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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies56
  • 7D2.6%
  • 3M17.0%
  • 1Y7.3%
  • YTD16.7%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.6%, driven by gains in AT&T and Verizon Communications of 2.2% and 2.0%, respectively. During this same period, the Globalstar underperformed, falling 9.4%. This means that the industry has gained 7.3% over the past year. Earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026US$594.3bUS$406.5bUS$50.8b10.4x11.7x1.5x
Mon, 02 Feb 2026US$546.4bUS$406.3bUS$55.9b10.9x9.8x1.3x
Wed, 31 Dec 2025US$407.5bUS$286.7bUS$38.5b9.7x10.6x1.4x
Fri, 28 Nov 2025US$408.0bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sun, 26 Oct 2025US$407.2bUS$287.0bUS$35.0b11.5x11.6x1.4x
Tue, 23 Sep 2025US$444.0bUS$286.5bUS$25.5b15.6x17.4x1.5x
Thu, 21 Aug 2025US$447.2bUS$286.4bUS$25.5b14.9x17.5x1.6x
Sat, 19 Jul 2025US$421.3bUS$282.4bUS$27.5b15.6x15.3x1.5x
Mon, 16 Jun 2025US$427.7bUS$282.4bUS$27.5b17.3x15.5x1.5x
Wed, 14 May 2025US$414.6bUS$282.3bUS$27.4b16.2x15.1x1.5x
Fri, 11 Apr 2025US$414.0bUS$282.0bUS$28.1b13.9x14.7x1.5x
Sun, 09 Mar 2025US$433.3bUS$281.4bUS$28.2b11.1x15.4x1.5x
Tue, 04 Feb 2025US$377.2bUS$284.5bUS$22.8b16.2x16.6x1.3x
Thu, 02 Jan 2025US$375.6bUS$283.7bUS$13.1b18.8x28.6x1.3x
Sat, 30 Nov 2024US$398.4bUS$281.4bUS$13.3b20.2x30.1x1.4x
Mon, 28 Oct 2024US$371.9bUS$281.2bUS$16.1b18.2x23.1x1.3x
Wed, 25 Sep 2024US$380.4bUS$281.4bUS$21.2b18.8x18x1.4x
Fri, 23 Aug 2024US$352.9bUS$281.4bUS$21.2b18.7x16.7x1.3x
Sun, 21 Jul 2024US$345.1bUS$281.1bUS$22.7b23.7x15.2x1.2x
Tue, 18 Jun 2024US$322.8bUS$281.1bUS$22.7b25.7x14.2x1.1x
Thu, 16 May 2024US$323.6bUS$281.0bUS$22.7b27.3x14.3x1.2x
Sat, 13 Apr 2024US$314.9bUS$281.7bUS$22.5b26.8x14x1.1x
Mon, 11 Mar 2024US$319.0bUS$283.8bUS$20.8b26.4x15.3x1.1x
Wed, 07 Feb 2024US$333.9bUS$300.3bUS$8.5b14.9x39.3x1.1x
Fri, 05 Jan 2024US$328.8bUS$300.0b-US$7,362,414,460.0021.3x-44.7x1.1x
Sun, 03 Dec 2023US$318.8bUS$300.0b-US$7,362,654,300.0010.2x-43.3x1.1x
Tue, 31 Oct 2023US$288.3bUS$300.5b-US$4,695,081,687.007x-61.4x1x
Thu, 28 Sep 2023US$277.8bUS$301.1b-US$2,062,137,286.008.3x-134.7x0.9x
Sat, 26 Aug 2023US$278.0bUS$301.1b-US$2,059,825,723.0010.3x-135x0.9x
Mon, 24 Jul 2023US$286.1bUS$302.2bUS$9.5b12.1x30x0.9x
Wed, 21 Jun 2023US$300.9bUS$302.2bUS$9.5b11.5x31.5x1x
Fri, 19 May 2023US$307.8bUS$302.1bUS$9.5b11.3x32.3x1x
Sun, 16 Apr 2023US$346.7bUS$303.3bUS$11.8b13.1x29.4x1.1x
Tue, 14 Mar 2023US$323.6bUS$303.1bUS$11.9b13.6x27.1x1.1x
Price to Earnings Ratio

27.1x


Total Market Cap: US$323.6bTotal Earnings: US$11.9bTotal Revenue: US$303.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.7x202420252026
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 11.7x which is higher than its 3-year average PE of 1.7x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 62% 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-2.31%
Telecom-1.96%
Telecom Services and Carriers2.63%
Alternative Carriers6.17%
Integrated Telecom Services2.27%
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 16.8x.
    • Analysts are expecting annual earnings decline of 1.3%, which is lower than the prior year's growth of 34.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 95% 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
T AT&TUS$28.642.2%
+US$4.4b		5.6%PE9.2x
VZ Verizon CommunicationsUS$51.122.0%
+US$4.1b		11.0%PE12.6x
ASTS AST SpaceMobileUS$89.4813.0%
+US$3.4b		167.9%PS369.2x
CMCSA ComcastUS$31.913.1%
+US$3.4b		-15.1%PE5.7x
CCOI Cogent Communications HoldingsUS$23.0723.0%
+US$205.6m		-67.8%PS1.2x

Latest News

BAND
US$16.55
Bandwidth
7D
11.7%
1Y
9.4%
VZ
US$51.12
Verizon Communications
7D
2.0%
1Y
11.0%
ATNI
US$24.18
ATN International
7D
-16.1%
1Y
21.6%

ATNI: Higher Profitability Assumptions Will Support Future Upside Potential

Analysts have raised their price target on ATN International from $39 to $69, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio as the key factors behind the revised outlook. Valuation Changes The Fair Value estimate has risen sharply from $39 to $69.0 per share, a change of roughly 77%.
ASTS
US$89.48
AST SpaceMobile
7D
13.0%
1Y
167.9%
CMCSA
US$31.91
Comcast
7D
3.1%
1Y
-15.1%

CMCSA: Future Returns Will Be Pressured By Rising Fiber Competition

Narrative Update The analyst price target for Comcast has edged lower, with fair value moving from about $23.85 to $23.70 as analysts factor in increased fiber competition, adjustments for the Versant spin off, and a series of reduced price targets from several firms partly offset by one modest upward revision. Analyst Commentary Recent research on Comcast has leaned more cautious, with several bearish analysts either cutting price targets or shifting to more negative stock ratings.
UNIT
US$8.05
Uniti Group
7D
10.0%
1Y
-8.8%

UNIT: Higher P/E Expectations And Fiber Expansion Will Shape Balanced 2026 Outlook

Analysts have raised their price target on Uniti Group by $1. The updated view reflects changes in their fair value estimate, growth and margin assumptions, and a significantly higher future P/E multiple.
GSAT
US$56.44
Globalstar
7D
-9.4%
1Y
144.4%

GSAT: Future Will Depend On De Risked Satellites And Underused Spectrum Balance

Analysts have increased their fair value estimate for Globalstar from $60.00 to $63.00, citing a higher $71 Street price target and the view that the company offers a compelling mix of "de-risked" satellite services supported by Apple and underutilized terrestrial spectrum assets. Analyst Commentary Recent research highlights a mixed but generally constructive stance toward Globalstar.
T
US$28.64
AT&T
7D
2.2%
1Y
5.6%

T: Cloud Partnerships And Buybacks Will Shape Balanced Return Potential

Analysts have nudged their price target narrative on AT&T slightly higher to about $29.41, reflecting updated assumptions for discount rate, fair value and future P/E that fine-tune rather than overhaul the prior view. What's in the News AT&T, Amazon Web Services and Amazon Leo are working together to combine AT&T’s fiber network with AWS cloud and AI tools, including migrating AT&T workloads to AWS Outposts and connecting AWS data centers with high capacity fiber, while Amazon Leo will provide satellite based connectivity for fixed broadband services in harder to serve areas (Key Developments).
LUMN
US$6.62
Lumen Technologies
7D
-6.9%
1Y
24.9%

LUMN: Balance Sheet Repair And Cost Cuts Will Support Re Rating

Our updated Lumen Technologies price target moves modestly higher by a few dollars, as analysts balance mixed rating changes with expectations for slightly less severe revenue contraction, a similar margin profile, and a higher assumed future P/E multiple, supported by recent balance sheet repair and cost cutting progress. Analyst Commentary Recent Street research around Lumen paints a mixed but generally constructive picture, as several bullish analysts lift their price targets while one firm takes a more cautious stance with a downgrade.
LBTY.A
US$12.54
Liberty Global
7D
-1.6%
1Y
7.5%

LBTY.A: Future Infrastructure Deals And Cash Returns Will Support Upside

Analysts have nudged their price target for Liberty Global up by $1 to $14, citing refreshed forecasts and valuation work following the latest company results. Analyst Commentary Bullish analysts see the updated US$14 price target as a reflection of refreshed modeling work after the latest results, rather than a major shift in view.
TSAT
US$30.84
Telesat
7D
-1.8%
1Y
73.2%
SHEN
US$15.28
Shenandoah Telecommunications
7D
12.1%
1Y
29.5%
CCOI
US$23.07
Cogent Communications Holdings
7D
23.0%
1Y
-67.8%
GLIB.A
US$38.01
GCI Liberty
7D
-4.4%
1Y
n/a

Rural Broadband Expansion And Lower Future CapEx Will Support A Stronger Long Term Outlook

Catalysts About GCI Liberty GCI Liberty, through GCI, provides broadband and wireless connectivity services across Alaska, with a focus on both urban and rural communities. What are the underlying business or industry changes driving this perspective?
SIFY
US$14.16
Sify Technologies
7D
-9.6%
1Y
193.2%
ELWT
US$7.15
Elauwit Connection
7D
-6.4%
1Y
n/a