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U.S. Telecom Services and Carriers Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies56
  • 7D4.6%
  • 3M-0.6%
  • 1Y-3.5%
  • YTD-6.4%

The Telecom Services and Carriers industry is up 4.6% in the last week, with Space Exploration Technologies up 5.4%. However, the industry is down 3.5% over the past year. Looking forward, earnings are forecast to grow by 46% 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, 18 Aug 2026US$2.4tUS$430.4bUS$35.9b20.2x66.2x5.5x
Thu, 16 Jul 2026US$2.3tUS$426.5bUS$41.4b19.1x54.7x5.3x
Sat, 13 Jun 2026US$2.6tUS$429.5bUS$42.0b15.1x62.5x6.1x
Mon, 11 May 2026US$525.7bUS$410.2bUS$51.5b13.3x10.2x1.3x
Wed, 08 Apr 2026US$567.3bUS$406.4bUS$51.3b13.1x11.1x1.4x
Fri, 06 Mar 2026US$601.1bUS$406.5bUS$50.8b10.4x11.8x1.5x
Sun, 01 Feb 2026US$546.4bUS$406.3bUS$55.9b10.9x9.8x1.3x
Tue, 30 Dec 2025US$405.4bUS$284.0bUS$38.4b9.5x10.6x1.4x
Thu, 27 Nov 2025US$407.2bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sat, 25 Oct 2025US$400.6bUS$287.0bUS$35.0b11.5x11.4x1.4x
Mon, 22 Sep 2025US$444.0bUS$286.5bUS$25.5b15.3x17.4x1.5x
Wed, 20 Aug 2025US$446.1bUS$286.4bUS$25.5b15.2x17.5x1.6x
Fri, 18 Jul 2025US$420.2bUS$282.4bUS$27.5b15.7x15.3x1.5x
Sun, 15 Jun 2025US$427.7bUS$282.4bUS$27.5b17.3x15.5x1.5x
Tue, 13 May 2025US$422.4bUS$282.2bUS$27.4b16.5x15.4x1.5x
Thu, 10 Apr 2025US$407.9bUS$281.9bUS$28.1b14x14.5x1.4x
Sat, 08 Mar 2025US$422.1bUS$281.4bUS$28.2b11.1x15x1.5x
Mon, 03 Feb 2025US$377.2bUS$284.5bUS$22.8b16.1x16.6x1.3x
Wed, 01 Jan 2025US$373.1bUS$283.6bUS$13.1b18.8x28.4x1.3x
Fri, 29 Nov 2024US$398.9bUS$281.4bUS$13.3b20.2x30.1x1.4x
Sun, 27 Oct 2024US$371.9bUS$281.2bUS$16.1b18.2x23.1x1.3x
Tue, 24 Sep 2024US$381.0bUS$281.4bUS$21.2b18.7x18x1.4x
Thu, 22 Aug 2024US$351.2bUS$281.4bUS$21.2b18.7x16.6x1.2x
Sat, 20 Jul 2024US$347.4bUS$281.1bUS$22.7b23.7x15.3x1.2x
Mon, 17 Jun 2024US$322.8bUS$281.1bUS$22.7b25.8x14.2x1.1x
Wed, 15 May 2024US$323.2bUS$281.0bUS$22.7b27.2x14.2x1.2x
Fri, 12 Apr 2024US$318.1bUS$281.7bUS$22.5b26.8x14.1x1.1x
Sun, 10 Mar 2024US$319.0bUS$283.8bUS$20.8b26.4x15.3x1.1x
Tue, 06 Feb 2024US$335.5bUS$300.3bUS$8.5b15x39.4x1.1x
Thu, 04 Jan 2024US$327.2bUS$300.0b-US$7,362,416,813.0012.9x-44.4x1.1x
Sat, 02 Dec 2023US$315.4bUS$300.0b-US$7,362,654,300.0010.2x-42.8x1.1x
Mon, 30 Oct 2023US$279.1bUS$300.5b-US$4,695,087,490.007x-59.4x0.9x
Wed, 27 Sep 2023US$280.9bUS$301.1b-US$2,062,143,531.008.3x-136.2x0.9x
Fri, 25 Aug 2023US$278.5bUS$301.1b-US$2,059,832,730.0010x-135.2x0.9x
Price to Earnings Ratio

-135.2x


Total Market Cap: US$278.5bTotal Earnings: -US$2,059,832,730.00Total Revenue: US$301.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 4.9x202420252026
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 66.2x which is higher than its 3-year average PE of 4.9x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
  • Total earnings for the Telecom industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?

US Market0.11%
Telecom-1.41%
Telecom Services and Carriers4.64%
Alternative Carriers5.26%
Integrated Telecom Services2.18%
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 14.7x.
    • Analysts are expecting annual earnings growth of 4.0%, which is higher than its past year's earnings decline of 14.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 4.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SPCX Space Exploration TechnologiesUS$146.235.4%
+US$98.7b		n/aPS83.6x
T AT&TUS$24.682.6%
+US$4.3b		-14.7%PE7.9x
VZ Verizon CommunicationsUS$48.062.2%
+US$4.3b		8.3%PE12.3x
CMCSA ComcastUS$25.571.5%
+US$1.3b		-23.5%PE8.1x
ASTS AST SpaceMobileUS$71.143.5%
+US$713.5m		47.7%PS185x

Latest News

GSAT
US$83.03
Globalstar
7D
-0.9%
1Y
215.1%
TSAT
US$50.55
Telesat
7D
-10.9%
1Y
131.1%
Seeking Alpha • Aug 17

Telesat: Lightspeed's Strategic Value Is The Bull Case

Summary TSAT remains a two-part story. First, it has a declining GEO business. But it also has an ongoing Lightspeed buildout. Lightspeed is moving into production, with the planned constellation now expanded to 225 satellites. TSAT targets to have global commercial service ready by the end of Q1 2028. Plus, TSAT signed a C$2.7 billion Canadian defense agreement. This agreement suggests that their LEO backlog is probably closer to C$5.6 billion. And I believe that underlies Lightspeed's long-term strategic value. TSAT's timeline is now more concrete than when I first covered them. So, I feel the shares are a viable speculative "Buy" at these levels. Read the full article on Seeking Alpha
ASTS
US$71.14
AST SpaceMobile
7D
3.5%
1Y
47.7%
SPCX
US$146.23
Space Exploration Technologies
7D
5.4%
1Y
n/a
IQST
US$1.12
iQSTEL
7D
-4.3%
1Y
-84.1%
CMCSA
US$25.57
Comcast
7D
1.5%
1Y
-23.5%
ATEX
US$91.57
Anterix
7D
-1.3%
1Y
311.9%
Narrative Update • Aug 14

ATEX: Slower 900 MHz Monetization And Satellite Trials Will Shape Future Upside

Analysts have raised the Anterix fair value estimate from $69.00 to $86.00. This change reflects updated views on spectrum monetization potential, evolving utility demand, and emerging satellite opportunities highlighted in recent research.
VZ
US$48.06
Verizon Communications
7D
2.2%
1Y
8.3%
IRDM
US$50.05
Iridium Communications
7D
1.5%
1Y
103.0%
Narrative Update • Aug 12

IRDM: Rocket Lab Deal And Spectrum Assets Will Shape Event Driven Risk Balance

The analyst fair value estimate for Iridium Communications has shifted from $60 to $54 as analysts incorporate the agreed $54 per share Rocket Lab acquisition price, slightly higher projected revenue growth, a lower profit margin outlook, a modestly higher discount rate, and P/E assumptions that are closer to recent Street targets. Analyst Commentary Recent research on Iridium Communications centers on the agreed Rocket Lab acquisition at US$54 per share and how that price now anchors many valuation frameworks.
LUMN
US$6.58
Lumen Technologies
7D
-0.9%
1Y
40.3%
ATNI
US$31.57
ATN International
7D
-1.7%
1Y
98.4%
LBTY.A
US$10.37
Liberty Global
7D
2.2%
1Y
-10.6%
T
US$24.68
AT&T
7D
2.6%
1Y
-14.7%
SHEN
US$12.62
Shenandoah Telecommunications
7D
-5.2%
1Y
1.0%
Analysis Article • Aug 01

Shenandoah Telecommunications Company (NASDAQ:SHEN) Released Earnings Last Week And Analysts Lifted Their Price Target To US$27.50

It's been a good week for Shenandoah Telecommunications Company ( NASDAQ:SHEN ) shareholders, because the company has...
UNIT
US$9.85
Uniti Group
7D
4.9%
1Y
57.6%
SIFY
US$15.50
Sify Technologies
7D
-0.9%
1Y
79.4%