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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies57
  • 7D-11.1%
  • 3M-12.3%
  • 1Y-11.4%
  • YTD-21.8%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 11%, driven by a pullback from Space Exploration Technologies of 14%. The industry has fallen 11% in the last year. As for the next few years, earnings are expected to grow by 49% 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
Wed, 22 Jul 2026US$2.1tUS$426.6bUS$41.4b19.2x51x4.9x
Fri, 19 Jun 2026US$2.9tUS$426.6bUS$41.4b15.6x70.8x6.9x
Sun, 17 May 2026US$514.9bUS$410.2bUS$51.3b13.3x10x1.3x
Tue, 14 Apr 2026US$543.6bUS$406.5bUS$51.3b12.3x10.6x1.3x
Thu, 12 Mar 2026US$579.0bUS$406.5bUS$50.8b10.5x11.4x1.4x
Sat, 07 Feb 2026US$559.4bUS$406.3bUS$55.9b9.6x10x1.4x
Mon, 05 Jan 2026US$409.9bUS$286.7bUS$38.5b12x10.6x1.4x
Wed, 03 Dec 2025US$405.6bUS$284.0bUS$38.4b8.9x10.6x1.4x
Fri, 31 Oct 2025US$414.4bUS$287.5bUS$36.6b11.5x11.3x1.4x
Sun, 28 Sep 2025US$440.7bUS$286.4bUS$25.5b14.9x17.3x1.5x
Tue, 26 Aug 2025US$445.1bUS$286.4bUS$25.5b15.3x17.4x1.6x
Thu, 24 Jul 2025US$432.6bUS$284.2bUS$28.0b16x15.5x1.5x
Sat, 21 Jun 2025US$420.9bUS$282.3bUS$27.5b16.9x15.3x1.5x
Mon, 19 May 2025US$423.7bUS$282.3bUS$27.4b17x15.5x1.5x
Wed, 16 Apr 2025US$421.7bUS$282.1bUS$28.1b13.1x15x1.5x
Fri, 14 Mar 2025US$406.1bUS$281.3bUS$28.2b10.5x14.4x1.4x
Sun, 09 Feb 2025US$385.9bUS$284.5bUS$22.7b16.4x17x1.4x
Tue, 07 Jan 2025US$375.8bUS$283.7bUS$13.1b18.6x28.6x1.3x
Thu, 05 Dec 2024US$399.6bUS$281.4bUS$13.3b19.4x30.2x1.4x
Sat, 02 Nov 2024US$378.8bUS$281.4bUS$14.0b18.2x27x1.3x
Mon, 30 Sep 2024US$386.5bUS$281.4bUS$21.2b17.7x18.2x1.4x
Wed, 28 Aug 2024US$356.1bUS$281.4bUS$21.2b18.6x16.8x1.3x
Fri, 26 Jul 2024US$337.4bUS$281.2bUS$21.8b21.1x15.5x1.2x
Sun, 23 Jun 2024US$330.6bUS$281.1bUS$22.7b25.3x14.6x1.2x
Tue, 21 May 2024US$323.8bUS$281.1bUS$22.7b27.7x14.3x1.2x
Thu, 18 Apr 2024US$309.7bUS$281.7bUS$22.5b26.8x13.7x1.1x
Sat, 16 Mar 2024US$317.2bUS$281.7bUS$22.6b27x14.1x1.1x
Mon, 12 Feb 2024US$320.4bUS$283.7bUS$19.8b18x16.2x1.1x
Wed, 10 Jan 2024US$324.7bUS$300.0b-US$7,362,407,255.0012.9x-44.1x1.1x
Fri, 08 Dec 2023US$319.4bUS$300.0b-US$7,360,912,873.0010.9x-43.4x1.1x
Sun, 05 Nov 2023US$301.1bUS$300.1b-US$6,954,079,469.009.4x-43.3x1x
Tue, 03 Oct 2023US$279.2bUS$301.1b-US$2,062,132,458.008.8x-135.4x0.9x
Thu, 31 Aug 2023US$289.3bUS$301.1b-US$2,059,838,357.0010.8x-140.5x1x
Sat, 29 Jul 2023US$280.1bUS$301.4bUS$6.6b11.5x42.2x0.9x
Price to Earnings Ratio

42.2x


Total Market Cap: US$280.1bTotal Earnings: US$6.6bTotal Revenue: US$301.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.2x202420252026
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 51.0x which is higher than its 3-year average PE of 1.2x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 84% per year over the last three years.
  • Revenues for these companies have grown 12% 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-1.36%
Telecom-3.29%
Telecom Services and Carriers-11.07%
Integrated Telecom Services1.30%
Alternative Carriers-13.72%
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 15.0x.
    • Analysts are expecting annual earnings growth of 0.4%, which is higher than its past year's earnings decline of 2.5% 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 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
VZ Verizon CommunicationsUS$43.501.9%
+US$3.4b		2.4%PE10.5x
T AT&TUS$21.951.9%
+US$2.8b		-19.8%PE7.2x
IDT IDTUS$63.042.7%
+US$40.8m		9.6%PE19.2x
ELWT Elauwit ConnectionUS$7.5012.4%
+US$5.5m		n/aPS2.4x
IOTR iOThreeUS$3.375.3%
+US$826.9k		-25.1%PS1.1x

Latest News

T
US$21.95
AT&T
7D
1.9%
1Y
-19.8%
Narrative Update • Jul 20

T: Fiber And Satellite Partnerships Will Drive Future Converged Connectivity Returns

Analysts have modestly reduced their price target for AT&T to $29.03 from $30.24, reflecting slightly lower fair value and valuation assumptions, including a reduced future P/E estimate, while keeping revenue growth and profit margin expectations broadly similar. What's in the News Dish DBS, a subsidiary of EchoStar, filed for prepackaged Chapter 11 bankruptcy after it could not repay US$2b in senior secured notes due July 1.
SPCX
US$119.85
Space Exploration Technologies
7D
-13.9%
1Y
n/a
IDT
US$63.04
IDT
7D
2.7%
1Y
9.6%
ASTS
US$57.42
AST SpaceMobile
7D
-15.0%
1Y
1.3%
Seeking Alpha • Jul 17

AST SpaceMobile: Why I Bought The Dip

Summary AST SpaceMobile has dropped nearly 60%, but dilution was only the catalyst after weakening sentiment, execution concerns, and an unsustainably rich valuation. Nearly 60 global carriers have committed over $1.2 billion, providing access to more than 3 billion subscribers worldwide. Consensus expects revenue to grow from $170 million in 2026 to $2.84 billion by 2029, rapidly compressing valuation multiples. August's BlueBird Block 2 launch, Rakuten expansion, and commercialization milestones could fundamentally reshape investor sentiment during 2026. Despite execution risks, the recent correction offers a significantly improved risk-reward profile for long-term investors willing to tolerate volatility. Read the full article on Seeking Alpha
CMCSA
US$23.78
Comcast
7D
-0.8%
1Y
-32.1%
IRDM
US$46.41
Iridium Communications
7D
-4.5%
1Y
44.7%
Narrative Update • Jul 15

IRDM: Vertically Integrated Space Deal Will Test Spectrum Promise And Aireon Execution

Iridium Communications' analyst fair value estimate has shifted from $37.88 to $45.00. This reflects updated views on its acquisition by Rocket Lab and the role of Iridium's spectrum and on orbit services within a broader vertically integrated space platform.
VZ
US$43.50
Verizon Communications
7D
1.9%
1Y
2.4%
Seeking Alpha • Jul 15

Verizon: Executing Amid Industry Uncertainty, Raising My Target

Summary Verizon is reiterated as a "Buy," with an attractive valuation and a high 6.66% forward dividend yield. VZ raised its FY 2026 EPS guidance to $4.95–$4.99, supported by strong postpaid phone and broadband net adds. Despite competition risks and technical weakness, VZ’s fundamentals remain solid, with $6.55 free cash flow per share over the past year. The recent correction brings VZ into a key support zone, offering a favorable entry ahead of the July 24 Q2 earnings report. Read the full article on Seeking Alpha
SHEN
US$11.11
Shenandoah Telecommunications
7D
-12.3%
1Y
-26.7%
IQST
US$1.12
iQSTEL
7D
5.7%
1Y
-88.1%
IOTR
US$3.37
iOThree
7D
5.3%
1Y
-25.1%
LBTY.A
US$10.31
Liberty Global
7D
-5.4%
1Y
2.4%
BAND
US$68.80
Bandwidth
7D
-6.8%
1Y
345.0%
Narrative Update • Jul 09

BAND: AI Build And Convertible Notes Will Limit Long Term Upside

Analysts have lifted their price target for Bandwidth from $24.50 to $55.75, citing updated assumptions around lower discount rates, adjusted revenue growth expectations, higher projected profit margins, and a richer future P/E multiple. What’s in the News for Bandwidth Bandwidth Inc.
ITG
US$11.40
ITG
7D
-14.0%
1Y
n/a
ELWT
US$7.50
Elauwit Connection
7D
12.4%
1Y
n/a