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U.S. Telecom Services and Carriers Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies53
  • 7D-2.5%
  • 3M12.3%
  • 1Y3.8%
  • YTD12.1%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably Uniti Group gained 27%. As for the the longer term, the industry is up 4.2% over the past 12 months. Earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026US$575.7bUS$406.4bUS$51.3b13.6x11.2x1.4x
Sat, 28 Feb 2026US$567.2bUS$406.4bUS$50.8b10.6x11.2x1.4x
Mon, 26 Jan 2026US$507.9bUS$404.0bUS$61.5b9.7x8.3x1.3x
Wed, 24 Dec 2025US$405.7bUS$284.0bUS$38.4b9.3x10.6x1.4x
Fri, 21 Nov 2025US$405.8bUS$284.0bUS$38.4b9x10.6x1.4x
Sun, 19 Oct 2025US$427.3bUS$286.5bUS$25.5b13.9x16.8x1.5x
Tue, 16 Sep 2025US$447.0bUS$286.5bUS$25.5b15.2x17.5x1.6x
Thu, 14 Aug 2025US$438.4bUS$286.4bUS$25.5b14.9x17.2x1.5x
Sat, 12 Jul 2025US$428.9bUS$282.4bUS$27.5b16.7x15.6x1.5x
Mon, 09 Jun 2025US$427.6bUS$282.3bUS$27.5b17.2x15.5x1.5x
Wed, 07 May 2025US$422.2bUS$283.3bUS$27.3b16.7x15.5x1.5x
Fri, 04 Apr 2025US$431.5bUS$281.9bUS$28.1b13.7x15.4x1.5x
Sun, 02 Mar 2025US$420.2bUS$281.3bUS$28.2b10.4x14.9x1.5x
Tue, 28 Jan 2025US$371.8bUS$284.5bUS$22.7b16.1x16.3x1.3x
Thu, 26 Dec 2024US$377.3bUS$284.8bUS$12.9b18.8x29.2x1.3x
Sat, 23 Nov 2024US$384.1bUS$281.4bUS$13.3b19.4x29x1.4x
Mon, 21 Oct 2024US$384.6bUS$281.4bUS$21.2b18.4x18.1x1.4x
Wed, 18 Sep 2024US$389.7bUS$281.4bUS$21.2b18.8x18.4x1.4x
Fri, 16 Aug 2024US$347.8bUS$281.3bUS$21.2b18.8x16.4x1.2x
Sun, 14 Jul 2024US$342.2bUS$281.1bUS$22.7b23.3x15.1x1.2x
Tue, 11 Jun 2024US$327.9bUS$281.1bUS$22.7b26x14.4x1.2x
Thu, 09 May 2024US$317.0bUS$280.9bUS$22.8b26.8x13.9x1.1x
Sat, 06 Apr 2024US$332.2bUS$281.7bUS$22.5b27.6x14.7x1.2x
Mon, 04 Mar 2024US$321.5bUS$283.9bUS$20.8b25.5x15.4x1.1x
Wed, 31 Jan 2024US$339.4bUS$300.5bUS$8.4b14.2x40.6x1.1x
Fri, 29 Dec 2023US$315.8bUS$300.0b-US$7,362,408,842.0014.5x-42.9x1.1x
Sun, 26 Nov 2023US$309.1bUS$300.0b-US$7,362,663,746.0010.1x-42x1x
Tue, 24 Oct 2023US$272.4bUS$301.4b-US$4,556,306,599.007x-59.8x0.9x
Thu, 21 Sep 2023US$289.4bUS$301.1b-US$2,062,128,600.008.3x-140.4x1x
Sat, 19 Aug 2023US$277.3bUS$301.0b-US$2,059,802,266.0010.5x-134.6x0.9x
Mon, 17 Jul 2023US$283.7bUS$302.2bUS$9.5b12.2x29.7x0.9x
Wed, 14 Jun 2023US$300.2bUS$302.2bUS$9.5b12x31.5x1x
Fri, 12 May 2023US$317.5bUS$302.1bUS$9.5b11.2x33.3x1.1x
Sun, 09 Apr 2023US$346.0bUS$303.3bUS$11.8b13.2x29.4x1.1x
Price to Earnings Ratio

29.4x


Total Market Cap: US$346.0bTotal Earnings: US$11.8bTotal Revenue: US$303.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.3x202420252026
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 11.1x which is higher than its 3-year average PE of 1.3x.
  • 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 63% 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-0.32%
Telecom0.41%
Telecom Services and Carriers-2.55%
Integrated Telecom Services-1.92%
Alternative Carriers-8.42%
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 16.5x.
    • Analysts are expecting annual earnings decline of 1.3%, which is lower than the prior year's growth of 13.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 92% 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
UNIT Uniti GroupUS$10.0127.2%
+US$511.6m		15.2%PE1.9x
GSAT GlobalstarUS$68.531.7%
+US$147.8m		229.3%PS32.3x
LUMN Lumen TechnologiesUS$7.071.4%
+US$102.4m		75.9%PS0.6x
IDT IDTUS$49.273.7%
+US$43.9m		-5.8%PE15.1x
SHEN Shenandoah TelecommunicationsUS$15.253.2%
+US$26.5m		16.4%PS2.4x

Latest News

T
US$28.31
AT&T
7D
-1.7%
1Y
0.6%
GSAT
US$68.53
Globalstar
7D
1.7%
1Y
229.3%

GSAT: De Risked Satellite Services Will Unlock Underused Terrestrial Spectrum Value

Analysts lifted their price target on Globalstar to $71 from $66, citing a combination of a "de-risked" Apple-supported satellite services business and what they view as valuable, underused terrestrial spectrum and government services potential as the key drivers of their updated view. Analyst Commentary Recent commentary around Globalstar highlights a mix of enthusiasm for the current business mix and questions about how fully the opportunity is reflected in the new US$71 price target.
LUMN
US$7.07
Lumen Technologies
7D
1.4%
1Y
75.9%

LUMN: Balance Sheet Repair And AI Network Initiatives Will Reshape Turnaround Prospects

Analysts have nudged their price targets on Lumen Technologies higher by about $0.45 on average, citing updated assumptions around fair value, discount rates, revenue trends, profit margins, and a slightly higher future P/E multiple as reflected in recent UBS, Citi, Goldman Sachs, and BofA research. Analyst Commentary Recent Street research on Lumen Technologies reflects a mix of optimism around balance sheet repair and valuation, alongside caution on revenue execution and the pace of any turnaround.
VZ
US$49.39
Verizon Communications
7D
-1.9%
1Y
10.4%
UNIT
US$10.01
Uniti Group
7D
27.2%
1Y
15.2%
LBTY.A
US$12.14
Liberty Global
7D
-1.1%
1Y
5.5%

LBTY.A: Fiber Deals And Buybacks Will Support Future Upside Potential

Analysts recently raised their price target on Liberty Global to $14 from $13, reflecting updated forecasts and valuation work following the latest company results, along with modest adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the move to a US$14 price target as aligned with updated valuation work that reflects the latest company results, suggesting that current pricing screens as broadly in line with their fair value range.
IDT
US$49.27
IDT
7D
3.7%
1Y
-5.8%

IDT: Share Repurchases And Dividend Policy Will Support Future Upside

Analysts have revised their price target on IDT to reflect updated views on revenue growth, profit margins, and the future P/E multiple. This has led to an adjusted fair value estimate of approximately $80.00 per share.
IRDM
US$28.52
Iridium Communications
7D
-3.9%
1Y
5.5%
CMCSA
US$28.05
Comcast
7D
-2.4%
1Y
-23.4%
IHS
US$8.25
IHS Holding
7D
0.1%
1Y
56.0%
TSAT
US$34.69
Telesat
7D
-14.1%
1Y
92.2%
ASTS
US$83.99
AST SpaceMobile
7D
-12.6%
1Y
274.8%
BAND
US$17.93
Bandwidth
7D
4.9%
1Y
31.9%
SHEN
US$15.25
Shenandoah Telecommunications
7D
3.2%
1Y
16.4%
IOTR
US$2.13
iOThree
7D
13.3%
1Y
n/a
SIFY
US$13.57
Sify Technologies
7D
-3.5%
1Y
191.8%