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U.S. Telecom Services and Carriers Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies58
  • 7D1.3%
  • 3M9.1%
  • 1Y4.6%
  • YTD7.4%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.9%, driven by gains in Verizon Communications and Comcast of 1.7% and 3.2%, respectively. In the same time, AST SpaceMobile was down 9.7%. This takes the industry's 12 month performance to a gain of 7.7%. As for the next few years, earnings are expected to grow by 8.2% 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, 22 Apr 2026US$547.2bUS$406.6bUS$51.3b12.6x10.7x1.3x
Fri, 20 Mar 2026US$564.7bUS$406.4bUS$50.8b13.4x11.1x1.4x
Sun, 15 Feb 2026US$577.0bUS$406.3bUS$55.9b9.7x10.3x1.4x
Tue, 13 Jan 2026US$518.0bUS$410.1bUS$61.1b9.3x8.5x1.3x
Thu, 11 Dec 2025US$403.8bUS$284.0bUS$38.4b9.2x10.5x1.4x
Sat, 08 Nov 2025US$404.3bUS$287.6bUS$38.0b11.5x10.6x1.4x
Mon, 06 Oct 2025US$439.9bUS$286.5bUS$25.5b14.8x17.3x1.5x
Wed, 03 Sep 2025US$449.2bUS$286.4bUS$25.5b15.5x17.6x1.6x
Fri, 01 Aug 2025US$427.7bUS$286.2bUS$28.9b15.5x14.8x1.5x
Sun, 29 Jun 2025US$423.8bUS$282.4bUS$27.5b17.2x15.4x1.5x
Tue, 27 May 2025US$417.7bUS$282.3bUS$27.5b16.8x15.2x1.5x
Thu, 24 Apr 2025US$414.9bUS$283.1bUS$29.4b13x14.1x1.5x
Sat, 22 Mar 2025US$419.2bUS$281.8bUS$28.2b10.6x14.9x1.5x
Mon, 17 Feb 2025US$402.4bUS$284.5bUS$22.8b17.3x17.7x1.4x
Wed, 15 Jan 2025US$358.6bUS$283.6bUS$13.1b18.2x27.3x1.3x
Fri, 13 Dec 2024US$389.8bUS$284.8bUS$12.9b19x30.2x1.4x
Sun, 10 Nov 2024US$374.5bUS$281.4bUS$13.4b19.1x27.9x1.3x
Tue, 08 Oct 2024US$383.3bUS$281.4bUS$21.2b18.3x18.1x1.4x
Thu, 05 Sep 2024US$365.1bUS$281.4bUS$21.2b18.8x17.2x1.3x
Sat, 03 Aug 2024US$347.5bUS$281.2bUS$22.6b21.1x15.4x1.2x
Mon, 01 Jul 2024US$341.5bUS$281.1bUS$22.7b23.2x15.1x1.2x
Wed, 29 May 2024US$322.0bUS$281.1bUS$22.7b27.1x14.2x1.1x
Fri, 26 Apr 2024US$311.6bUS$281.7bUS$21.5b26.8x14.5x1.1x
Sun, 24 Mar 2024US$319.1bUS$281.7bUS$22.5b26.3x14.2x1.1x
Tue, 20 Feb 2024US$323.0bUS$283.8bUS$21.0b21.5x15.4x1.1x
Thu, 18 Jan 2024US$319.0bUS$300.0b-US$7,362,410,382.0015.8x-43.3x1.1x
Sat, 16 Dec 2023US$313.4bUS$300.0b-US$7,362,237,819.0012.4x-42.6x1x
Mon, 13 Nov 2023US$296.7bUS$300.0b-US$7,139,916,405.009x-41.6x1x
Wed, 11 Oct 2023US$275.8bUS$301.1b-US$2,062,115,337.008.7x-133.7x0.9x
Fri, 08 Sep 2023US$283.6bUS$301.1b-US$2,065,995,934.0010x-137.3x0.9x
Sun, 06 Aug 2023US$272.9bUS$300.5b-US$2,508,115,252.0011.7x-108.8x0.9x
Tue, 04 Jul 2023US$310.5bUS$302.2bUS$9.5b12.3x32.5x1x
Thu, 01 Jun 2023US$298.7bUS$302.2bUS$9.5b10.2x31.4x1x
Sat, 29 Apr 2023US$330.0bUS$303.1bUS$11.5b13.3x28.6x1.1x
Price to Earnings Ratio

28.6x


Total Market Cap: US$330.0bTotal 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 0.96x.
  • 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 Market1.31%
Telecom-0.25%
Telecom Services and Carriers1.27%
Integrated Telecom Services1.80%
Alternative Carriers-3.03%
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
VZ Verizon CommunicationsUS$46.271.7%
+US$3.3b		7.1%PE11.3x
CMCSA ComcastUS$29.053.2%
+US$3.3b		-15.1%PE5.2x
T AT&TUS$25.881.0%
+US$1.8b		-4.0%PE8.3x
LUMN Lumen TechnologiesUS$8.7311.9%
+US$952.7m		172.8%PS0.7x
IRDM Iridium CommunicationsUS$42.9318.9%
+US$719.9m		98.7%PE39.7x

Latest News

GLIB.A
US$36.75
GCI Liberty
7D
-0.1%
1Y
n/a
ASTS
US$80.01
AST SpaceMobile
7D
-9.7%
1Y
275.6%
BAND
US$23.74
Bandwidth
7D
32.3%
1Y
101.5%

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$8.73
Lumen Technologies
7D
11.9%
1Y
172.8%
IRDM
US$42.93
Iridium Communications
7D
18.9%
1Y
98.7%

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$46.27
Verizon Communications
7D
1.7%
1Y
7.1%

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$11.72
Uniti Group
7D
7.3%
1Y
52.0%

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$29.05
Comcast
7D
3.2%
1Y
-15.1%

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.
SIFY
US$14.65
Sify Technologies
7D
13.1%
1Y
262.6%
IQST
US$1.52
iQSTEL
7D
-5.0%
1Y
-86.2%

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$25.88
AT&T
7D
1.0%
1Y
-4.0%

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.
LBTY.A
US$12.39
Liberty Global
7D
-0.7%
1Y
17.3%

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

Liberty Global's updated analyst price target ticks higher to about $15.89, with analysts citing refreshed forecasts around revenue growth, profit margins, and expected future P/E levels following recent company results and revised research assumptions. Analyst Commentary Recent research updates frame Liberty Global as a name where analysts are fine tuning expectations rather than making wholesale changes, with modestly higher price targets tied to refreshed models after the latest results.
IOTR
US$2.60
iOThree
7D
-6.5%
1Y
-72.0%