Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Telecom Services and Carriers Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies55
  • 7D-3.7%
  • 3M14.9%
  • 1Y9.9%
  • YTD13.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.7%, driven by a pullback from AT&T of 5.5%. Over the past 12 months, the industry was up 9.9%. Looking forward, earnings are forecast to grow by 7.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026US$573.1bUS$406.5bUS$50.8b10.5x11.3x1.4x
Sun, 08 Feb 2026US$560.8bUS$406.3bUS$55.9b9.6x10x1.4x
Tue, 06 Jan 2026US$413.2bUS$286.7bUS$38.5b12.4x10.7x1.4x
Thu, 04 Dec 2025US$406.0bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sat, 01 Nov 2025US$406.1bUS$287.5bUS$36.6b11.8x11.1x1.4x
Mon, 29 Sep 2025US$440.7bUS$286.4bUS$25.5b14.9x17.3x1.5x
Wed, 27 Aug 2025US$445.2bUS$286.4bUS$25.5b15.3x17.5x1.6x
Fri, 25 Jul 2025US$434.4bUS$285.2bUS$28.9b15.4x15x1.5x
Sun, 22 Jun 2025US$420.9bUS$282.3bUS$27.5b16.9x15.3x1.5x
Tue, 20 May 2025US$423.7bUS$282.3bUS$27.4b17.2x15.5x1.5x
Thu, 17 Apr 2025US$424.7bUS$282.1bUS$28.1b13x15.1x1.5x
Sat, 15 Mar 2025US$412.8bUS$281.3bUS$28.2b10.6x14.6x1.5x
Mon, 10 Feb 2025US$385.9bUS$284.5bUS$22.7b16.4x17x1.4x
Wed, 08 Jan 2025US$372.8bUS$283.6bUS$13.1b18.5x28.4x1.3x
Fri, 06 Dec 2024US$392.6bUS$284.9bUS$12.9b19.2x30.4x1.4x
Sun, 03 Nov 2024US$373.6bUS$281.4bUS$14.0b18.2x26.7x1.3x
Tue, 01 Oct 2024US$386.8bUS$281.4bUS$21.2b17.9x18.3x1.4x
Thu, 29 Aug 2024US$354.2bUS$281.4bUS$21.2b18.8x16.7x1.3x
Sat, 27 Jul 2024US$340.1bUS$281.2bUS$22.6b20.9x15.1x1.2x
Mon, 24 Jun 2024US$330.6bUS$281.1bUS$22.7b25.3x14.6x1.2x
Wed, 22 May 2024US$322.7bUS$281.1bUS$22.7b27.9x14.2x1.1x
Fri, 19 Apr 2024US$312.9bUS$281.7bUS$22.5b26.8x13.9x1.1x
Sun, 17 Mar 2024US$316.5bUS$281.7bUS$22.6b27x14x1.1x
Tue, 13 Feb 2024US$323.6bUS$283.7bUS$19.8b18.1x16.4x1.1x
Thu, 11 Jan 2024US$324.7bUS$300.0b-US$7,362,401,959.0015.1x-44.1x1.1x
Sat, 09 Dec 2023US$321.4bUS$300.0b-US$7,360,707,013.0011.8x-43.7x1.1x
Mon, 06 Nov 2023US$301.2bUS$300.1b-US$6,954,079,469.009.4x-43.3x1x
Wed, 04 Oct 2023US$272.9bUS$301.1b-US$2,062,132,409.008.7x-132.3x0.9x
Fri, 01 Sep 2023US$291.5bUS$301.1b-US$2,059,829,584.0010.9x-141.5x1x
Sun, 30 Jul 2023US$280.1bUS$301.4bUS$6.6b11.5x42.2x0.9x
Tue, 27 Jun 2023US$300.8bUS$302.2bUS$9.5b12.5x31.5x1x
Thu, 25 May 2023US$301.0bUS$302.2bUS$9.5b10.2x31.6x1x
Sat, 22 Apr 2023US$327.1bUS$303.7bUS$11.2b12.9x29.2x1.1x
Mon, 20 Mar 2023US$323.3bUS$303.1bUS$12.0b13.5x27x1.1x
Price to Earnings Ratio

27x


Total Market Cap: US$323.3bTotal Earnings: US$12.0bTotal Revenue: US$303.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.6x202420252026
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 11.3x which is higher than its 3-year average PE of 1.6x.
  • The 3-year average PS ratio of 1.3x 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 62% 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 Market-2.29%
Telecom-1.58%
Telecom Services and Carriers-3.67%
Integrated Telecom Services-3.47%
Alternative Carriers-5.59%
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 16.7x.
    • Analysts are expecting annual earnings decline of 1.2%, 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 94% over the next 5 years.
  • This is better than its past earnings growth rate of 43% 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
IRDM Iridium CommunicationsUS$24.783.5%
+US$87.1m		-7.8%PE22.7x
IHS IHS HoldingUS$8.160.9%
+US$23.5m		119.9%PE5.9x
TSAT TelesatUS$33.320.4%
+US$1.9m		55.8%PS1.5x
ELWT Elauwit ConnectionUS$7.031.3%
+US$595.8k		n/aPS2.3x
IOTR iOThreeUS$2.012.6%
+US$130.0k		n/aPS0.4x

Latest News

IRDM
US$24.78
Iridium Communications
7D
3.5%
1Y
-7.8%
TSAT
US$33.32
Telesat
7D
0.4%
1Y
55.8%
CMCSA
US$30.16
Comcast
7D
-4.6%
1Y
-13.1%
VZ
US$50.63
Verizon Communications
7D
-1.1%
1Y
15.8%

VZ: Fair Value View Will Reflect Cost Cuts And Execution Risks

Narrative Update: Verizon Communications The analyst price target for Verizon Communications edges higher to approximately $50.00, up by a small fraction. Analysts point to firming trends in subscriber additions, cost efficiencies and broadband growth, which are reflected in a slightly higher fair value estimate and a modestly higher assumed future P/E of about 12x.
ASTS
US$87.09
AST SpaceMobile
7D
-7.2%
1Y
233.4%
CCOI
US$19.63
Cogent Communications Holdings
7D
-13.8%
1Y
-71.0%

CCOI: Future Data Center Sales And Refinancing Plans Will Support Recovery

Our updated narrative price target for Cogent Communications Holdings moves lower by about $2.40 to $26.27. This reflects analysts' recent target cuts into the low $20s to $40 range after softer Q4 results, slower waves growth, and uncertainty around planned data center sales and balance sheet outcomes.
IHS
US$8.16
IHS Holding
7D
0.9%
1Y
119.9%

IHS: MTN Cash Offer Will Anchor Returns And Limit Standalone Upside

Analysts have adjusted their price target on IHS Holding to $8.50, down from $17.00. This reflects the agreed $8.50 per share cash offer from MTN Group and the high level of shareholder support for the proposed merger.
GSAT
US$57.11
Globalstar
7D
-3.9%
1Y
166.6%

GSAT: Future Will Depend On De Risked Satellites And Underused Spectrum Balance

Analysts have increased their fair value estimate for Globalstar from $60.00 to $63.00, citing a higher $71 Street price target and the view that the company offers a compelling mix of "de-risked" satellite services supported by Apple and underutilized terrestrial spectrum assets. Analyst Commentary Recent research highlights a mixed but generally constructive stance toward Globalstar.
T
US$27.39
AT&T
7D
-5.5%
1Y
5.0%

T: Cloud Partnerships And Buybacks Will Shape Balanced Return Potential

Analysts have nudged their price target narrative on AT&T slightly higher to about $29.41, reflecting updated assumptions for discount rate, fair value and future P/E that fine-tune rather than overhaul the prior view. What's in the News AT&T, Amazon Web Services and Amazon Leo are working together to combine AT&T’s fiber network with AWS cloud and AI tools, including migrating AT&T workloads to AWS Outposts and connecting AWS data centers with high capacity fiber, while Amazon Leo will provide satellite based connectivity for fixed broadband services in harder to serve areas (Key Developments).
LUMN
US$6.44
Lumen Technologies
7D
-5.7%
1Y
38.5%

LUMN: Balance Sheet Repair And Cost Cuts Will Support Re Rating

Our updated Lumen Technologies price target moves modestly higher by a few dollars, as analysts balance mixed rating changes with expectations for slightly less severe revenue contraction, a similar margin profile, and a higher assumed future P/E multiple, supported by recent balance sheet repair and cost cutting progress. Analyst Commentary Recent Street research around Lumen paints a mixed but generally constructive picture, as several bullish analysts lift their price targets while one firm takes a more cautious stance with a downgrade.
LBTY.A
US$12.42
Liberty Global
7D
-3.4%
1Y
8.5%

LBTY.A: Future Infrastructure Deals And Cash Returns Will Support Upside

Analysts have nudged their price target for Liberty Global up by $1 to $14, citing refreshed forecasts and valuation work following the latest company results. Analyst Commentary Bullish analysts see the updated US$14 price target as a reflection of refreshed modeling work after the latest results, rather than a major shift in view.
IOTR
US$2.01
iOThree
7D
2.6%
1Y
n/a
NXPL
US$0.45
NextPlat
7D
0.5%
1Y
-55.0%

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
ELWT
US$7.03
Elauwit Connection
7D
1.3%
1Y
n/a