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U.S. Telecom Services and Carriers Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies58
  • 7D0.6%
  • 3M-7.5%
  • 1Y10.0%
  • YTD9.6%

The Telecom Services and Carriers is pretty flat in the last 7 days, but AST SpaceMobile has stood out, gaining 28%. As for the the longer term, the industry is up 9.0% over the past 12 months. Looking forward, earnings are forecast to grow by 8.0% 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, 23 Dec 2025US$399.9bUS$284.0bUS$38.4b9.3x10.4x1.4x
Thu, 20 Nov 2025US$409.7bUS$284.0bUS$38.4b9x10.7x1.4x
Sat, 18 Oct 2025US$427.5bUS$286.5bUS$25.5b13.9x16.8x1.5x
Mon, 15 Sep 2025US$447.0bUS$286.5bUS$25.5b15.1x17.5x1.6x
Wed, 13 Aug 2025US$435.2bUS$286.4bUS$25.4b16.1x17.1x1.5x
Fri, 11 Jul 2025US$428.9bUS$282.4bUS$27.5b16.7x15.6x1.5x
Sun, 08 Jun 2025US$427.6bUS$282.3bUS$27.5b17.2x15.5x1.5x
Tue, 06 May 2025US$424.5bUS$283.3bUS$27.3b16.5x15.5x1.5x
Thu, 03 Apr 2025US$436.5bUS$281.8bUS$28.1b14x15.5x1.5x
Sat, 01 Mar 2025US$416.9bUS$281.4bUS$28.2b10.4x14.8x1.5x
Mon, 27 Jan 2025US$370.0bUS$284.2bUS$20.9b18.4x17.7x1.3x
Wed, 25 Dec 2024US$375.4bUS$284.8bUS$12.9b18.8x29.1x1.3x
Fri, 22 Nov 2024US$381.3bUS$281.4bUS$13.3b19.2x28.8x1.4x
Sun, 20 Oct 2024US$384.6bUS$281.4bUS$21.2b18.4x18.1x1.4x
Tue, 17 Sep 2024US$382.7bUS$281.4bUS$21.2b18.7x18.1x1.4x
Thu, 15 Aug 2024US$346.7bUS$281.3bUS$21.2b18.8x16.3x1.2x
Sat, 13 Jul 2024US$341.5bUS$281.1bUS$22.7b23.3x15.1x1.2x
Mon, 10 Jun 2024US$331.5bUS$281.1bUS$22.7b26.9x14.6x1.2x
Wed, 08 May 2024US$317.1bUS$280.9bUS$22.7b26.8x14x1.1x
Fri, 05 Apr 2024US$334.6bUS$281.7bUS$22.5b27.4x14.9x1.2x
Sun, 03 Mar 2024US$321.5bUS$283.9bUS$20.8b25.5x15.4x1.1x
Tue, 30 Jan 2024US$340.7bUS$300.5bUS$8.4b14.3x40.8x1.1x
Thu, 28 Dec 2023US$315.7bUS$300.0b-US$7,362,415,556.0013.6x-42.9x1.1x
Sat, 25 Nov 2023US$309.0bUS$300.0b-US$7,362,665,423.0010.1x-42x1x
Mon, 23 Oct 2023US$276.9bUS$301.4b-US$4,556,316,300.007.8x-60.8x0.9x
Wed, 20 Sep 2023US$286.4bUS$301.1b-US$2,062,143,844.008.3x-138.9x1x
Fri, 18 Aug 2023US$278.9bUS$301.0b-US$2,059,865,144.0010.6x-135.4x0.9x
Sun, 16 Jul 2023US$283.8bUS$302.2bUS$9.5b12.2x29.7x0.9x
Tue, 13 Jun 2023US$301.3bUS$302.2bUS$9.5b11.1x31.7x1x
Thu, 11 May 2023US$318.5bUS$302.1bUS$9.5b11x33.4x1.1x
Sat, 08 Apr 2023US$346.0bUS$303.3bUS$11.8b13.2x29.4x1.1x
Mon, 06 Mar 2023US$338.2bUS$303.1bUS$11.9b15x28.3x1.1x
Wed, 01 Feb 2023US$366.9bUS$304.4bUS$19.4b14x18.9x1.2x
Fri, 30 Dec 2022US$338.0bUS$337.7bUS$43.5b11.1x7.8x1x
Price to Earnings Ratio

7.8x


Total Market Cap: US$338.0bTotal Earnings: US$43.5bTotal Revenue: US$337.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 2.1x202320242025
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 10.4x which is higher than its 3-year average PE of 2.1x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.0% per year over the last three years,
  • Revenues have also declined 5.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

US Market0.99%
Telecom0.84%
Telecom Services and Carriers0.58%
Alternative Carriers14.09%
Integrated Telecom Services-0.96%
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 17.4x.
    • Analysts are expecting annual earnings decline of 0.7%, which is lower than the prior year's growth of 73.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 74% over the next 5 years.
  • This is better than its past earnings growth rate of 19% 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$86.4827.5%
+US$5.2b		272.0%PS1310.6x
GLIB.A GCI LibertyUS$37.0012.2%
+US$115.7m		n/aPS1x
IRDM Iridium CommunicationsUS$18.092.8%
+US$51.3m		-38.1%PE15.1x
SIFY Sify TechnologiesUS$11.895.2%
+US$42.7m		300.3%PS1.9x
ATEX AnterixUS$22.534.4%
+US$17.6m		-27.6%PE4.4x

Latest News

BAND
US$15.04
Bandwidth
7D
1.2%
1Y
-16.2%

BAND: AI Voice Integrations Will Drive Long-Term Upside Potential

Analysts have modestly increased their price target for Bandwidth to approximately $23.67 per share, citing a slightly higher discount rate and stable expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Issued full year 2025 guidance, projecting revenue between $747 million and $760 million, signaling confidence in continued top line growth (Corporate Guidance) Announced support for OpenAI's latest Realtime API, integrating SIP-based voice calling so enterprises can deploy their own GPT powered conversational voice agents on Bandwidth's edge infrastructure (Product Related Announcement) Expanded its open, multi pathway AI strategy with options ranging from pre built integrations with platforms like Google Dialogflow and Cognigy to standards based APIs such as OpenAI's Realtime API, broadening routes to build AI enhanced communications (Product Related Announcement) Highlighted advantages of its owned and operated global cloud communications network, positioning low latency, high fidelity voice and intelligent routing as key enablers for mission critical conversational AI use cases (Product Related Announcement) Valuation Changes Fair Value: Unchanged at approximately $23.67 per share, indicating stable long term intrinsic value expectations.
UNIT
US$7.22
Uniti Group
7D
-3.7%
1Y
-20.7%

UNIT: Fiber Transition And Leverage Management Will Drive Cautious Long-Term Outlook

Analysts have cut their price target on Uniti Group to $6 from roughly $7.50. This reflects a shift to lower valuation multiples amid concerns over near term EBITDA pressure, elevated leverage tied to heavy fiber investment, and uncertainty around the pace of transition away from contracting legacy revenue streams.
LILA
US$7.64
Liberty Latin America
7D
-9.2%
1Y
24.0%
GSAT
US$66.63
Globalstar
7D
-3.5%
1Y
130.2%

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$86.48
AST SpaceMobile
7D
27.5%
1Y
272.0%
T
US$24.30
AT&T
7D
-0.04%
1Y
6.4%
VZ
US$39.98
Verizon Communications
7D
-2.0%
1Y
0.1%
LBTY.A
US$11.26
Liberty Global
7D
0.4%
1Y
-8.5%

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.
LUMN
US$7.77
Lumen Technologies
7D
-3.6%
1Y
33.0%

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$18.09
Iridium Communications
7D
2.8%
1Y
-38.1%

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.
IDT
US$51.78
IDT
7D
1.3%
1Y
10.0%

IDT: Future Share Repurchases Will Unlock Undervalued Earnings Power

Analysts have raised their price target on IDT to reflect modestly improved profit margin expectations and a slightly more favorable discount rate, even as they temper revenue growth assumptions and apply a lower future P/E multiple. What's in the News From August 1, 2025 to October 31, 2025, IDT repurchased 158,000 shares for 7.6 million dollars, bringing total buybacks under its January 27, 2016 authorization to approximately 3.98 million shares, or 15.58 percent of shares outstanding, for 66.28 million dollars (company filing).
IHS
US$7.21
IHS Holding
7D
-2.2%
1Y
131.1%

IHS: Emerging Market Leadership Will Drive Cash Generation And Share Upside

The analyst price target for IHS Holding has been nudged higher, rising to a range anchored around $9 to $12 per share as analysts cite strong operational performance, resilient cash generation, and continued strategic progress in key emerging markets. Analyst Commentary Bullish analysts highlight that the recent price target increases reflect growing confidence in IHS Holding's ability to execute on its growth strategy, particularly in key emerging markets where tower demand and data usage trends remain supportive.
ATEX
US$22.53
Anterix
7D
4.4%
1Y
-27.6%
GLIB.A
US$37.00
GCI Liberty
7D
12.2%
1Y
n/a
SIFY
US$11.89
Sify Technologies
7D
5.2%
1Y
300.3%

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.
SHEN
US$11.31
Shenandoah Telecommunications
7D
-5.0%
1Y
-10.7%