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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies57
  • 7D2.0%
  • 3M4.1%
  • 1Y0.7%
  • YTD0.3%

In the last week, the Telecom Services and Carriers industry is up 2.0%, with AST SpaceMobile up 17%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 1.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026US$499.5bUS$405.2bUS$61.2b9.8x8.2x1.2x
Sat, 27 Dec 2025US$406.7bUS$284.0bUS$38.4b9.3x10.6x1.4x
Mon, 24 Nov 2025US$407.9bUS$284.0bUS$38.4b9x10.6x1.4x
Wed, 22 Oct 2025US$426.7bUS$286.5bUS$25.5b13.9x16.7x1.5x
Fri, 19 Sep 2025US$449.6bUS$286.5bUS$25.5b15.1x17.6x1.6x
Sun, 17 Aug 2025US$444.8bUS$286.4bUS$25.5b15.3x17.4x1.6x
Tue, 15 Jul 2025US$417.7bUS$282.4bUS$27.5b16.1x15.2x1.5x
Thu, 12 Jun 2025US$433.4bUS$282.3bUS$27.5b17.4x15.7x1.5x
Sat, 10 May 2025US$419.7bUS$282.3bUS$27.4b17.1x15.3x1.5x
Mon, 07 Apr 2025US$410.9bUS$281.9bUS$28.1b13.4x14.6x1.5x
Wed, 05 Mar 2025US$425.5bUS$281.3bUS$28.2b10.3x15.1x1.5x
Fri, 31 Jan 2025US$383.9bUS$284.5bUS$22.7b16.2x16.9x1.3x
Sun, 29 Dec 2024US$376.6bUS$283.7bUS$13.1b18.8x28.7x1.3x
Tue, 26 Nov 2024US$386.3bUS$281.4bUS$13.3b19.5x29.1x1.4x
Thu, 24 Oct 2024US$370.6bUS$281.2bUS$16.1b18.4x23x1.3x
Sat, 21 Sep 2024US$378.5bUS$281.4bUS$21.2b18.7x17.9x1.3x
Mon, 19 Aug 2024US$347.6bUS$281.4bUS$21.2b18.8x16.4x1.2x
Wed, 17 Jul 2024US$338.4bUS$281.1bUS$22.7b24.1x14.9x1.2x
Fri, 14 Jun 2024US$323.9bUS$281.1bUS$22.7b26.1x14.3x1.2x
Sun, 12 May 2024US$322.1bUS$281.0bUS$22.7b26.7x14.2x1.1x
Tue, 09 Apr 2024US$329.6bUS$281.7bUS$22.5b27.6x14.6x1.2x
Thu, 07 Mar 2024US$322.3bUS$283.8bUS$20.8b26.6x15.5x1.1x
Sat, 03 Feb 2024US$342.2bUS$300.5bUS$8.4b14.2x40.9x1.1x
Mon, 01 Jan 2024US$319.2bUS$300.0b-US$7,362,413,150.0015x-43.3x1.1x
Wed, 29 Nov 2023US$308.6bUS$300.0b-US$7,362,663,815.0010.1x-41.9x1x
Fri, 27 Oct 2023US$286.1bUS$300.5b-US$4,695,083,063.007x-60.9x1x
Sun, 24 Sep 2023US$284.5bUS$301.1b-US$2,062,125,049.008.3x-138x0.9x
Tue, 22 Aug 2023US$277.4bUS$301.0b-US$2,059,798,946.009.6x-134.7x0.9x
Thu, 20 Jul 2023US$284.9bUS$302.2bUS$9.5b12.2x29.8x0.9x
Sat, 17 Jun 2023US$305.9bUS$302.2bUS$9.5b11.7x32.1x1x
Mon, 15 May 2023US$317.5bUS$302.1bUS$9.5b11.3x33.3x1.1x
Wed, 12 Apr 2023US$346.5bUS$303.3bUS$11.8b13.3x29.4x1.1x
Fri, 10 Mar 2023US$325.3bUS$303.1bUS$12.0b14.3x27.2x1.1x
Sun, 05 Feb 2023US$363.1bUS$304.4bUS$19.4b14x18.7x1.2x
Price to Earnings Ratio

18.7x


Total Market Cap: US$363.1bTotal Earnings: US$19.4bTotal Revenue: US$304.4bTotal 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 8.2x 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 47% 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 Market0.90%
Telecom2.95%
Telecom Services and Carriers2.02%
Alternative Carriers13.56%
Integrated Telecom Services0.61%
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 17.3x.
    • Analysts are expecting annual earnings decline of 6.5%, 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 60% 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 6.5% 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$121.2317.1%
+US$5.0b		584.1%PS1837.2x
T AT&TUS$24.072.4%
+US$4.0b		-0.7%PE7.8x
GSAT GlobalstarUS$67.5511.1%
+US$854.9m		186.8%PS32.7x
LUMN Lumen TechnologiesUS$9.169.2%
+US$789.7m		82.8%PS0.7x
VZ Verizon CommunicationsUS$39.410.4%
+US$716.8m		-2.2%PE8.4x

Latest News

CCOI
US$23.39
Cogent Communications Holdings
7D
-1.4%
1Y
-68.6%
CMCSA
US$28.41
Comcast
7D
-1.7%
1Y
-24.0%
T
US$24.07
AT&T
7D
2.4%
1Y
-0.7%
IRDM
US$21.19
Iridium Communications
7D
8.0%
1Y
-25.2%
ATEX
US$27.91
Anterix
7D
16.5%
1Y
-4.5%
LILA
US$7.32
Liberty Latin America
7D
-2.9%
1Y
9.7%

LILA: Sustained 7% EBITDA Performance Will Support Continued Share Rebound

Analysts have slightly adjusted their average price target on Liberty Latin America from about US$11.97 to around US$11.90, referencing recent Street research that cites a higher US$13 target and notes that recent EBITDA trends are supportive of the current outlook. Analyst Commentary Recent research commentary has centered on the updated US$13 price target, with the 7% Q3 rebased EBITDA growth highlighted as an important data point for assessing both valuation and execution.
UNIT
US$7.35
Uniti Group
7D
-5.2%
1Y
-17.0%
IDT
US$47.68
IDT
7D
-3.8%
1Y
1.2%

IDT: Ongoing Share Repurchases And Stable Margins Will Support Future Upside

Analysts have trimmed their price target on IDT to US$80. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E that keep their fair value view essentially unchanged.
VZ
US$39.41
Verizon Communications
7D
0.4%
1Y
-2.2%

VZ: New CEO And Cost Cuts Will Support Cash Flow Restructuring

Narrative Update: Verizon Communications Analyst Price Target Shift The analyst price target for Verizon Communications has been trimmed by about US$0.48 per share, reflecting recent price target reductions from several firms and slightly more cautious assumptions around the discount rate, revenue growth, profit margin, and future P/E. Analysts link these changes to execution risk during restructuring and competitive holiday promotions.
SHEN
US$11.04
Shenandoah Telecommunications
7D
-5.3%
1Y
2.0%
ASTS
US$121.23
AST SpaceMobile
7D
17.1%
1Y
584.1%

AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be

Jan 22
AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be
IHS
US$7.95
IHS Holding
7D
3.5%
1Y
131.1%

IHS: Emerging Markets Volatility Will Restrain Upside Despite Q3 Cash Strength

Analysts have nudged their price targets on IHS Holding higher, with recent moves from $8.75 to $9 and from $11 to $12. These changes reflect views that its Q3 operational performance, cash generation, and progress on growth initiatives support slightly better valuation assumptions.
GSAT
US$67.55
Globalstar
7D
11.1%
1Y
186.8%

GSAT: Hybrid Spectrum And Apple Partnership Will Shape Potential Sale Talks

Narrative Update on Globalstar Analysts have lifted their price target on Globalstar to US$71 from US$66, citing what they see as a de risked satellite services business backed by Apple and underused terrestrial spectrum. They state that these factors, along with expected benefits from U.S. space policy and XCOM Radio Access Network's commercial traction, feed into updated valuation inputs for fair value, discount rate, revenue growth, profit margin and future P/E.
LUMN
US$9.16
Lumen Technologies
7D
9.2%
1Y
82.8%

LUMN: Balance Sheet Repair Will Likely Fail To Sustain Recent Rebound

Analysts have lifted their price targets on Lumen Technologies sharply, with recent moves such as BofA's jump from US$2 to US$7 and RBC Capital's shift from US$4.25 to US$8, citing balance sheet repair, asset sale proceeds, cost reductions, and maintained 2025 guidance as key supports, even as they remain cautious on the company's revenue growth plans and timing. Analyst Commentary Recent Street research on Lumen highlights a split view.
GLIB.A
US$36.50
GCI Liberty
7D
-3.1%
1Y
n/a
SIFY
US$14.39
Sify Technologies
7D
-1.6%
1Y
379.7%