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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJul 28, 2026
DataAggregated Company Financials
Companies58
  • 7D-2.7%
  • 3M-6.1%
  • 1Y-4.7%
  • YTD-23.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.7%, driven by Space Exploration Technologies declining 5.3%. Meanwhile, Verizon Communications actually outperformed within the industry, gaining 8.8% in the last week. Overall the industry is down 4.7% in 12 months. Looking forward, earnings are forecast to grow by 48% 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, 28 Jul 2026US$2.0tUS$426.6bUS$35.2b20x57.1x4.7x
Thu, 25 Jun 2026US$2.5tUS$426.6bUS$41.4b16.5x61.2x5.9x
Sat, 23 May 2026US$539.2bUS$410.2bUS$51.3b14.2x10.5x1.3x
Mon, 20 Apr 2026US$551.0bUS$406.6bUS$51.3b12.6x10.7x1.4x
Wed, 18 Mar 2026US$578.0bUS$406.5bUS$50.8b10.4x11.4x1.4x
Fri, 13 Feb 2026US$583.6bUS$406.3bUS$55.9b10x10.4x1.4x
Sun, 11 Jan 2026US$514.7bUS$410.1bUS$61.1b9.3x8.4x1.3x
Tue, 09 Dec 2025US$411.0bUS$284.0bUS$38.4b8.9x10.7x1.4x
Thu, 06 Nov 2025US$401.9bUS$287.6bUS$38.0b11.1x10.6x1.4x
Sat, 04 Oct 2025US$437.3bUS$286.5bUS$25.5b14.8x17.2x1.5x
Mon, 01 Sep 2025US$449.4bUS$286.4bUS$25.5b15.9x17.6x1.6x
Wed, 30 Jul 2025US$427.7bUS$286.2bUS$28.9b15.2x14.8x1.5x
Fri, 27 Jun 2025US$427.0bUS$282.4bUS$27.5b17.2x15.5x1.5x
Sun, 25 May 2025US$417.7bUS$282.3bUS$27.5b16.8x15.2x1.5x
Tue, 22 Apr 2025US$420.5bUS$282.1bUS$28.1b12.7x15x1.5x
Thu, 20 Mar 2025US$420.3bUS$281.8bUS$28.2b10.6x14.9x1.5x
Sat, 15 Feb 2025US$400.4bUS$284.5bUS$22.8b17.3x17.6x1.4x
Mon, 13 Jan 2025US$356.7bUS$283.6bUS$13.2b18.2x27.1x1.3x
Wed, 11 Dec 2024US$391.1bUS$284.8bUS$12.9b19.3x30.3x1.4x
Fri, 08 Nov 2024US$378.2bUS$281.4bUS$13.4b18.9x28.2x1.3x
Sun, 06 Oct 2024US$383.4bUS$281.4bUS$21.2b18.3x18.1x1.4x
Tue, 03 Sep 2024US$356.3bUS$281.4bUS$21.2b18.8x16.8x1.3x
Thu, 01 Aug 2024US$345.3bUS$281.2bUS$22.6b21.1x15.3x1.2x
Sat, 29 Jun 2024US$337.0bUS$281.1bUS$22.7b23.2x14.9x1.2x
Mon, 27 May 2024US$322.0bUS$281.1bUS$22.7b28.4x14.2x1.1x
Wed, 24 Apr 2024US$313.0bUS$281.8bUS$22.2b26.8x14.1x1.1x
Fri, 22 Mar 2024US$320.3bUS$281.7bUS$22.5b26.2x14.2x1.1x
Sun, 18 Feb 2024US$323.0bUS$283.8bUS$21.0b21.5x15.4x1.1x
Tue, 16 Jan 2024US$318.9bUS$300.0b-US$7,362,389,591.0014.5x-43.3x1.1x
Thu, 14 Dec 2023US$310.4bUS$300.0b-US$7,362,249,793.0011.5x-42.2x1x
Sat, 11 Nov 2023US$296.1bUS$300.0b-US$7,139,916,405.009.1x-41.5x1x
Mon, 09 Oct 2023US$267.5bUS$301.1b-US$2,062,124,674.008.6x-129.7x0.9x
Wed, 06 Sep 2023US$285.9bUS$301.1b-US$2,066,001,552.0010.5x-138.4x0.9x
Fri, 04 Aug 2023US$275.7bUS$300.5b-US$2,402,484,596.0011.7x-114.7x0.9x
Price to Earnings Ratio

-114.7x


Total Market Cap: US$275.7bTotal Earnings: -US$2,402,484,596.00Total Revenue: US$300.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.3x202420252026
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 57.1x which is higher than its 3-year average PE of 1.3x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 4.7x.
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 12% 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 Market-0.74%
Telecom-5.42%
Telecom Services and Carriers-2.72%
Integrated Telecom Services7.05%
Alternative Carriers-5.16%
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 14.9x.
    • 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 60% over the next 5 years.
  • This is better than its past earnings decline of 14% 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
VZ Verizon CommunicationsUS$47.328.8%
+US$15.0b		11.7%PE12.2x
T AT&TUS$24.4211.3%
+US$14.8b		-11.5%PE7.8x
ASTS AST SpaceMobileUS$58.291.5%
+US$259.9m		7.5%PS205x
LILA Liberty Latin AmericaUS$7.796.0%
+US$88.6m		16.1%PS0.4x
IDT IDTUS$65.744.3%
+US$67.1m		14.6%PE20x

Latest News

ASTS
US$58.29
AST SpaceMobile
7D
1.5%
1Y
7.5%
LILA
US$7.79
Liberty Latin America
7D
6.0%
1Y
16.1%
Narrative Update • Jul 27

LILA: Portfolio Simplification And Preferred Dividend Will Shape Future Cash Returns

Analysts have trimmed their 12 month price target on Liberty Latin America to $7 from $8, citing updated forecasts that factor in the preferred share issuance and distribution, along with adjustments for current sovereign rate levels. What’s in the News for Liberty Latin America Liberty Latin America and its partners agreed to sell their stakes in WOW Tel S.A.C. in Peru to America Movil Peru S.A.C., aligning with the company’s focus on simplifying its portfolio and directing capital toward priority areas (company announcement).
T
US$24.42
AT&T
7D
11.3%
1Y
-11.5%
LBTY.A
US$9.83
Liberty Global
7D
-4.7%
1Y
-2.3%
VZ
US$47.32
Verizon Communications
7D
8.8%
1Y
11.7%
SPCX
US$113.50
Space Exploration Technologies
7D
-5.3%
1Y
n/a
CMCSA
US$22.80
Comcast
7D
-4.1%
1Y
-32.0%
ATEX
US$93.76
Anterix
7D
-8.0%
1Y
329.5%
Narrative Update • Jul 24

ATEX: Slower 900 MHz Monetization Will Keep Future Upside Limited

Anterix's analyst price target has shifted from $44 to $69 as analysts factor in updated spectrum valuation frameworks, including 5x5 spectrum assessments, sum-of-the-parts approaches, and evolving views on 900 MHz monetization potential alongside emerging satellite partnerships. Analyst Commentary Analyst views on Anterix remain divided, with some focusing on higher potential spectrum value and others highlighting execution risks in monetizing the company’s 900 MHz holdings and newer satellite related opportunities.
BAND
US$57.18
Bandwidth
7D
-16.9%
1Y
252.7%
Narrative Update • Jul 23

BAND: Convertible Notes And New Revenue Leadership Will Support Further Upside

Analysts have raised their price target on Bandwidth from $70.00 to $86.00, citing updated assumptions around slightly lower discount rates, higher revenue growth, stronger profit margins, and a higher future P/E multiple as key drivers of the change. What’s in the News for Bandwidth Bandwidth Inc.
IRDM
US$45.96
Iridium Communications
7D
-1.0%
1Y
80.0%
IDT
US$65.74
IDT
7D
4.3%
1Y
14.6%
LUMN
US$6.26
Lumen Technologies
7D
-1.9%
1Y
40.0%
SIFY
US$14.52
Sify Technologies
7D
3.4%
1Y
159.3%
GLIB.A
US$22.92
Liberty Capital
7D
6.3%
1Y
-32.7%
IHS
US$8.24
IHS Holding
7D
1.0%
1Y
29.4%
Narrative Update • Jul 14

IHS: Fair Outlook Will Rely On Future Margin And P/E Stability

Analysts have reduced their price target for IHS Holding from $12.00 to $8.50 as they adjust assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for IHS Holding No recent company specific news for IHS Holding is available from the provided primary sources.
UNIT
US$10.77
Uniti Group
7D
-1.7%
1Y
13.9%
Narrative Update • Jul 01

UNIT: Fiber And AI Connectivity Demand Will Reshape Earnings Mix Over Time

The updated analyst price target for Uniti Group has increased from $10.77 to $16.00. Analysts attribute this change to revised growth expectations and favorable sector conditions in communications infrastructure.