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U.S. Telecom Services and Carriers Industry Analysis

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies55
  • 7D3.2%
  • 3M2.6%
  • 1Y-2.2%
  • YTD-5.9%

Over the last 7 days, the Telecom Services and Carriers industry has risen 6.1%, driven by gains from Space Exploration Technologies of 4.9%. During this same period, the Comcast underperformed, falling 8.3%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 46% 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, 10 Sep 2026US$2.6tUS$430.4bUS$35.9b20.7x73.1x6.1x
Sat, 08 Aug 2026US$2.0tUS$430.4bUS$36.2b19.8x55.9x4.7x
Mon, 06 Jul 2026US$2.6tUS$426.5bUS$41.4b17.9x63.1x6.1x
Wed, 03 Jun 2026US$535.4bUS$410.3bUS$51.3b14.6x10.4x1.3x
Fri, 01 May 2026US$526.5bUS$410.0bUS$49.7b12.7x10.6x1.3x
Sun, 29 Mar 2026US$573.6bUS$406.4bUS$51.3b13.4x11.2x1.4x
Tue, 24 Feb 2026US$572.2bUS$406.4bUS$50.8b9.7x11.3x1.4x
Thu, 22 Jan 2026US$499.5bUS$403.9bUS$61.5b9.7x8.1x1.2x
Sat, 20 Dec 2025US$398.9bUS$284.0bUS$38.4b9.3x10.4x1.4x
Mon, 17 Nov 2025US$413.1bUS$287.7bUS$38.2b9.1x10.8x1.4x
Wed, 15 Oct 2025US$421.3bUS$286.4bUS$25.5b14.2x16.5x1.5x
Fri, 12 Sep 2025US$441.9bUS$286.5bUS$25.5b15.2x17.3x1.5x
Sun, 10 Aug 2025US$432.6bUS$286.4bUS$25.5b15.8x17x1.5x
Tue, 08 Jul 2025US$435.9bUS$282.4bUS$27.5b17.7x15.8x1.5x
Thu, 05 Jun 2025US$424.3bUS$282.3bUS$27.5b16.8x15.4x1.5x
Sat, 03 May 2025US$421.4bUS$283.2bUS$29.3b14.1x14.4x1.5x
Mon, 31 Mar 2025US$433.2bUS$281.7bUS$28.1b13.9x15.4x1.5x
Wed, 26 Feb 2025US$417.0bUS$281.4bUS$28.5b13.7x14.6x1.5x
Fri, 24 Jan 2025US$366.6bUS$283.7bUS$13.1b18.3x27.9x1.3x
Sun, 22 Dec 2024US$374.4bUS$284.8bUS$12.9b18.8x29x1.3x
Tue, 19 Nov 2024US$378.1bUS$281.4bUS$13.3b19.1x28.5x1.3x
Thu, 17 Oct 2024US$382.2bUS$281.4bUS$21.2b18.4x18x1.4x
Sat, 14 Sep 2024US$378.4bUS$281.4bUS$21.2b18.7x17.9x1.3x
Mon, 12 Aug 2024US$346.3bUS$281.3bUS$21.2b20.9x16.3x1.2x
Wed, 10 Jul 2024US$341.1bUS$281.1bUS$22.7b23.2x15x1.2x
Fri, 07 Jun 2024US$336.3bUS$281.1bUS$22.7b25.8x14.8x1.2x
Sun, 05 May 2024US$313.3bUS$281.5bUS$22.7b26.8x13.8x1.1x
Tue, 02 Apr 2024US$331.4bUS$281.7bUS$22.5b28.1x14.7x1.2x
Thu, 29 Feb 2024US$320.0bUS$283.7bUS$20.7b23.4x15.5x1.1x
Sat, 27 Jan 2024US$339.1bUS$300.5bUS$8.4b14.3x40.6x1.1x
Mon, 25 Dec 2023US$315.6bUS$300.0b-US$7,362,413,411.0012.9x-42.9x1.1x
Wed, 22 Nov 2023US$301.8bUS$300.0b-US$7,363,756,475.0010.1x-41x1x
Fri, 20 Oct 2023US$276.6bUS$301.4b-US$4,555,152,765.007.8x-60.7x0.9x
Sun, 17 Sep 2023US$287.6bUS$301.1b-US$2,062,129,599.009.5x-139.5x1x
Price to Earnings Ratio

-139.5x


Total Market Cap: US$287.6bTotal Earnings: -US$2,062,129,599.00Total Revenue: US$301.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 9.2x202420252026
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 70.9x which is higher than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • Total earnings for the Telecom industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?

US Market-0.22%
Telecom0.68%
Telecom Services and Carriers3.17%
Alternative Carriers4.74%
Integrated Telecom Services-3.24%
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 14.4x.
    • Analysts are expecting annual earnings growth of 3.9%, which is higher than its past year's earnings decline of 14.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 3.9% 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
SPCX Space Exploration TechnologiesUS$147.554.9%
+US$92.8b		n/aPS86.9x
TSAT TelesatUS$46.487.6%
+US$49.8m		120.7%PS2.7x
UNIT Uniti GroupUS$10.041.9%
+US$46.1m		46.6%PE2.5x
BAND BandwidthUS$48.832.7%
+US$41.2m		221.7%PE694.1x
GSAT GlobalstarUS$81.680.3%
+US$28.5m		162.5%PS37.7x

Latest News

T
US$25.15
AT&T
7D
-3.1%
1Y
-13.9%
Seeking Alpha • 5h

AT&T: SpaceX Threat Is Still Exaggerated

Summary This article weighs the tangible FQ2 operating results posted by AT&T against the perceived SpaceX competition. My conclusion is that the downside is still exaggerated and the current valuation still does not fully capture the upside. Fiber is a top driver on my list, and convergence with wireless can also enhance customer stickiness, supporting long-term growth and reduced churn. T's forward P/E of ~11x and PEG near 1x remain attractive despite recent price rally. P/cash ratio of around 4.4x is still too cheap either in absoluteterms or relative to sector medians. Read the full article on Seeking Alpha
VZ
US$49.74
Verizon Communications
7D
-1.0%
1Y
14.4%
Seeking Alpha • 9h

Verizon: Buy For The 5%+ Yield, Stay For The Next Phase Of Growth

Summary Verizon offers a compelling investment case at less than 10x forward earnings and a dividend yield above 5%. Recent execution has driven record 40.1% EBITDA margins, and 7% EPS growth and raised guidance, with expectations for 6–7% EPS growth and 9.5% free cash flow growth this year. Broadband expansion, strategic partnerships, and share buybacks are expected to accelerate revenue and cash flow, supporting a potential rerating to a 13x multiple and $72 price target. Despite limited near-term upside due to macro risks, VZ remains attractive for long-term income-focused investors. Read the full article on Seeking Alpha
ATEX
US$83.93
Anterix
7D
-3.1%
1Y
296.1%
UNIT
US$10.04
Uniti Group
7D
1.9%
1Y
46.6%
LBTY.A
US$10.51
Liberty Global
7D
-1.6%
1Y
-8.9%
IRDM
US$47.06
Iridium Communications
7D
0.2%
1Y
162.0%
CCOI
US$9.33
Cogent Communications Holdings
7D
-8.7%
1Y
-73.6%
Narrative Update • Sep 05

CCOI: Execution On Data Center Sales Will Drive Future Upside Potential

Cogent Communications Holdings' analyst fair value estimate has been revised down from about $32.16 to about $27.69, as analysts lower price targets into a $9 to $12.50 range following softer revenue and EBITDA, slower wave installations, Sprint contract runoff, and updated models after a challenging Q2. Analyst Commentary on Cogent Communications Holdings Recent Street research on Cogent Communications Holdings points to a tougher near term setup, yet also highlights areas that some investors may view as potential support for the story.
BAND
US$48.83
Bandwidth
7D
2.7%
1Y
221.7%
SPCX
US$147.55
Space Exploration Technologies
7D
4.9%
1Y
n/a
Seeking Alpha • Sep 04

SpaceX: I Was A Bear, But Now I See Clear Upside

Summary SpaceX is rated Strong Buy with a $220 price target, implying 47% upside driven by robust AI growth. SPCX operates three segments: Connectivity (55% of revenue), AI (33%), and Space (12%), each in aggressive ramp mode. AI, especially post-xAI acquisition, is the primary long-term growth driver, projected to reach a ~$330B top line by decade’s end. Valuation is demanding (82.3x EV/EBITDA), but DCF supports upside; risks include capital intensity, competition, and secondary offerings. Read the full article on Seeking Alpha
GLIB.A
US$25.87
Liberty Capital
7D
-3.2%
1Y
-28.6%
IHS
US$8.46
IHS Holding
7D
0.4%
1Y
17.5%
TSAT
US$46.48
Telesat
7D
7.6%
1Y
120.7%
ASTS
US$62.42
AST SpaceMobile
7D
0.03%
1Y
66.1%
Seeking Alpha • Sep 01

AST SpaceMobile: Q2 Was The Most Bullish Call But Overshadowed By Possible Manufacturing Delays

Summary AST SpaceMobile remains a compelling buy, though I downgrade it to buy due to short-term manufacturing delays impacting satellite launch cadence. Q2 call highlighted multi-billion-dollar revenue potential across defense, B2B, IoT, and other segments, with the defense base case now raised to $3 billion annually. Fair value is $165 per share, reflecting a higher discount rate amid manufacturing uncertainty; the long-term target remains $315–$551 per share by 2030. Execution risk centers on scaling manufacturing and timely satellite deployment, but expanded production capacity and a strong cash position support the investment thesis. Read the full article on Seeking Alpha
GSAT
US$81.68
Globalstar
7D
0.3%
1Y
162.5%
Seeking Alpha • Aug 29

Globalstar: Q2 Improves The Deal Outlook, But I'm Staying On Hold

Summary Globalstar remains a Hold as the Amazon deal caps upside near $90, shifting focus from growth to deal closure probability. Q2 results highlight ongoing customer concentration risk—Apple accounted for 64% of first-half revenue—and continued net losses, though operational milestones have reduced potential price cuts. Regulatory progress is evident with Hart-Scott-Rodino clearance and satellite launches, but significant regulatory and timing risks remain before deal closure. With the stock near $82 and capped upside, the risk-reward profile is anchored by deal odds, not business fundamentals or re-rating potential. Read the full article on Seeking Alpha
CMCSA
US$24.59
Comcast
7D
-8.3%
1Y
-26.6%
SHEN
US$11.92
Shenandoah Telecommunications
7D
-5.6%
1Y
-10.2%