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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies60
  • 7D-0.8%
  • 3M-3.5%
  • 1Y4.4%
  • YTD-1.7%

Last week, the Telecom Services and Carriers industry hasn't moved much but AST SpaceMobile is up 12% in that time. As for the the longer term, the industry is up 4.4% over the past 12 months. Looking forward, earnings are forecast to grow by 2.4% 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, 17 Jan 2026US$514.8bUS$410.1bUS$61.1b9.6x8.4x1.3x
Mon, 15 Dec 2025US$409.6bUS$284.0bUS$38.4b9.2x10.7x1.4x
Wed, 12 Nov 2025US$407.6bUS$287.7bUS$38.1b11.5x10.7x1.4x
Fri, 10 Oct 2025US$429.8bUS$286.4bUS$25.5b14.5x16.9x1.5x
Sun, 07 Sep 2025US$448.8bUS$286.4bUS$25.5b15.4x17.6x1.6x
Tue, 05 Aug 2025US$430.3bUS$286.5bUS$25.8b15.6x16.7x1.5x
Thu, 03 Jul 2025US$439.5bUS$282.5bUS$27.5b17.9x16x1.6x
Sat, 31 May 2025US$417.4bUS$282.3bUS$27.5b17x15.2x1.5x
Mon, 28 Apr 2025US$408.8bUS$283.2bUS$29.4b13.1x13.9x1.4x
Wed, 26 Mar 2025US$421.2bUS$281.8bUS$28.2b10.5x14.9x1.5x
Fri, 21 Feb 2025US$409.2bUS$281.3bUS$28.6b17.2x14.3x1.5x
Sun, 19 Jan 2025US$364.8bUS$283.6bUS$13.1b18.1x27.8x1.3x
Tue, 17 Dec 2024US$391.4bUS$284.8bUS$12.9b18.9x30.3x1.4x
Thu, 14 Nov 2024US$373.4bUS$281.4bUS$13.4b19.2x27.8x1.3x
Sat, 12 Oct 2024US$372.4bUS$281.4bUS$21.2b18.4x17.6x1.3x
Mon, 09 Sep 2024US$355.4bUS$273.8bUS$23.2b18.8x15.3x1.3x
Wed, 07 Aug 2024US$336.6bUS$281.3bUS$22.4b17.9x15x1.2x
Fri, 05 Jul 2024US$337.9bUS$281.1bUS$22.7b23x14.9x1.2x
Sun, 02 Jun 2024US$334.4bUS$281.1bUS$22.7b27.8x14.7x1.2x
Tue, 30 Apr 2024US$315.2bUS$281.7bUS$21.5b26.8x14.7x1.1x
Thu, 28 Mar 2024US$329.1bUS$281.7bUS$22.5b28.1x14.6x1.2x
Sat, 24 Feb 2024US$321.8bUS$283.8bUS$21.0b21.3x15.3x1.1x
Mon, 22 Jan 2024US$322.6bUS$300.0b-US$7,365,679,584.0013.9x-43.8x1.1x
Wed, 20 Dec 2023US$315.0bUS$300.0b-US$7,362,250,126.0012.7x-42.8x1.1x
Fri, 17 Nov 2023US$301.2bUS$300.0b-US$7,364,015,103.008.9x-40.9x1x
Sun, 15 Oct 2023US$266.0bUS$301.0b-US$2,071,381,666.008.3x-128.4x0.9x
Tue, 12 Sep 2023US$283.0bUS$301.1b-US$2,065,985,478.0010x-137x0.9x
Thu, 10 Aug 2023US$276.2bUS$300.3b-US$2,096,648,917.0010.8x-131.8x0.9x
Sat, 08 Jul 2023US$300.9bUS$302.2bUS$9.5b11.8x31.5x1x
Mon, 05 Jun 2023US$291.0bUS$302.2bUS$9.5b10.3x30.6x1x
Wed, 03 May 2023US$320.1bUS$303.1bUS$11.6b13.3x27.6x1.1x
Fri, 31 Mar 2023US$338.9bUS$303.3bUS$11.8b13.2x28.8x1.1x
Sun, 26 Feb 2023US$342.7bUS$303.2bUS$12.1b14.1x28.3x1.1x
Tue, 24 Jan 2023US$348.9bUS$337.8bUS$43.5b11.8x8x1x
Price to Earnings Ratio

8x


Total Market Cap: US$348.9bTotal Earnings: US$43.5bTotal Revenue: US$337.8bTotal 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 8.3x 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 12% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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 Market0.31%
Telecom-0.039%
Telecom Services and Carriers-0.82%
Alternative Carriers8.87%
Integrated Telecom Services-1.86%
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 17.4x.
    • Analysts are expecting annual earnings decline of 4.6%, 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 61% 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 4.6% 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$115.7718.5%
+US$5.1b		457.1%PS1754.5x
LUMN Lumen TechnologiesUS$8.456.8%
+US$553.8m		49.3%PS0.7x
LILA Liberty Latin AmericaUS$7.496.1%
+US$86.1m		11.8%PS0.3x
FYBR Frontier Communications ParentUS$38.490.9%
+US$82.6m		8.0%PS1.6x
ATEX AnterixUS$25.2913.0%
+US$54.5m		-18.4%PE4.9x

Latest News

LUMN
US$8.45
Lumen Technologies
7D
6.8%
1Y
49.3%
LBTY.A
US$10.24
Liberty Global
7D
-3.3%
1Y
-12.4%

Liberty Global (NASDAQ:LBTY.A) Takes On Some Risk With Its Use Of Debt

Jan 14
Liberty Global (NASDAQ:LBTY.A) Takes On Some Risk With Its Use Of Debt
VZ
US$38.91
Verizon Communications
7D
-3.8%
1Y
0.3%
T
US$23.49
AT&T
7D
-2.1%
1Y
5.4%
SIFY
US$14.27
Sify Technologies
7D
-4.8%
1Y
393.8%
IDT
US$50.04
IDT
7D
-1.8%
1Y
4.1%

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

Narrative Update on IDT The analyst price target for IDT has been restated at US$80.00. Analysts are keeping assumptions around fair value, discount rate, revenue growth, profit margin and future P/E essentially unchanged as they reaffirm their existing view on the stock.
LILA
US$7.49
Liberty Latin America
7D
6.1%
1Y
11.8%

LILA: Sustained EBITDA Execution And Buybacks Will Drive Future Upside Potential

Narrative Update on Liberty Latin America Analysts have raised their price target on Liberty Latin America to $13 from $12, citing recent Q3 rebased EBITDA performance and updated expectations for revenue growth, profit margin, and future P/E as support for the higher valuation range. Analyst Commentary Recent Street commentary highlights a mix of optimism and caution around Liberty Latin America, with the latest Q3 rebased EBITDA figure of 7% and the revised US$13 price target serving as key reference points for valuation discussions.
BAND
US$13.41
Bandwidth
7D
-4.8%
1Y
-14.5%

BAND: AI Voice Integrations Will Support Future Upside Potential

Analysts have maintained their Bandwidth fair value target at $23.67 while making small adjustments to their discount rate and future P/E assumptions. This reflects modest changes to their risk and earnings outlook rather than a revision to the headline price target.
IRDM
US$19.04
Iridium Communications
7D
-1.6%
1Y
-32.4%

IRDM: Spectrum Competition Will Set Up Future Rebound Potential

Narrative Update: Iridium Communications Analysts have trimmed their fair value estimate for Iridium Communications from $45.00 to $40.00, citing a higher discount rate, slightly softer revenue growth and margin assumptions, and increased competitive pressure highlighted by recent spectrum deals pursued by rivals. Analyst Commentary The latest Street research on Iridium remains cautious overall, with some analysts adjusting expectations to reflect competitive pressures from rival spectrum agreements.
CCOI
US$23.85
Cogent Communications Holdings
7D
4.0%
1Y
-67.1%

CCOI: Dividend Reset And Wavelength Competition Will Shape Balanced Risk Outlook

Analysts have trimmed their price expectations for Cogent Communications Holdings to about $25 from $30, citing dividend and buyback cuts, a focus on reducing leverage, and rising competitive pressure in the wavelength market as key drivers of the revised outlook. Analyst Commentary Recent research on Cogent Communications Holdings has leaned cautious, with several bearish analysts pointing to a mix of capital allocation changes and competitive developments as reasons for a more conservative stance on the stock.
ATEX
US$25.29
Anterix
7D
13.0%
1Y
-18.4%
CMCSA
US$27.82
Comcast
7D
-1.9%
1Y
-23.9%

CMCSA: Warner Bids And New Sports Rights Will Reframe Earnings Power

Analysts nudged their fair value estimate for Comcast slightly lower to about $33.93 from $34.65. This reflects trimmed long term revenue growth and profit margin assumptions after the Versant spin, price target cuts from several firms to a range around $23 to $44, and concerns about broadband competition and media cost pressures, even as the assumed future P/E multiple edges modestly higher.
GSAT
US$60.16
Globalstar
7D
0.3%
1Y
112.2%

GSAT: Future Will Hinge On Spectrum Monetization And Potential Sale Talks

Narrative Update Analysts have lifted their fair value estimate for Globalstar from US$45.00 to US$60.00, citing its mix of a funded satellite business and underused terrestrial spectrum, alongside expectations for a satellite internet of things market that could reach US$4.9b by 2030. Analyst Commentary Recent research points to a mixed setup for Globalstar, with the latest coverage highlighting both the potential upside and some clear execution questions.
ASTS
US$115.77
AST SpaceMobile
7D
18.5%
1Y
457.1%
TSAT
US$35.56
Telesat
7D
9.5%
1Y
118.8%

Telesat Continues Making Progress, But It Will Take Time

Dec 15
FYBR
US$38.49
Frontier Communications Parent
7D
0.9%
1Y
8.0%