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U.S. Telecom Services and Carriers Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies57
  • 7D1.3%
  • 3M17.4%
  • 1Y11.1%
  • YTD14.1%

The Telecom Services and Carriers industry is up 2.1% in the last week, with AT&T up 4.7%. In the same time, AST SpaceMobile was down 14%. This means that the industry has gained 12% over the past year. Earnings are forecast to grow by 3.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026US$577.0bUS$406.3bUS$55.9b9.7x10.3x1.4x
Fri, 16 Jan 2026US$509.2bUS$410.1bUS$61.1b9.6x8.3x1.2x
Sun, 14 Dec 2025US$409.7bUS$284.0bUS$38.4b9.2x10.7x1.4x
Tue, 11 Nov 2025US$407.5bUS$287.6bUS$38.0b11.6x10.7x1.4x
Thu, 09 Oct 2025US$426.7bUS$286.4bUS$25.5b14.4x16.7x1.5x
Sat, 06 Sep 2025US$448.8bUS$286.4bUS$25.5b15.4x17.6x1.6x
Mon, 04 Aug 2025US$430.1bUS$286.5bUS$25.8b15.3x16.7x1.5x
Wed, 02 Jul 2025US$429.1bUS$282.4bUS$27.5b17.7x15.6x1.5x
Fri, 30 May 2025US$417.8bUS$282.3bUS$27.5b16.8x15.2x1.5x
Sun, 27 Apr 2025US$409.4bUS$283.2bUS$29.4b13.1x13.9x1.4x
Tue, 25 Mar 2025US$422.0bUS$281.8bUS$28.2b10.5x15x1.5x
Thu, 20 Feb 2025US$402.5bUS$284.5bUS$22.8b17.4x17.7x1.4x
Sat, 18 Jan 2025US$360.9bUS$283.6bUS$13.1b18.5x27.4x1.3x
Mon, 16 Dec 2024US$391.4bUS$284.8bUS$12.9b19.2x30.3x1.4x
Wed, 13 Nov 2024US$375.4bUS$281.4bUS$13.4b19.1x28x1.3x
Fri, 11 Oct 2024US$382.4bUS$281.4bUS$21.2b18.4x18x1.4x
Sun, 08 Sep 2024US$362.7bUS$281.4bUS$21.2b18.8x17.1x1.3x
Tue, 06 Aug 2024US$345.7bUS$281.3bUS$22.4b17.8x15.4x1.2x
Thu, 04 Jul 2024US$337.7bUS$281.1bUS$22.7b23x14.9x1.2x
Sat, 01 Jun 2024US$326.8bUS$281.1bUS$22.7b27.8x14.4x1.2x
Mon, 29 Apr 2024US$315.1bUS$281.7bUS$21.5b26.8x14.7x1.1x
Wed, 27 Mar 2024US$322.8bUS$281.7bUS$22.5b27.6x14.3x1.1x
Fri, 23 Feb 2024US$325.0bUS$283.8bUS$21.0b21.3x15.4x1.1x
Sun, 21 Jan 2024US$319.4bUS$300.0b-US$7,365,679,509.0013.9x-43.4x1.1x
Tue, 19 Dec 2023US$313.4bUS$300.0b-US$7,362,242,563.0012.5x-42.6x1x
Thu, 16 Nov 2023US$298.0bUS$299.9b-US$7,371,023,907.009.1x-40.4x1x
Sat, 14 Oct 2023US$266.0bUS$301.0b-US$2,071,381,651.008.3x-128.4x0.9x
Mon, 11 Sep 2023US$279.6bUS$301.1b-US$2,065,980,456.009.9x-135.3x0.9x
Wed, 09 Aug 2023US$274.9bUS$300.4b-US$2,609,845,590.0012x-105.3x0.9x
Fri, 07 Jul 2023US$307.6bUS$302.2bUS$9.5b11.8x32.2x1x
Sun, 04 Jun 2023US$291.0bUS$302.2bUS$9.5b10.3x30.6x1x
Tue, 02 May 2023US$328.1bUS$303.1bUS$11.5b13.4x28.4x1.1x
Thu, 30 Mar 2023US$337.3bUS$303.3bUS$11.8b13.1x28.7x1.1x
Sat, 25 Feb 2023US$342.7bUS$303.2bUS$12.1b14.1x28.3x1.1x
Price to Earnings Ratio

28.3x


Total Market Cap: US$342.7bTotal Earnings: US$12.1bTotal Revenue: US$303.2bTotal 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 10.3x 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 66% 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-1.58%
Telecom-3.83%
Telecom Services and Carriers1.29%
Integrated Telecom Services2.33%
Alternative Carriers-8.53%
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 61% 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
T AT&TUS$28.684.6%
+US$8.9b		10.0%PE9.2x
VZ Verizon CommunicationsUS$48.933.2%
+US$6.5b		18.8%PE12x
GLIB.A GCI LibertyUS$39.31-2.3%
US$410.4m		n/aPS1.5x
IRDM Iridium CommunicationsUS$23.5315.9%
+US$342.2m		-27.5%PE21.6x
LUMN Lumen TechnologiesUS$8.094.0%
+US$317.9m		64.1%PS0.7x

Latest News

ATEX
US$33.82
Anterix
7D
17.3%
1Y
-18.2%
IHS
US$8.10
IHS Holding
7D
-2.8%
1Y
105.1%
UNIT
US$8.33
Uniti Group
7D
2.5%
1Y
-9.3%
LUMN
US$8.09
Lumen Technologies
7D
4.0%
1Y
64.1%
T
US$28.68
AT&T
7D
4.6%
1Y
10.0%

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.
GSAT
US$59.06
Globalstar
7D
0.5%
1Y
165.0%

GSAT: Future Will Hinge On Apple Backing And Terrestrial Spectrum Optionality

Analysts have lifted their price target on Globalstar to $71 from $66, pointing to what they see as a compelling mix of a de-risked Apple-supported satellite services business and valuable, underutilized terrestrial spectrum assets. Analyst Commentary Recent commentary highlights a split view on Globalstar.
VZ
US$48.93
Verizon Communications
7D
3.2%
1Y
18.8%

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
CMCSA
US$31.55
Comcast
7D
-2.9%
1Y
-13.5%
LBTY.A
US$11.16
Liberty Global
7D
-3.5%
1Y
0.6%

LBTY.A: Irish Mobile Acquisition Will Strengthen Position And Support Bullish Outlook

Analysts have nudged their price target for Liberty Global higher to about $28.41 from roughly $27.81, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Joint owners of Virgin Media O2, which includes Liberty Global, agreed to purchase UK fiber network operator Netomnia, according to the Financial Times (Periodical, FT).
GLIB.A
US$39.31
GCI Liberty
7D
-2.3%
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?
IRDM
US$23.53
Iridium Communications
7D
15.9%
1Y
-27.5%
LILA
US$7.84
Liberty Latin America
7D
-4.0%
1Y
10.7%
ASTS
US$83.03
AST SpaceMobile
7D
-13.8%
1Y
168.7%
IQST
US$1.86
iQSTEL
7D
-13.5%
1Y
-86.9%
IDT
US$48.76
IDT
7D
-0.6%
1Y
-0.1%

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

Analysts have modestly adjusted their price target on IDT, citing a slightly higher discount rate and a small tweak to the assumed future P/E multiple, while keeping their fair value estimate steady at $80.00. What's in the News IDT reported that from August 1, 2025 to October 31, 2025, it repurchased 158,424 shares for US$7.6 million, representing 0.63% of shares outstanding under its existing buyback program (Key Developments).
BAND
US$12.87
Bandwidth
7D
-5.1%
1Y
-31.3%