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U.S. Telecom Services and Carriers Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies57
  • 7D-1.6%
  • 3M15.0%
  • 1Y8.6%
  • YTD12.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.6%, driven by a pullback from AT&T of 3.2%. In contrast, AST SpaceMobile has gained 5.1%. Over the past 12 months, the industry was up 8.6%. As for the next few years, earnings are expected to grow by 4.4% 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
Fri, 20 Feb 2026US$568.7bUS$406.4bUS$50.8b9.7x11.2x1.4x
Sun, 18 Jan 2026US$508.8bUS$410.1bUS$61.1b9.6x8.3x1.2x
Tue, 16 Dec 2025US$409.6bUS$284.0bUS$38.4b9.2x10.7x1.4x
Thu, 13 Nov 2025US$413.7bUS$287.7bUS$38.1b11.7x10.9x1.4x
Sat, 11 Oct 2025US$426.3bUS$286.4bUS$25.5b14x16.7x1.5x
Mon, 08 Sep 2025US$451.0bUS$286.4bUS$25.5b15.4x17.7x1.6x
Wed, 06 Aug 2025US$430.0bUS$286.5bUS$25.8b15.6x16.6x1.5x
Fri, 04 Jul 2025US$435.8bUS$282.4bUS$27.5b17.9x15.8x1.5x
Sun, 01 Jun 2025US$420.1bUS$282.3bUS$27.5b17x15.3x1.5x
Tue, 29 Apr 2025US$409.4bUS$283.2bUS$29.4b13x13.9x1.4x
Thu, 27 Mar 2025US$422.9bUS$281.8bUS$28.2b10.6x15x1.5x
Sat, 22 Feb 2025US$413.9bUS$281.3bUS$28.5b15.4x14.5x1.5x
Mon, 20 Jan 2025US$364.8bUS$283.6bUS$13.1b18.1x27.8x1.3x
Wed, 18 Dec 2024US$379.9bUS$284.8bUS$12.9b18.7x29.4x1.3x
Fri, 15 Nov 2024US$374.9bUS$281.4bUS$13.4b19x27.9x1.3x
Sun, 13 Oct 2024US$374.0bUS$281.4bUS$21.2b18.4x17.6x1.3x
Tue, 10 Sep 2024US$365.6bUS$273.8bUS$23.2b18.8x15.7x1.3x
Thu, 08 Aug 2024US$341.6bUS$281.3bUS$22.4b18x15.2x1.2x
Sat, 06 Jul 2024US$338.1bUS$281.1bUS$22.7b23x14.9x1.2x
Mon, 03 Jun 2024US$334.4bUS$281.1bUS$22.7b27.8x14.7x1.2x
Wed, 01 May 2024US$315.2bUS$281.7bUS$21.5b27.3x14.7x1.1x
Fri, 29 Mar 2024US$329.1bUS$281.7bUS$22.5b28.1x14.6x1.2x
Sun, 25 Feb 2024US$321.8bUS$283.7bUS$20.7b22.8x15.6x1.1x
Tue, 23 Jan 2024US$325.2bUS$300.0b-US$7,365,679,688.0013.2x-44.2x1.1x
Thu, 21 Dec 2023US$315.1bUS$300.0b-US$7,362,256,316.0012.4x-42.8x1.1x
Sat, 18 Nov 2023US$301.3bUS$300.0b-US$7,363,750,550.0010.1x-40.9x1x
Mon, 16 Oct 2023US$266.0bUS$301.0b-US$2,071,381,666.008.3x-128.4x0.9x
Wed, 13 Sep 2023US$283.1bUS$301.1b-US$2,062,110,866.009.5x-137.3x0.9x
Fri, 11 Aug 2023US$280.4bUS$301.0b-US$997,014,295.0010.2x-281.2x0.9x
Sun, 09 Jul 2023US$300.9bUS$302.2bUS$9.5b11.8x31.5x1x
Tue, 06 Jun 2023US$290.9bUS$302.2bUS$9.5b10.2x30.6x1x
Thu, 04 May 2023US$321.8bUS$302.2bUS$11.5b11.1x27.9x1.1x
Sat, 01 Apr 2023US$341.7bUS$303.3bUS$11.8b13.4x29x1.1x
Mon, 27 Feb 2023US$342.7bUS$303.1bUS$12.1b14.6x28.3x1.1x
Price to Earnings Ratio

28.3x


Total Market Cap: US$342.7bTotal Earnings: US$12.1bTotal Revenue: US$303.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.9x202420252026
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 11.2x which is higher than its 3-year average PE of 1.9x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 61% 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 Market0.64%
Telecom-0.80%
Telecom Services and Carriers-1.62%
Alternative Carriers4.71%
Integrated Telecom Services-2.21%
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 17.0x.
    • Analysts are expecting annual earnings decline of 1.5%, which is lower than the prior year's growth of 34.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 15% 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$86.405.1%
+US$1.7b		173.2%PS1338.9x
LBTY.A Liberty GlobalUS$12.2412.4%
+US$433.2m		7.7%PS0.8x
ATEX AnterixUS$34.4417.7%
+US$96.8m		-14.7%PE7.9x
GLIB.A GCI LibertyUS$39.825.1%
+US$77.2m		n/aPS1.5x
IRDM Iridium CommunicationsUS$23.083.1%
+US$72.4m		-28.1%PE21.2x

Latest News

ASTS
US$86.40
AST SpaceMobile
7D
5.1%
1Y
173.2%
LBTY.A
US$12.24
Liberty Global
7D
12.4%
1Y
7.7%
BAND
US$14.54
Bandwidth
7D
13.4%
1Y
-16.7%
IHS
US$8.05
IHS Holding
7D
-2.8%
1Y
110.2%

IHS: Merger Agreement At US$8.50 Will Drive Emerging Market Upside

The analyst price target for IHS Holding has been revised from about $16.75 to $12.00. This reflects the $8.50 per share MTN Group merger agreement and recent Street research that has adjusted ratings and targets closer to the proposed deal value.
ATNI
US$28.44
ATN International
7D
-2.3%
1Y
58.6%

ATNI: Lower Required Return And Steady Outlook Will Support Future Upside

Analysts have modestly refined their price target on ATN International to $39.00, citing updated views on discount rate assumptions, revenue growth outlook, profit margins, and future P/E levels as the main drivers of the adjustment. Valuation Changes Fair Value: Held steady at $39.0, indicating no change in the modelled central value.
IRDM
US$23.08
Iridium Communications
7D
3.1%
1Y
-28.1%
CMCSA
US$31.38
Comcast
7D
-0.6%
1Y
-13.4%

CMCSA: Future Returns Will Hinge On Risky Warner Bros Bid Uncertainty

Comcast's analyst price targets have edged lower overall, with several firms trimming their views by $1 to $4 as they factor in the Versant spin off and lingering pressure in legacy pay TV. This is partly offset by at least one small upward revision of $0.21 tied to more constructive views on the core business.
ATEX
US$34.44
Anterix
7D
17.7%
1Y
-14.7%

Anterix's (NASDAQ:ATEX) Earnings Might Not Be As Promising As They Seem

Feb 18
Anterix's (NASDAQ:ATEX) Earnings Might Not Be As Promising As They Seem
UNIT
US$8.31
Uniti Group
7D
3.0%
1Y
-7.6%

UNIT: Sector Headwinds And Fiber Build Commitments Will Constrain Upside Potential

Analysts have slightly increased their fair value estimate for Uniti Group, with the updated price target moving roughly $0.11. This adjustment reflects fine-tuned assumptions around the discount rate, profit margin, and future P/E following recent sector wide REIT updates.
T
US$27.88
AT&T
7D
-3.2%
1Y
6.6%

T: Future Returns Will Be Constrained By Lower Expected P/E Multiple

Analysts have adjusted their AT&T price target from $26.00 to about $23.24. This reflects updated views on fair value, discount rate, revenue growth, profit margins, and future P/E expectations.
VZ
US$48.64
Verizon Communications
7D
-0.8%
1Y
13.8%

Verizon Communications Inc. (NYSE:VZ) Stock Rockets 26% But Many Are Still Ignoring The Company

Feb 16
Verizon Communications Inc. (NYSE:VZ) Stock Rockets 26% But Many Are Still Ignoring The Company
GLIB.A
US$39.82
GCI Liberty
7D
5.1%
1Y
n/a

Rural Broadband Expansion And Lower Future CapEx Will Support A Stronger Long Term Outlook

Catalysts About GCI Liberty GCI Liberty, through GCI, provides broadband and wireless connectivity services across Alaska, with a focus on both urban and rural communities. What are the underlying business or industry changes driving this perspective?
IQST
US$1.89
iQSTEL
7D
-8.3%
1Y
-86.5%
IOTR
US$2.48
iOThree
7D
-8.8%
1Y
n/a
NXPL
US$0.54
NextPlat
7D
-6.1%
1Y
-46.0%

NextPlat Corp (NASDAQ:NXPL) Stock Rockets 25% But Many Are Still Ignoring The Company

Jan 29
NextPlat Corp (NASDAQ:NXPL) Stock Rockets 25% But Many Are Still Ignoring The Company
TSAT
US$29.96
Telesat
7D
13.7%
1Y
52.5%

Here's Why Telesat (NASDAQ:TSAT) Is Weighed Down By Its Debt Load

Jan 25
Here's Why Telesat (NASDAQ:TSAT) Is Weighed Down By Its Debt Load