Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Alternative Carriers Industry Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies30
  • 7D4.2%
  • 3M30.2%
  • 1Y101.0%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 4.5%, driven by Globalstar declining 15%. Over the past 12 months, the industry was up 101%. Looking forward, earnings are forecast to grow by 74% annually.

Industry Valuation and Performance

Has the U.S. Alternative Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025US$46.5bUS$12.3b-US$2,935,941,267.5314.2x-15.8x3.8x
Wed, 19 Nov 2025US$38.5bUS$12.3b-US$2,934,496,413.7713.4x-13.1x3.1x
Fri, 17 Oct 2025US$51.6bUS$12.1b-US$4,805,124,721.8317.6x-10.7x4.3x
Sun, 14 Sep 2025US$28.2bUS$12.1b-US$4,806,174,079.2116.7x-5.9x2.3x
Tue, 12 Aug 2025US$30.1bUS$12.1b-US$4,823,719,772.5849.3x-6.2x2.5x
Thu, 10 Jul 2025US$29.7bUS$11.9b-US$1,332,865,285.0349.5x-22.3x2.5x
Sat, 07 Jun 2025US$22.2bUS$11.9b-US$1,351,416,187.7647.9x-16.4x1.9x
Mon, 05 May 2025US$20.3bUS$12.6b-US$1,388,609,242.3381x-14.6x1.6x
Wed, 02 Apr 2025US$23.4bUS$12.5bUS$564.9m26.4x41.4x1.9x
Fri, 28 Feb 2025US$25.0bUS$12.2bUS$666.8m31x37.4x2x
Sun, 26 Jan 2025US$21.9bUS$15.4b-US$4,987,495,773.6291.2x-4.4x1.4x
Tue, 24 Dec 2024US$24.5bUS$15.4b-US$4,980,853,172.7773.2x-4.9x1.6x
Thu, 21 Nov 2024US$25.2bUS$15.4b-US$4,980,831,247.3576.7x-5.1x1.6x
Sat, 19 Oct 2024US$30.5bUS$15.3b-US$2,236,878,712.7687.9x-13.6x2x
Mon, 16 Sep 2024US$27.8bUS$15.3b-US$2,262,969,960.2775.4x-12.3x1.8x
Wed, 14 Aug 2024US$24.2bUS$15.3b-US$2,225,192,357.3874.5x-10.9x1.6x
Fri, 12 Jul 2024US$21.6bUS$15.2b-US$1,804,730,456.84115.7x-12x1.4x
Sun, 09 Jun 2024US$20.3bUS$15.2b-US$1,779,777,726.85109.4x-11.4x1.3x
Tue, 07 May 2024US$19.5bUS$15.7b-US$1,793,923,341.2970.6x-10.9x1.2x
Thu, 04 Apr 2024US$18.8bUS$15.6b-US$3,034,493,990.9179.9x-6.2x1.2x
Sat, 02 Mar 2024US$20.9bUS$15.7b-US$3,012,479,623.73236x-7x1.3x
Mon, 29 Jan 2024US$25.6bUS$32.0b-US$15,453,228,277.0013.3x-1.7x0.8x
Wed, 27 Dec 2023US$26.5bUS$32.0b-US$15,448,936,120.0013.3x-1.7x0.8x
Fri, 24 Nov 2023US$23.2bUS$32.0b-US$15,448,998,082.009.9x-1.5x0.7x
Sun, 22 Oct 2023US$23.5bUS$32.8b-US$13,168,090,050.007.8x-1.8x0.7x
Tue, 19 Sep 2023US$27.6bUS$32.8b-US$13,163,137,798.009.7x-2.1x0.8x
Thu, 17 Aug 2023US$27.3bUS$32.8b-US$13,163,205,739.0010.3x-2.1x0.8x
Sat, 15 Jul 2023US$26.0bUS$33.1b-US$3,283,741,510.0037x-7.9x0.8x
Mon, 12 Jun 2023US$25.8bUS$33.1b-US$3,311,109,256.0021.4x-7.8x0.8x
Wed, 10 May 2023US$26.6bUS$33.0b-US$1,584,133,302.0014.2x-16.8x0.8x
Fri, 07 Apr 2023US$27.1bUS$34.0b-US$1,335,367,380.0018.6x-20.3x0.8x
Sun, 05 Mar 2023US$29.4bUS$34.0b-US$1,340,435,281.0020.8x-21.9x0.9x
Tue, 31 Jan 2023US$31.8bUS$35.2bUS$6.6b29.6x4.8x0.9x
Thu, 29 Dec 2022US$28.1bUS$35.1bUS$6.6b17.8x4.3x0.8x
Price to Earnings Ratio

4.3x


Total Market Cap: US$28.1bTotal Earnings: US$6.6bTotal Revenue: US$35.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -5.5x202320242025
Current Industry PE
  • Investors are optimistic on the American Alternative Carriers industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • Total earnings for the Alternative Carriers industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 29% per year, which is driving profits down.

Industry Comparison

How does U.S. Alternative Carriers compare with similar industries?

US Market0.26%
Telecom0.36%
Telecom Services and Carriers-0.84%
Alternative Carriers4.18%
Integrated Telecom Services-1.46%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ASTS AST SpaceMobileUS$75.8411.8%
+US$2.3b		226.2%PS1149.4x
LUMN Lumen TechnologiesUS$8.191.6%
+US$133.3m		40.2%PS0.7x
ATEX AnterixUS$22.102.4%
+US$9.5m		-29.0%PE4.3x
SIFY Sify TechnologiesUS$11.360.5%
+US$4.3m		282.5%PS1.8x
IOTR iOThreeUS$2.7610.4%
+US$666.9k		n/aPS0.6x

Latest News

LILA
US$7.98
Liberty Latin America
7D
-5.1%
1Y
29.5%
GSAT
US$62.25
Globalstar
7D
-9.8%
1Y
115.0%

GSAT: Future Sale Interest From SpaceX Will Drive Bullish Repricing

Analysts have raised their price target for Globalstar from $60 to $75 per share, citing stronger long term revenue growth expectations and the upside from its de risked satellite operations and underutilized terrestrial spectrum in a rapidly expanding satellite internet of things market. Analyst Commentary Bullish analysts highlight that Globalstar is evolving into a differentiated hybrid communications play, pairing a de risked satellite services platform with a strategically significant terrestrial spectrum portfolio.
ASTS
US$75.84
AST SpaceMobile
7D
11.8%
1Y
226.2%
CCOI
US$21.78
Cogent Communications Holdings
7D
-4.6%
1Y
-71.0%
LBTY.A
US$11.18
Liberty Global
7D
-0.3%
1Y
-9.2%

LBTY.A: Future Cash Returns And Buybacks Will Support Upside Post Leadership Shift

Analysts have raised their price target on Liberty Global by $2 to $13, citing updated assumptions for fair value, discount rate, and long term growth and profitability expectations. Analyst Commentary Recent target revisions suggest that bullish analysts see the updated $13 price target as better reflecting Liberty Global's underlying asset base and cash flow potential, particularly as assumptions around long term growth and discount rates are recalibrated.
IQST
US$3.07
iQSTEL
7D
-18.6%
1Y
-82.1%

Is iQSTEL (NASDAQ:IQST) Using Too Much Debt?

Dec 17
Is iQSTEL (NASDAQ:IQST) Using Too Much Debt?
TSAT
US$28.38
Telesat
7D
-5.0%
1Y
73.7%

Telesat Continues Making Progress, But It Will Take Time

Dec 15
IOTR
US$2.76
iOThree
7D
10.4%
1Y
n/a
LUMN
US$8.19
Lumen Technologies
7D
1.6%
1Y
40.2%

LUMN: Rising Debt Costs Will Likely Undermine Recent Free Cash Flow Gains

Analysts have raised their price target on Lumen Technologies to about $2.24 from $2.00 per share, citing stronger than expected Q3 execution, reaffirmed 2025 guidance, and balance sheet tailwinds from debt refinancing and a more favorable interest rate backdrop. Analyst Commentary While recent results and balance sheet actions have prompted upward revisions to price targets, not all market participants view Lumen's trajectory as uniformly positive.
IRDM
US$17.04
Iridium Communications
7D
-3.2%
1Y
-41.7%

IRDM: Expanding Spectrum Deals And Partnerships Will Drive Long Term Upside Potential

Analysts have trimmed their price target on Iridium Communications to $21 from $26, citing heightened competitive pressure and reduced long term revenue growth expectations amid rival spectrum deals. Analyst Commentary Bullish Takeaways Bullish analysts note that Iridium still retains a differentiated satellite network and entrenched government and enterprise relationships, which they see as supporting a valuation floor despite reduced growth expectations.
ELWT
US$5.21
Elauwit Connection
7D
-11.7%
1Y
n/a
BAND
US$14.88
Bandwidth
7D
0.1%
1Y
-17.1%

BAND: Expanding AI Communications Ecosystem Will Drive Future Revenue Upside

Analysts have modestly raised their price target on Bandwidth to approximately $23.67 per share. This reflects a slightly higher discount rate and future earnings multiple that together support a marginally stronger long term valuation outlook.
ATEX
US$22.10
Anterix
7D
2.4%
1Y
-29.0%
SIFY
US$11.36
Sify Technologies
7D
0.5%
1Y
282.5%

SIFY: Future Profits Will Be Driven by Expanding Margins

Analysts have revised Sify Technologies’ price target modestly upward, increasing it from $22 to $22.00. This change is based on updates to key valuation metrics and adjustments in financial forecasts.