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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMay 16, 2026
DataAggregated Company Financials
Companies58
  • 7D-2.1%
  • 3M-10.4%
  • 1Y-3.1%
  • YTD2.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.1%, driven by AT&T declining 4.5%. In contrast, AST SpaceMobile has gained 11%. Overall the industry is down 3.1% in 12 months. Earnings are forecast to grow by 11% 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, 16 May 2026US$522.3bUS$410.2bUS$51.3b13.3x10.2x1.3x
Mon, 13 Apr 2026US$542.3bUS$406.5bUS$51.3b12.4x10.6x1.3x
Wed, 11 Mar 2026US$577.0bUS$406.5bUS$50.8b10.4x11.4x1.4x
Fri, 06 Feb 2026US$561.1bUS$406.3bUS$55.9b9.8x10x1.4x
Sun, 04 Jan 2026US$409.9bUS$286.7bUS$38.5b12x10.6x1.4x
Tue, 02 Dec 2025US$410.9bUS$284.0bUS$38.4b9.2x10.7x1.4x
Thu, 30 Oct 2025US$414.0bUS$287.0bUS$35.0b11.5x11.8x1.4x
Sat, 27 Sep 2025US$439.3bUS$286.4bUS$25.5b14.9x17.2x1.5x
Mon, 25 Aug 2025US$445.3bUS$286.4bUS$25.5b15.3x17.5x1.6x
Wed, 23 Jul 2025US$430.2bUS$284.2bUS$28.0b15.8x15.4x1.5x
Fri, 20 Jun 2025US$420.7bUS$282.3bUS$27.5b16.9x15.3x1.5x
Sun, 18 May 2025US$423.7bUS$282.3bUS$27.4b17x15.5x1.5x
Tue, 15 Apr 2025US$416.3bUS$282.1bUS$28.1b13.1x14.8x1.5x
Thu, 13 Mar 2025US$412.3bUS$281.4bUS$28.2b10.2x14.6x1.5x
Sat, 08 Feb 2025US$386.9bUS$284.5bUS$22.7b16.4x17x1.4x
Mon, 06 Jan 2025US$377.6bUS$283.6bUS$13.1b18.8x28.7x1.3x
Wed, 04 Dec 2024US$392.9bUS$281.4bUS$13.3b19.5x29.6x1.4x
Fri, 01 Nov 2024US$379.0bUS$281.4bUS$14.0b18.3x27.1x1.3x
Sun, 29 Sep 2024US$386.5bUS$281.4bUS$21.2b17.7x18.2x1.4x
Tue, 27 Aug 2024US$354.0bUS$281.4bUS$21.2b18.6x16.7x1.3x
Thu, 25 Jul 2024US$327.9bUS$281.3bUS$22.7b21.1x14.5x1.2x
Sat, 22 Jun 2024US$328.6bUS$281.1bUS$22.7b25.3x14.5x1.2x
Mon, 20 May 2024US$323.8bUS$281.1bUS$22.7b27.3x14.3x1.2x
Wed, 17 Apr 2024US$312.6bUS$281.7bUS$22.5b26.8x13.9x1.1x
Fri, 15 Mar 2024US$321.4bUS$281.7bUS$22.6b26.5x14.2x1.1x
Sun, 11 Feb 2024US$320.4bUS$283.7bUS$19.8b18x16.2x1.1x
Tue, 09 Jan 2024US$333.3bUS$300.0b-US$7,362,402,093.0013.3x-45.3x1.1x
Thu, 07 Dec 2023US$319.4bUS$300.0b-US$7,360,911,399.0010.6x-43.4x1.1x
Sat, 04 Nov 2023US$301.1bUS$300.1b-US$6,946,147,469.009.4x-43.4x1x
Mon, 02 Oct 2023US$279.2bUS$301.1b-US$2,062,134,076.008.8x-135.4x0.9x
Wed, 30 Aug 2023US$289.9bUS$301.1b-US$2,059,827,016.0010.4x-140.7x1x
Fri, 28 Jul 2023US$286.5bUS$301.4bUS$6.6b11.4x43.2x1x
Sun, 25 Jun 2023US$296.4bUS$302.2bUS$9.5b10.8x31.1x1x
Tue, 23 May 2023US$305.8bUS$302.1bUS$9.5b10.5x32.1x1x
Price to Earnings Ratio

32.1x


Total Market Cap: US$305.8bTotal Earnings: US$9.5bTotal Revenue: US$302.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 0.5x202420252026
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 10.2x which is higher than its 3-year average PE of 0.55x.
  • 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 75% per year over the last three years.
  • Revenues for these companies have grown 11% 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-0.92%
Telecom-0.92%
Telecom Services and Carriers-2.09%
Alternative Carriers5.10%
Integrated Telecom Services-2.96%
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 15.8x.
    • Analysts are expecting annual earnings growth of 0.4%, which is lower than the prior year's growth of 11.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 92% over the next 5 years.
  • This is better than its past earnings decline of 12% 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
ASTS AST SpaceMobileUS$83.6711.5%
+US$2.6b		213.8%PS294.3x
LUMN Lumen TechnologiesUS$10.0518.5%
+US$1.6b		145.1%PS0.9x
BAND BandwidthUS$53.978.2%
+US$130.6m		273.2%PS2.2x
ATEX AnterixUS$57.062.0%
+US$21.4m		100.8%PE13.1x
IRDM Iridium CommunicationsUS$41.620.4%
+US$16.9m		63.5%PE41.7x

Latest News

BAND
US$53.97
Bandwidth
7D
8.2%
1Y
273.2%
ELWT
US$8.54
Elauwit Connection
7D
5.0%
1Y
n/a
IRDM
US$41.62
Iridium Communications
7D
0.4%
1Y
63.5%
CMCSA
US$24.76
Comcast
7D
-2.5%
1Y
-30.2%
Narrative Update • May 15

CMCSA: Fiber Competition And Sports Rights Reset Will Shape Future Earnings Power

Comcast's updated analyst price target edges higher as fair value is adjusted slightly to $32.74 and the modeled P/E contracts, with analysts pointing to a modestly lower discount rate, a small improvement in profit margin assumptions, and mixed views on revenue growth and competitive fiber headwinds. Analyst Commentary Recent Street research on Comcast reflects a split view, with several bullish analysts lifting price targets while more cautious voices highlight growth and competitive risks, especially around fiber.
LUMN
US$10.05
Lumen Technologies
7D
18.5%
1Y
145.1%
Seeking Alpha • May 15

Lumen Continues Its AI Transformation

Summary Lumen Technologies shares have surged over 33% YTD, driven by AI-related initiatives and strategic business shifts. Q1 revenues declined year-over-year but beat estimates; strategic business lines grew 9%, while legacy segments continued to contract. Acquisitions like Alkira and expanded cloud partnerships position LUMN for long-term growth, though valuation remains discounted versus peers. Read the full article on Seeking Alpha
T
US$24.03
AT&T
7D
-4.5%
1Y
-13.3%
LILA
US$7.18
Liberty Latin America
7D
-5.9%
1Y
35.2%
Narrative Update • May 14

LILA: Higher Margin Outlook And Ongoing Buybacks Will Support Future Upside

Analysts have revised their price target on Liberty Latin America to $11.90, with the change linked to updated assumptions around discount rate, revenue growth, profit margin and future P/E, even though the headline fair value figure itself remains at $11.90. What's in the News On April 16, 2026, GCI Liberty, Inc.
IHS
US$8.24
IHS Holding
7D
0%
1Y
31.2%
ASTS
US$83.67
AST SpaceMobile
7D
11.5%
1Y
213.8%
UNIT
US$11.05
Uniti Group
7D
-2.0%
1Y
43.6%
VZ
US$46.37
Verizon Communications
7D
-1.8%
1Y
5.4%
LBTY.A
US$11.51
Liberty Global
7D
-5.3%
1Y
18.1%
Narrative Update • May 11

LBTY.A: Media Assets And Buybacks Will Support Stronger Future Share Performance

Liberty Global's updated analyst price target has shifted from $28.41 to $22.74, reflecting recent revisions to growth, margins, discount rate, and P/E assumptions that analysts have been adjusting following the latest company results. Analyst Commentary Recent research updates show a series of upward revisions to Liberty Global's price targets, suggesting that some bullish analysts see improved alignment between the current valuation framework and the latest company results.
GLIB.A
US$25.59
GCI Liberty
7D
-4.4%
1Y
n/a
ATEX
US$57.06
Anterix
7D
2.0%
1Y
100.8%
SIFY
US$15.73
Sify Technologies
7D
-3.7%
1Y
241.2%