.15
Telesat
7D
7.6%
1Y
148.4%
BAND
US$16.14
Bandwidth
7D
-10.6%
1Y
32.8%
ATEX
US$35.89
Anterix
7D
-11.1%
1Y
10.0%