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U.S. Telecom Services and Carriers Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies59
  • 7D12.6%
  • 3M14.5%
  • 1Y13.7%
  • YTD10.3%

In the last week, the Telecom Services and Carriers industry is up 13%, with Verizon Communications leading the way, up 18%. During this same period, the Lumen Technologies underperformed, falling 8.9%. This means that the industry has gained 14% over the past year. As for the next few years, earnings are expected to grow by 4.7% 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
Wed, 04 Feb 2026US$544.9bUS$406.3bUS$55.9b11.2x9.7x1.3x
Fri, 02 Jan 2026US$408.2bUS$286.7bUS$38.5b9.7x10.6x1.4x
Sun, 30 Nov 2025US$410.9bUS$284.0bUS$38.4b9.2x10.7x1.4x
Tue, 28 Oct 2025US$411.7bUS$287.0bUS$35.0b11.8x11.8x1.4x
Thu, 25 Sep 2025US$445.5bUS$286.5bUS$25.5b15.3x17.5x1.6x
Sat, 23 Aug 2025US$451.3bUS$286.4bUS$25.5b15.3x17.7x1.6x
Mon, 21 Jul 2025US$414.5bUS$282.4bUS$27.5b15.6x15x1.5x
Wed, 18 Jun 2025US$425.6bUS$282.3bUS$27.5b16.9x15.5x1.5x
Fri, 16 May 2025US$407.3bUS$282.3bUS$27.4b16.7x14.9x1.4x
Sun, 13 Apr 2025US$416.2bUS$282.1bUS$28.1b14x14.8x1.5x
Tue, 11 Mar 2025US$433.3bUS$281.4bUS$28.2b11.2x15.4x1.5x
Thu, 06 Feb 2025US$383.6bUS$284.5bUS$22.7b16.4x16.9x1.3x
Sat, 04 Jan 2025US$377.5bUS$283.6bUS$13.1b18.8x28.7x1.3x
Mon, 02 Dec 2024US$398.4bUS$281.4bUS$13.3b20.2x30.1x1.4x
Wed, 30 Oct 2024US$375.5bUS$281.2bUS$16.1b18.4x23.3x1.3x
Fri, 27 Sep 2024US$381.6bUS$281.4bUS$21.2b17.8x18x1.4x
Sun, 25 Aug 2024US$350.2bUS$281.4bUS$21.2b18.6x16.5x1.2x
Tue, 23 Jul 2024US$345.1bUS$281.1bUS$22.7b21x15.2x1.2x
Thu, 20 Jun 2024US$327.6bUS$281.1bUS$22.7b25.7x14.4x1.2x
Sat, 18 May 2024US$323.7bUS$281.1bUS$22.7b27.3x14.3x1.2x
Mon, 15 Apr 2024US$311.5bUS$281.7bUS$22.5b26.8x13.8x1.1x
Wed, 13 Mar 2024US$323.1bUS$283.8bUS$20.8b26.7x15.5x1.1x
Fri, 09 Feb 2024US$327.4bUS$285.5bUS$19.9b14.4x16.5x1.1x
Sun, 07 Jan 2024US$333.3bUS$300.0b-US$7,362,407,040.0013.2x-45.3x1.1x
Tue, 05 Dec 2023US$318.8bUS$300.0b-US$7,362,668,819.0010.2x-43.3x1.1x
Thu, 02 Nov 2023US$291.0bUS$299.8b-US$7,148,889,554.007.1x-40.7x1x
Sat, 30 Sep 2023US$279.6bUS$301.1b-US$2,062,130,904.008.8x-135.6x0.9x
Mon, 28 Aug 2023US$278.0bUS$301.1b-US$2,059,826,705.0010.3x-135x0.9x
Wed, 26 Jul 2023US$285.2bUS$301.1bUS$6.5b11.6x43.8x0.9x
Fri, 23 Jun 2023US$299.1bUS$302.2bUS$9.5b11x31.3x1x
Sun, 21 May 2023US$305.4bUS$302.1bUS$9.5b10.9x32.1x1x
Tue, 18 Apr 2023US$347.1bUS$303.3bUS$11.8b13.1x29.5x1.1x
Thu, 16 Mar 2023US$326.1bUS$303.1bUS$11.9b13.8x27.3x1.1x
Sat, 11 Feb 2023US$348.3bUS$303.3bUS$15.8b14.5x22x1.1x
Price to Earnings Ratio

22x


Total Market Cap: US$348.3bTotal Earnings: US$15.8bTotal Revenue: US$303.3bTotal 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 9.7x 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 52% 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-1.35%
Telecom1.23%
Telecom Services and Carriers12.59%
Integrated Telecom Services13.96%
Alternative Carriers2.23%
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 17.2x.
    • Analysts are expecting annual earnings decline of 1.9%, 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 60% 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
VZ Verizon CommunicationsUS$46.2517.6%
+US$29.2b		16.2%PE11.4x
T AT&TUS$26.8316.7%
+US$25.7b		10.6%PE8.6x
CMCSA ComcastUS$29.764.8%
+US$4.9b		-12.3%PE5.4x
ASTS AST SpaceMobileUS$115.764.0%
+US$1.2b		401.3%PS1754.3x
IHS IHS HoldingUS$8.649.1%
+US$241.6m		142.7%PE6.2x

Latest News

LUMN
US$8.46
Lumen Technologies
7D
-8.9%
1Y
67.9%
T
US$26.83
AT&T
7D
16.7%
1Y
10.6%
GSAT
US$61.98
Globalstar
7D
-2.3%
1Y
168.3%

GSAT: Apple Partnership And Underused Spectrum Will Drive Bullish Repricing

Analysts lifted their price target on Globalstar to US$71 from US$66, pointing to what they see as a more resilient satellite services business supported by Apple, as well as the potential value of the company's underused terrestrial spectrum and expanding government services opportunities. Analyst Commentary Recent research points to a more constructive stance on Globalstar, with bullish analysts highlighting a mix of core satellite services, spectrum assets, and government related opportunities as key pieces of the story.
VZ
US$46.25
Verizon Communications
7D
17.6%
1Y
16.2%

Fiber Expansion And AI Ambitions Will Strain Margins And Limit Upside

Catalysts About Verizon Communications Verizon Communications is a large US telecommunications company that provides wireless, broadband and related services to consumer, business and public sector customers. What are the underlying business or industry changes driving this perspective?
CMCSA
US$29.76
Comcast
7D
4.8%
1Y
-12.3%
IOTR
US$2.99
iOThree
7D
-29.1%
1Y
n/a
BAND
US$13.36
Bandwidth
7D
-5.6%
1Y
-27.2%
IRDM
US$19.62
Iridium Communications
7D
-7.5%
1Y
-31.3%
LILA
US$7.83
Liberty Latin America
7D
4.4%
1Y
25.5%

LILA: Sustained 7% EBITDA Performance Will Support Continued Share Rebound

Analysts have slightly adjusted their average price target on Liberty Latin America from about US$11.97 to around US$11.90, referencing recent Street research that cites a higher US$13 target and notes that recent EBITDA trends are supportive of the current outlook. Analyst Commentary Recent research commentary has centered on the updated US$13 price target, with the 7% Q3 rebased EBITDA growth highlighted as an important data point for assessing both valuation and execution.
UNIT
US$8.19
Uniti Group
7D
12.0%
1Y
-8.6%
IDT
US$47.32
IDT
7D
-2.2%
1Y
-0.2%

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

Analysts have trimmed their price target on IDT to US$80. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E that keep their fair value view essentially unchanged.
TSAT
US$28.19
Telesat
7D
-0.7%
1Y
47.6%

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
ASTS
US$115.76
AST SpaceMobile
7D
4.0%
1Y
401.3%

AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be

Jan 22
AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be
IHS
US$8.64
IHS Holding
7D
9.1%
1Y
142.7%

IHS: Emerging Markets Volatility Will Restrain Upside Despite Q3 Cash Strength

Analysts have nudged their price targets on IHS Holding higher, with recent moves from $8.75 to $9 and from $11 to $12. These changes reflect views that its Q3 operational performance, cash generation, and progress on growth initiatives support slightly better valuation assumptions.
LBTY.A
US$11.02
Liberty Global
7D
2.3%
1Y
-1.8%

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
ELWT
US$5.02
Elauwit Connection
7D
-13.1%
1Y
n/a