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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies57
  • 7D-1.6%
  • 3M-10.4%
  • 1Y-5.0%
  • YTD0.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.6%, driven by a pullback from AST SpaceMobile of 19%. The industry has fallen 5.0% in the last year. 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
Thu, 11 Jun 2026US$2.3tUS$429.5bUS$42.0b14.8x54.4x5.3x
Sat, 09 May 2026US$521.7bUS$410.2bUS$51.5b13.3x10.1x1.3x
Mon, 06 Apr 2026US$570.9bUS$406.4bUS$51.3b13.5x11.1x1.4x
Wed, 04 Mar 2026US$577.3bUS$406.5bUS$50.8b10.4x11.4x1.4x
Fri, 30 Jan 2026US$509.2bUS$405.6bUS$58.6b9.5x8.7x1.3x
Sun, 28 Dec 2025US$404.9bUS$284.0bUS$38.4b9.3x10.5x1.4x
Tue, 25 Nov 2025US$407.9bUS$284.0bUS$38.4b8.9x10.6x1.4x
Thu, 23 Oct 2025US$422.5bUS$286.5bUS$25.5b13.4x16.6x1.5x
Sat, 20 Sep 2025US$445.0bUS$286.5bUS$25.5b15.3x17.4x1.6x
Mon, 18 Aug 2025US$444.8bUS$286.4bUS$25.5b15.3x17.4x1.6x
Wed, 16 Jul 2025US$420.7bUS$282.4bUS$27.5b16x15.3x1.5x
Fri, 13 Jun 2025US$431.5bUS$282.4bUS$27.5b17x15.7x1.5x
Sun, 11 May 2025US$422.4bUS$282.3bUS$27.4b17.1x15.4x1.5x
Tue, 08 Apr 2025US$410.8bUS$281.9bUS$28.1b12.7x14.6x1.5x
Thu, 06 Mar 2025US$411.4bUS$281.3bUS$28.2b15.1x14.6x1.5x
Sat, 01 Feb 2025US$378.9bUS$284.5bUS$22.8b16.1x16.7x1.3x
Mon, 30 Dec 2024US$376.6bUS$283.7bUS$13.1b18.8x28.7x1.3x
Wed, 27 Nov 2024US$389.6bUS$281.4bUS$13.3b20.2x29.4x1.4x
Fri, 25 Oct 2024US$383.1bUS$281.2bUS$16.1b18.3x23.8x1.4x
Sun, 22 Sep 2024US$381.0bUS$281.4bUS$21.2b18.7x18x1.4x
Tue, 20 Aug 2024US$347.6bUS$281.4bUS$21.2b18.7x16.4x1.2x
Thu, 18 Jul 2024US$343.6bUS$281.1bUS$22.7b24.3x15.2x1.2x
Sat, 15 Jun 2024US$323.9bUS$281.1bUS$22.7b25.8x14.3x1.2x
Mon, 13 May 2024US$322.1bUS$281.0bUS$22.7b26.7x14.2x1.1x
Wed, 10 Apr 2024US$327.0bUS$281.7bUS$22.5b26.8x14.5x1.2x
Fri, 08 Mar 2024US$317.7bUS$283.8bUS$20.8b26.1x15.3x1.1x
Sun, 04 Feb 2024US$342.2bUS$300.5bUS$8.4b14.2x40.9x1.1x
Tue, 02 Jan 2024US$319.2bUS$300.0b-US$7,362,413,150.0015x-43.3x1.1x
Thu, 30 Nov 2023US$308.7bUS$300.0b-US$7,362,665,567.0010.1x-41.9x1x
Sat, 28 Oct 2023US$279.1bUS$300.5b-US$4,695,086,016.007x-59.4x0.9x
Mon, 25 Sep 2023US$284.5bUS$301.1b-US$2,062,125,049.008.3x-138x0.9x
Wed, 23 Aug 2023US$278.4bUS$301.0b-US$2,059,798,022.009.5x-135.1x0.9x
Fri, 21 Jul 2023US$284.3bUS$302.2bUS$9.5b12.1x29.8x0.9x
Sun, 18 Jun 2023US$305.9bUS$302.2bUS$9.5b11.7x32.1x1x
Price to Earnings Ratio

32.1x


Total Market Cap: US$305.9bTotal 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 54.4x which is higher than its 3-year average PE of 0.098x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 64% per year over the last three years.
  • Revenues for these companies have grown 12% 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-4.05%
Telecom-2.13%
Telecom Services and Carriers-1.65%
Integrated Telecom Services0.15%
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 15.5x.
    • 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 59% 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
CMCSA ComcastUS$23.971.9%
+US$1.6b		-31.9%PE4.6x
VZ Verizon CommunicationsUS$46.950.6%
+US$1.3b		7.3%PE11.3x
UNIT Uniti GroupUS$11.613.4%
+US$92.3m		66.7%PE2.4x
IDT IDTUS$55.502.7%
+US$36.8m		-16.0%PE16.9x
GLIB.A Liberty CapitalUS$21.203.4%
+US$27.9m		n/aPS0.8x

Latest News

BAND
US$59.31
Bandwidth
7D
-9.6%
1Y
304.0%
VZ
US$46.95
Verizon Communications
7D
0.6%
1Y
7.3%
Seeking Alpha • 19h

Verizon: A Good Defensive Play In Times Of Market Exuberance

Summary Verizon's stock is showing some signs of resiliency in recent months as other telecom carriers experience downward pressure. In spite of the stock's poor performance during the last bear market in equities, VZ remains a solid defensive play. However, there are some caveats when it comes to future profitability improvements, and investors should be mindful of that. The dividend offers yet another reason to hold VZ, as the 6% yield does not appear to be at any immediate risk. Read the full article on Seeking Alpha
LUMN
US$8.26
Lumen Technologies
7D
-17.2%
1Y
99.0%
Seeking Alpha • 23h

Lumen Technologies: Limited AI Detected

Summary Lumen Technologies has surged on AI hype, but core revenues and EBITDA continue to decline sharply. Recent AI hyperscaler deals, including with Anthropic, add minimal recurring revenue—$46 million quarterly versus a shrinking multi-billion dollar base. The stock trades at 6.5x EV/EBITDA, a stretched valuation for a declining telecom, with $11.4 billion net debt and no clear growth turnaround. I remain Bearish; investors should exit LUMN on AI-driven rallies until management demonstrates credible, material growth. Read the full article on Seeking Alpha
ASTS
US$87.32
AST SpaceMobile
7D
-18.9%
1Y
139.4%
IRDM
US$45.61
Iridium Communications
7D
-6.9%
1Y
58.5%
SHEN
US$16.18
Shenandoah Telecommunications
7D
2.5%
1Y
16.1%
CCOI
US$14.46
Cogent Communications Holdings
7D
-11.8%
1Y
-70.0%
Narrative Update • Jun 08

CCOI: Data Center Sale And Deleveraging Plan Will Support Future Margin Expansion

The analyst price target for Cogent Communications Holdings has been revised from $26.18 to $21.27, reflecting analysts' updated views on risk, growth, and valuation after a series of target cuts and ratings changes related to the recent data center sale. Analyst Commentary Recent research updates on Cogent Communications Holdings have tilted more cautious, with several firms revising ratings and price targets following the announcement of the data center sale to I Squared Capital for US$225 million in cash.
UNIT
US$11.61
Uniti Group
7D
3.4%
1Y
66.7%
ATNI
US$27.02
ATN International
7D
4.3%
1Y
66.0%
Seeking Alpha • Jun 07

ATN International's Future Looks Promising After Tower Sale Closed

Summary ATNI's tower sale has shifted my bull case from deal approval risk to now mostly being about management executing on a leaner corporate strategy. ATNI's International Telecom remains the main profitability source, while US Telecom is still undergoing structural changes from legacy infrastructure to more profitable operations. I also believe ATNI's valuation seems very compelling, assuming management's guidance holds up post-sale. Thus, I reiterate my "Buy" rating on ATNI for long-term investors at these levels. Read the full article on Seeking Alpha
GSAT
US$80.31
Globalstar
7D
-1.6%
1Y
266.2%
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$55.50
IDT
7D
2.7%
1Y
-16.0%
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$23.97
Comcast
7D
1.9%
1Y
-31.9%
T
US$23.21
AT&T
7D
-1.4%
1Y
-18.1%
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.
LILA
US$7.86
Liberty Latin America
7D
1.0%
1Y
51.2%
GLIB.A
US$21.20
Liberty Capital
7D
3.4%
1Y
n/a
SIFY
US$15.33
Sify Technologies
7D
-4.2%
1Y
235.4%