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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies56
  • 7D-7.0%
  • 3M-12.4%
  • 1Y-5.5%
  • YTD-0.02%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 7.0%, driven by a pullback from AT&T of 8.3%. Meanwhile, Bandwidth actually outperformed within the industry, gaining 11% in the last week. Overall the industry is down 5.5% in 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026US$503.1bUS$410.2bUS$51.3b14.9x9.8x1.2x
Tue, 05 May 2026US$538.3bUS$410.0bUS$49.7b12.5x10.8x1.3x
Thu, 02 Apr 2026US$575.7bUS$406.4bUS$51.3b13.6x11.2x1.4x
Sat, 28 Feb 2026US$567.2bUS$406.4bUS$50.8b10.6x11.2x1.4x
Mon, 26 Jan 2026US$507.9bUS$404.0bUS$61.5b9.7x8.3x1.3x
Wed, 24 Dec 2025US$405.7bUS$284.0bUS$38.4b9.3x10.6x1.4x
Fri, 21 Nov 2025US$405.8bUS$284.0bUS$38.4b9x10.6x1.4x
Sun, 19 Oct 2025US$427.3bUS$286.5bUS$25.5b13.9x16.8x1.5x
Tue, 16 Sep 2025US$447.0bUS$286.5bUS$25.5b15.2x17.5x1.6x
Thu, 14 Aug 2025US$438.4bUS$286.4bUS$25.5b14.9x17.2x1.5x
Sat, 12 Jul 2025US$428.9bUS$282.4bUS$27.5b16.7x15.6x1.5x
Mon, 09 Jun 2025US$427.6bUS$282.3bUS$27.5b17.2x15.5x1.5x
Wed, 07 May 2025US$422.2bUS$283.3bUS$27.3b16.7x15.5x1.5x
Fri, 04 Apr 2025US$431.5bUS$281.9bUS$28.1b13.7x15.4x1.5x
Sun, 02 Mar 2025US$420.2bUS$281.3bUS$28.2b10.4x14.9x1.5x
Tue, 28 Jan 2025US$371.8bUS$284.5bUS$22.7b16.1x16.3x1.3x
Thu, 26 Dec 2024US$377.3bUS$284.8bUS$12.9b18.8x29.2x1.3x
Sat, 23 Nov 2024US$384.1bUS$281.4bUS$13.3b19.4x29x1.4x
Mon, 21 Oct 2024US$384.6bUS$281.4bUS$21.2b18.4x18.1x1.4x
Wed, 18 Sep 2024US$389.7bUS$281.4bUS$21.2b18.8x18.4x1.4x
Fri, 16 Aug 2024US$347.8bUS$281.3bUS$21.2b18.8x16.4x1.2x
Sun, 14 Jul 2024US$342.2bUS$281.1bUS$22.7b23.3x15.1x1.2x
Tue, 11 Jun 2024US$327.9bUS$281.1bUS$22.7b26x14.4x1.2x
Thu, 09 May 2024US$317.0bUS$280.9bUS$22.8b26.8x13.9x1.1x
Sat, 06 Apr 2024US$332.2bUS$281.7bUS$22.5b27.6x14.7x1.2x
Mon, 04 Mar 2024US$321.5bUS$283.9bUS$20.8b25.5x15.4x1.1x
Wed, 31 Jan 2024US$339.4bUS$300.5bUS$8.4b14.2x40.6x1.1x
Fri, 29 Dec 2023US$315.8bUS$300.0b-US$7,362,408,842.0014.5x-42.9x1.1x
Sun, 26 Nov 2023US$309.1bUS$300.0b-US$7,362,663,746.0010.1x-42x1x
Tue, 24 Oct 2023US$272.4bUS$301.4b-US$4,556,306,599.007x-59.8x0.9x
Thu, 21 Sep 2023US$289.4bUS$301.1b-US$2,062,128,600.008.3x-140.4x1x
Sat, 19 Aug 2023US$277.3bUS$301.0b-US$2,059,802,266.0010.5x-134.6x0.9x
Mon, 17 Jul 2023US$283.7bUS$302.2bUS$9.5b12.2x29.7x0.9x
Wed, 14 Jun 2023US$300.2bUS$302.2bUS$9.5b12x31.5x1x
Price to Earnings Ratio

31.5x


Total Market Cap: US$300.2bTotal Earnings: US$9.5bTotal Revenue: US$302.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 0.1x202420252026
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 9.8x which is higher than its 3-year average PE of 0.12x.
  • 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-2.79%
Telecom-4.03%
Telecom Services and Carriers-6.96%
Integrated Telecom Services-6.06%
Alternative Carriers-12.63%
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 15.6x.
    • Analysts are expecting annual earnings growth of 0.5%, which is lower than the prior year's growth of 8.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 90% 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
BAND BandwidthUS$72.2011.1%
+US$231.5m		382.9%PS2.9x
UNIT Uniti GroupUS$11.684.1%
+US$111.7m		61.9%PE2.5x
ATEX AnterixUS$66.644.1%
+US$49.1m		139.4%PE15.4x
IDT IDTUS$56.081.7%
+US$11.2m		-18.3%PE17x
SHEN Shenandoah TelecommunicationsUS$16.121.1%
+US$9.4m		19.4%PS2.5x

Latest News

GSAT
US$81.49
Globalstar
7D
-3.2%
1Y
309.5%
Narrative Update • Jun 06

GSAT: Amazon Acquisition And Spectrum Assets Will Shape Measured Future Opportunity

Analysts have raised their price target on Globalstar to $90, citing the value they see in the pending Amazon agreement and related milestones. However, they also note that, at current levels, the potential upside appears limited and less compelling on a risk/reward basis.
IDT
US$56.08
IDT
7D
1.7%
1Y
-18.3%
Seeking Alpha • Jun 06

IDT Corporation: A Better Mix With Good Long-Term Potential

Summary IDT Corporation still has a legacy communications base, but my bull case depends on their higher-margin growth segments. Their latest quarter showed that profits can outpace their revenue as long as their business mix continues to improve going forward. Particularly, I like their NRS, Fintech, and net2phone as value drivers. Especially because these verticals can incrementally improve IDT’s long-term margins. Similarly, I believe IDT’s healthy balance sheet gives management room to invest, return cash, and support this ongoing mix transition. Consequently, I rate IDT a viable telecom “buy” as long as their margins and mix continue to improve in 2026. Read the full article on Seeking Alpha
CMCSA
US$23.82
Comcast
7D
-4.2%
1Y
-31.4%
SHEN
US$16.12
Shenandoah Telecommunications
7D
1.1%
1Y
19.4%
Narrative Update • Jun 06

SHEN: Rural Broadband Buildout And Bullish Coverage Will Support Future Upside

Analysts have maintained their $27.50 price target on Shenandoah Telecommunications, citing updated assumptions around revenue growth, profit margins and discount rates that are broadly in line with recent bullish research coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the reaffirmed US$27.50 target as consistent with their constructive view on the stock, suggesting that current pricing already reflects updated assumptions on revenue, margins and discount rates.
ATEX
US$66.64
Anterix
7D
4.1%
1Y
139.4%
VZ
US$45.37
Verizon Communications
7D
-5.1%
1Y
3.6%
T
US$22.75
AT&T
7D
-8.3%
1Y
-19.0%
Narrative Update • Jun 05

T: Future Returns Will Reflect Satellite Coverage Push And Steady P/E Expectations

Analysts are maintaining their $25.00 price target for AT&T, pointing to updated assumptions around the discount rate, modest revenue growth, profit margin expectations, and future P/E, which together leave their overall valuation view unchanged. What's in the News AT&T, T-Mobile, and Verizon agreed in principle to form a joint venture that will pool spectrum and use satellite based direct to device technology to reduce U.S. mobile dead zones, particularly in rural and underserved areas, with AST SpaceMobile expected to play a key role in enabling the service.
LBTY.A
US$11.76
Liberty Global
7D
-6.0%
1Y
21.2%
Narrative Update • Jun 05

LBTY.A: Higher P/E Assumptions And Ziggo Group Listing Will Support Future Upside

Analysts have raised their price targets on Liberty Global by about $2 to $3, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research on Liberty Global centers on recalibrated price targets that reflect updated assumptions for fair value, discount rates, revenue trajectories, profit margins and future P/E multiples.
UNIT
US$11.68
Uniti Group
7D
4.1%
1Y
61.9%
Narrative Update • Jun 03

UNIT: Higher Fiber Build Costs And 2026 Losses Will Limit Upside Potential

Uniti Group’s analyst price target has moved higher, with several firms lifting their targets by $1 to $4, up to as much as $11.75, as analysts update their models following recent results and refine assumptions around discount rate, profit margin and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts have raised price targets across multiple updates, with the highest recent target at US$11.75.
BAND
US$72.20
Bandwidth
7D
11.1%
1Y
382.9%
IRDM
US$47.36
Iridium Communications
7D
-8.5%
1Y
70.6%
Narrative Update • Jun 03

IRDM: Spectrum Optionality And Capital Returns Will Shape Future Risk Reward Balance

Iridium Communications' updated analyst price targets center around $40 and higher, as analysts factor in revised revenue growth assumptions, adjusted discount rates, and updated long term P/E expectations following a series of recent initiations, target changes, and rating moves on the stock. Analyst Commentary Bullish analysts have been active on Iridium Communications, with several research notes pointing to revised price targets around the US$40 level.
ASTS
US$93.60
AST SpaceMobile
7D
-17.5%
1Y
200.1%
LUMN
US$8.91
Lumen Technologies
7D
-18.9%
1Y
126.1%
Narrative Update • Jun 02

LUMN: Liability Management And Revenue Pressure Will Limit Upside From AI Network Plans

The analyst price target for Lumen Technologies has increased from $7.68 to $8.29. Analysts attribute this change to updates in fair value estimates, discount rate assumptions, revenue decline expectations, profit margin forecasts, and future P/E level projections.