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U.S. Telecom Services and Carriers Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies57
  • 7D1.9%
  • 3M10.2%
  • 1Y7.7%
  • YTD8.5%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.2%, driven by gains from Comcast of 6.0%. In the same time, AST SpaceMobile was down 18%. This means that the industry has gained 7.2% over the past year. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026US$551.0bUS$406.6bUS$51.3b12.6x10.7x1.4x
Thu, 19 Mar 2026US$579.4bUS$406.4bUS$50.8b11.3x11.4x1.4x
Sat, 14 Feb 2026US$580.4bUS$406.3bUS$55.9b9.7x10.4x1.4x
Mon, 12 Jan 2026US$514.7bUS$410.1bUS$61.1b9.3x8.4x1.3x
Wed, 10 Dec 2025US$403.8bUS$284.0bUS$38.4b8.6x10.5x1.4x
Fri, 07 Nov 2025US$405.1bUS$287.6bUS$38.0b11.5x10.7x1.4x
Sun, 05 Oct 2025US$439.9bUS$286.5bUS$25.5b14.8x17.3x1.5x
Tue, 02 Sep 2025US$449.4bUS$286.4bUS$25.5b15.9x17.6x1.6x
Thu, 31 Jul 2025US$427.1bUS$286.2bUS$28.9b15.3x14.8x1.5x
Sat, 28 Jun 2025US$428.0bUS$282.4bUS$27.5b17.2x15.5x1.5x
Mon, 26 May 2025US$417.7bUS$282.3bUS$27.5b16.8x15.2x1.5x
Wed, 23 Apr 2025US$408.5bUS$282.6bUS$28.4b12.8x14.4x1.4x
Fri, 21 Mar 2025US$420.7bUS$281.8bUS$28.2b10.5x14.9x1.5x
Sun, 16 Feb 2025US$402.4bUS$284.5bUS$22.8b17.3x17.7x1.4x
Tue, 14 Jan 2025US$356.6bUS$283.6bUS$13.2b18.2x27.1x1.3x
Thu, 12 Dec 2024US$391.6bUS$284.8bUS$12.9b19.3x30.3x1.4x
Sat, 09 Nov 2024US$372.5bUS$281.4bUS$13.4b19.1x27.7x1.3x
Mon, 07 Oct 2024US$383.4bUS$281.4bUS$21.2b18.3x18.1x1.4x
Wed, 04 Sep 2024US$356.3bUS$281.4bUS$21.2b18.8x16.8x1.3x
Fri, 02 Aug 2024US$345.3bUS$281.2bUS$22.6b21.1x15.3x1.2x
Sun, 30 Jun 2024US$341.5bUS$281.1bUS$22.7b23.2x15.1x1.2x
Tue, 28 May 2024US$322.0bUS$281.1bUS$22.7b28.4x14.2x1.1x
Thu, 25 Apr 2024US$313.0bUS$281.7bUS$21.5b26.8x14.6x1.1x
Sat, 23 Mar 2024US$319.1bUS$281.7bUS$22.5b26.3x14.2x1.1x
Mon, 19 Feb 2024US$323.0bUS$283.8bUS$21.0b21.5x15.4x1.1x
Wed, 17 Jan 2024US$318.9bUS$300.0b-US$7,362,405,761.0015.8x-43.3x1.1x
Fri, 15 Dec 2023US$311.9bUS$300.0b-US$7,362,253,113.0012.4x-42.4x1x
Sun, 12 Nov 2023US$296.6bUS$300.0b-US$7,139,916,405.009x-41.5x1x
Tue, 10 Oct 2023US$272.7bUS$301.1b-US$2,062,136,236.008.6x-132.2x0.9x
Thu, 07 Sep 2023US$286.3bUS$301.0b-US$2,066,008,857.0010.4x-138.6x1x
Sat, 05 Aug 2023US$272.9bUS$300.5b-US$2,508,115,252.0011.7x-108.8x0.9x
Mon, 03 Jul 2023US$308.9bUS$302.2bUS$9.5b12.1x32.4x1x
Wed, 31 May 2023US$294.9bUS$302.2bUS$9.5b10.3x31x1x
Fri, 28 Apr 2023US$329.0bUS$303.1bUS$11.5b13.1x28.5x1.1x
Price to Earnings Ratio

28.5x


Total Market Cap: US$329.0bTotal Earnings: US$11.5bTotal Revenue: US$303.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 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 10.7x which is higher than its 3-year average PE of 0.98x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 64% 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 Market3.58%
Telecom4.16%
Telecom Services and Carriers1.85%
Integrated Telecom Services3.05%
Alternative Carriers-7.16%
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 16.2x.
    • Analysts are expecting annual earnings decline of 1.2%, 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 88% 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
CMCSA ComcastUS$29.736.0%
+US$6.0b		-11.5%PE5.3x
VZ Verizon CommunicationsUS$46.442.2%
+US$4.3b		8.2%PE11.3x
T AT&TUS$26.182.2%
+US$4.0b		-0.6%PE8.4x
GSAT GlobalstarUS$80.3610.2%
+US$960.6m		322.3%PS37.9x
LUMN Lumen TechnologiesUS$8.6711.3%
+US$901.4m		182.4%PS0.7x

Latest News

ASTS
US$81.00
AST SpaceMobile
7D
-18.2%
1Y
290.1%
BAND
US$24.13
Bandwidth
7D
42.6%
1Y
110.7%

BAND: AI Partnerships And Buybacks Will Support Measured Long Term Upside Potential

Analysts have lifted their Bandwidth price target from approximately $23.67 to $24.50, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E, which they view as better aligned with the current setup. What's in the News Bandwidth is partnering with Salesforce to provide infrastructure for Salesforce's new CRM native, AI driven Agentforce Contact Center platform.
LUMN
US$8.67
Lumen Technologies
7D
11.3%
1Y
182.4%
IRDM
US$41.74
Iridium Communications
7D
18.5%
1Y
79.9%

IRDM: Spectrum Hype Will Confront Flat 2026 Service Revenue Outlook

The analyst price target for Iridium Communications has shifted from $29.00 to $30.38, with analysts pointing to stronger perceived value in the company’s spectrum assets, increased spectrum optionality, and updated views on future P/E expectations as key drivers of the change. Analyst Commentary Recent research on Iridium Communications highlights a mix of optimism around spectrum value and future optionality, balanced by questions about execution and the pace at which that value could be realized.
VZ
US$46.44
Verizon Communications
7D
2.2%
1Y
8.2%

Verizon Communications Inc. (VZ): The "Connectivity Giant" and the FY2026 Fiber Transformation

Verizon Communications Inc. (VZ) , the bedrock of American wireless infrastructure, signaled a powerful "Better" and structural pivot on Thursday, April 16, 2026 , as it emerged as a key beneficiary of a sector-wide re-rating.
UNIT
US$11.93
Uniti Group
7D
9.7%
1Y
57.4%

UNIT: Elevated Margin Assumptions Will Drive Cautious View On 2026 Earnings

Analysts have raised the consolidated price target for Uniti Group to align with recent Street moves. This reflects updated models after the Q4 report and cites an adjusted fair value of $8.50, along with revised assumptions on the discount rate, revenue growth, profit margin, and future P/E.
CMCSA
US$29.73
Comcast
7D
6.0%
1Y
-11.5%

CMCSA: Fiber Competition And Sports Rights Reset Will Reframe Earnings Power

Comcast's analyst price target edges lower by about $0.33 as analysts factor in softer revenue growth expectations and rising competitive pressures from fiber and new wireless offerings, while still recognizing relatively steady margins and price-to-earnings assumptions. Analyst Commentary Recent Street research on Comcast points to a more cautious stance overall, with several firms trimming price targets and at least one downgrade in rating as competition and fiber build outs weigh on sentiment.
GSAT
US$80.36
Globalstar
7D
10.2%
1Y
322.3%
IQST
US$1.60
iQSTEL
7D
-8.6%
1Y
-85.0%

Digital Health And Cybersecurity Expansion Will Reshape This Telecom And Fintech Platform

Catalysts About iQSTEL iQSTEL operates a global telecom and fintech platform that connects more than 600 operators and reaches an estimated 2.3 billion end users across 21 countries. What are the underlying business or industry changes driving this perspective?
T
US$26.18
AT&T
7D
2.2%
1Y
-0.6%

T: Expanded Buybacks Will Support Confidence In Long Term Connectivity Investments

Analysts now estimate AT&T's fair value at roughly $36.00 per share, a slight adjustment from about $36.00 previously. This reflects updated views on the discount rate, modest revenue growth expectations, profit margins, and future P/E assumptions.
IOTR
US$2.71
iOThree
7D
-4.2%
1Y
-69.5%