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U.S. Telecom Services and Carriers Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies58
  • 7D2.1%
  • 3M-6.4%
  • 1Y10.8%
  • YTD11.6%

AT&T is up 3.1%, leading the way for the Telecom Services and Carriers industry, which has gained 2.1%. Meanwhile, Lumen Technologies actually underperformed within the industry, shrinking 24% in the last week. In the last 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 4.9% 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
Mon, 17 Nov 2025US$416.9bUS$287.7bUS$38.2b9.1x10.9x1.4x
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
Tue, 15 Aug 2023US$283.0bUS$301.0b-US$975,920,750.0010x-289.9x0.9x
Thu, 13 Jul 2023US$293.1bUS$302.2bUS$9.5b12.6x30.7x1x
Sat, 10 Jun 2023US$300.6bUS$302.2bUS$9.5b10.8x31.6x1x
Mon, 08 May 2023US$321.0bUS$302.2bUS$11.5b11.3x27.9x1.1x
Wed, 05 Apr 2023US$346.5bUS$303.3bUS$11.8b13.1x29.5x1.1x
Fri, 03 Mar 2023US$337.3bUS$303.1bUS$12.0b14.9x28x1.1x
Sun, 29 Jan 2023US$359.7bUS$304.4bUS$19.4b13.9x18.6x1.2x
Tue, 27 Dec 2022US$333.0bUS$337.7bUS$43.5b10.9x7.7x1x
Thu, 24 Nov 2022US$344.3bUS$337.8bUS$43.4b12x7.9x1x
Price to Earnings Ratio

7.9x


Total Market Cap: US$344.3bTotal Earnings: US$43.4bTotal Revenue: US$337.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 2x202320242025
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 10.9x which is higher than its 3-year average PE of 2.0x.
  • 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 declined 4.2% per year over the last three years,
  • Revenues have also declined 5.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

US Market-0.39%
Telecom-0.84%
Telecom Services and Carriers2.11%
Integrated Telecom Services2.70%
Alternative Carriers-2.95%
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 0.3%, which is lower than the prior year's growth of 73.8% 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 19% 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
T AT&TUS$25.593.1%
+US$5.4b		11.3%PE8.2x
VZ Verizon CommunicationsUS$41.063.0%
+US$5.1b		-2.8%PE8.7x
GSAT GlobalstarUS$62.959.3%
+US$681.1m		145.4%PS30.5x
ATEX AnterixUS$22.6725.0%
+US$84.4m		-31.4%PE4.4x
LILA Liberty Latin AmericaUS$8.170.9%
+US$14.0m		22.7%PS0.4x

Latest News

ATEX
US$22.67
Anterix
7D
25.0%
1Y
-31.4%
IHS
US$6.24
IHS Holding
7D
-4.3%
1Y
122.9%

IHS Holding Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 15
IHS Holding Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
ASTS
US$61.40
AST SpaceMobile
7D
-10.6%
1Y
138.0%
LUMN
US$7.99
Lumen Technologies
7D
-23.8%
1Y
-1.7%

LUMN: High Leverage And Debt Refinancing Will Weigh On Future Performance

Analysts have raised their price target for Lumen Technologies from $6.00 to $7.50. They cite improved debt refinancing and expectations of lower interest rates as key factors in the company's brighter outlook.
IDT
US$51.72
IDT
7D
0.4%
1Y
3.6%
LILA
US$8.17
Liberty Latin America
7D
0.9%
1Y
22.7%

LILA: Sustained Rebound Will Follow Recent Strong Quarterly Performance

Analysts have raised their price target for Liberty Latin America from $12 to $13. They cite increased confidence in the company’s sustained growth following its latest strong quarterly results.
VZ
US$41.06
Verizon Communications
7D
3.0%
1Y
-2.8%

VZ: Future Restructuring Will Drive Transformation and Expand Wireless Market Opportunities

Verizon Communications’ average analyst price target has decreased from $49 to $45. Analysts attribute this modest decline to execution risks amid restructuring efforts and evolving competitive strategies in the wireless market.
UNIT
US$6.28
Uniti Group
7D
-3.8%
1Y
-33.8%

We Think Shareholders Should Be Aware Of Some Factors Beyond Uniti Group's (NASDAQ:UNIT) Profit

Nov 14
We Think Shareholders Should Be Aware Of Some Factors Beyond Uniti Group's (NASDAQ:UNIT) Profit
SIFY
US$10.66
Sify Technologies
7D
-8.7%
1Y
282.1%

SIFY: Future Profits Will Be Driven by Expanding Margins

Analysts have revised Sify Technologies’ price target modestly upward, increasing it from $22 to $22.00. This change is based on updates to key valuation metrics and adjustments in financial forecasts.
IRDM
US$16.54
Iridium Communications
7D
0.3%
1Y
-42.1%

IRDM: Expanding Global Partnerships Will Drive Connectivity Beyond Competitive Threats

Analysts have lowered their fair value estimate for Iridium Communications from $31.00 to $29.75 per share, citing ongoing concerns about intensifying competition and the recent reduction in industry price targets. Analyst Commentary Recent updates from Street research indicate a shifting landscape for Iridium Communications, as analysts re-evaluate the company’s prospects in light of intensifying competition and strategic spectrum acquisitions by rivals.
CCOI
US$17.55
Cogent Communications Holdings
7D
-20.7%
1Y
-78.1%
ATNI
US$19.85
ATN International
7D
0.9%
1Y
3.0%

Here's Why ATN International (NASDAQ:ATNI) Is Weighed Down By Its Debt Load

Nov 07
Here's Why ATN International (NASDAQ:ATNI) Is Weighed Down By Its Debt Load
GSAT
US$62.95
Globalstar
7D
9.3%
1Y
145.4%

GSAT: Satellite Spectrum Demand Will Drive Increased Acquisition Interest

Analysts have raised their price target for Globalstar from $60.00 to $66.00 per share. They cited confidence in the company's hybrid satellite and terrestrial spectrum business as well as the rapidly growing satellite IoT market.
T
US$25.59
AT&T
7D
3.1%
1Y
11.3%
LBTY.A
US$10.67
Liberty Global
7D
-2.3%
1Y
-12.3%

LBTY.A: Leadership Transition Will Unlock Renewed Confidence For Shares

Narrative Update on Liberty Global Analysts have increased their price target for Liberty Global to $13 from $12.50, reflecting updated projections following the company’s latest quarterly results. Analyst Commentary Analysts have weighed in on Liberty Global's performance and outlook following the release of its second quarter report.
SHEN
US$10.35
Shenandoah Telecommunications
7D
-6.1%
1Y
-20.4%