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U.S. Telecom Services and Carriers Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies59
  • 7D-0.3%
  • 3M-6.0%
  • 1Y10.7%
  • YTD10.1%

In the last week, the Telecom Services and Carriers industry is flat overall, with AST SpaceMobile standing out by going down 17%. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are expected to grow by 7.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025US$405.4bUS$284.0bUS$38.4b9.5x10.6x1.4x
Thu, 27 Nov 2025US$407.2bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sat, 25 Oct 2025US$400.6bUS$287.0bUS$35.0b11.5x11.4x1.4x
Mon, 22 Sep 2025US$444.0bUS$286.5bUS$25.5b15.3x17.4x1.5x
Wed, 20 Aug 2025US$446.1bUS$286.4bUS$25.5b15.2x17.5x1.6x
Fri, 18 Jul 2025US$420.2bUS$282.4bUS$27.5b15.7x15.3x1.5x
Sun, 15 Jun 2025US$427.7bUS$282.4bUS$27.5b17.3x15.5x1.5x
Tue, 13 May 2025US$422.4bUS$282.2bUS$27.4b16.5x15.4x1.5x
Thu, 10 Apr 2025US$407.9bUS$281.9bUS$28.1b14x14.5x1.4x
Sat, 08 Mar 2025US$422.1bUS$281.4bUS$28.2b11.1x15x1.5x
Mon, 03 Feb 2025US$377.2bUS$284.5bUS$22.8b16.1x16.6x1.3x
Wed, 01 Jan 2025US$373.1bUS$283.6bUS$13.1b18.8x28.4x1.3x
Fri, 29 Nov 2024US$398.9bUS$281.4bUS$13.3b20.2x30.1x1.4x
Sun, 27 Oct 2024US$371.9bUS$281.2bUS$16.1b18.2x23.1x1.3x
Tue, 24 Sep 2024US$381.0bUS$281.4bUS$21.2b18.7x18x1.4x
Thu, 22 Aug 2024US$351.2bUS$281.4bUS$21.2b18.7x16.6x1.2x
Sat, 20 Jul 2024US$347.4bUS$281.1bUS$22.7b23.7x15.3x1.2x
Mon, 17 Jun 2024US$322.8bUS$281.1bUS$22.7b25.8x14.2x1.1x
Wed, 15 May 2024US$323.2bUS$281.0bUS$22.7b27.2x14.2x1.2x
Fri, 12 Apr 2024US$318.1bUS$281.7bUS$22.5b26.8x14.1x1.1x
Sun, 10 Mar 2024US$319.0bUS$283.8bUS$20.8b26.4x15.3x1.1x
Tue, 06 Feb 2024US$335.5bUS$300.3bUS$8.5b15x39.4x1.1x
Thu, 04 Jan 2024US$327.2bUS$300.0b-US$7,362,416,813.0012.9x-44.4x1.1x
Sat, 02 Dec 2023US$315.4bUS$300.0b-US$7,362,654,300.0010.2x-42.8x1.1x
Mon, 30 Oct 2023US$279.1bUS$300.5b-US$4,695,087,490.007x-59.4x0.9x
Wed, 27 Sep 2023US$280.9bUS$301.1b-US$2,062,143,531.008.3x-136.2x0.9x
Fri, 25 Aug 2023US$278.5bUS$301.1b-US$2,059,832,730.0010x-135.2x0.9x
Sun, 23 Jul 2023US$286.1bUS$302.2bUS$9.5b12.1x30x0.9x
Tue, 20 Jun 2023US$306.0bUS$302.2bUS$9.5b11.7x32.1x1x
Thu, 18 May 2023US$309.2bUS$302.1bUS$9.5b11.4x32.5x1x
Sat, 15 Apr 2023US$346.7bUS$303.3bUS$11.8b13.1x29.4x1.1x
Mon, 13 Mar 2023US$325.5bUS$303.1bUS$11.9b13.9x27.2x1.1x
Wed, 08 Feb 2023US$354.1bUS$304.4bUS$19.4b13.6x18.3x1.2x
Fri, 06 Jan 2023US$355.2bUS$337.8bUS$43.5b11.1x8.2x1.1x
Price to Earnings Ratio

8.2x


Total Market Cap: US$355.2bTotal Earnings: US$43.5bTotal Revenue: US$337.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 2.1x20242025
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 10.6x 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 Market-0.18%
Telecom-0.084%
Telecom Services and Carriers-0.31%
Integrated Telecom Services1.28%
Alternative Carriers-11.53%
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 1.0%, 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
T AT&TUS$24.771.9%
+US$3.3b		9.6%PE7.9x
VZ Verizon CommunicationsUS$40.481.4%
+US$2.4b		1.2%PE8.6x
SIFY Sify TechnologiesUS$12.736.3%
+US$55.0m		345.1%PS2x
IHS IHS HoldingUS$7.281.0%
+US$23.5m		148.5%PE5.2x
BAND BandwidthUS$15.452.7%
+US$12.5m		-8.5%PS0.6x

Latest News

LILA
US$7.50
Liberty Latin America
7D
-1.8%
1Y
19.8%

LILA: Future Performance Will Hinge On Sustaining EBITDA And Free Cash Flow

Analysts have raised their price target on Liberty Latin America to $13 from $12, reflecting higher fair value assumptions and growing confidence that recent 7% Q3 rebased EBITDA growth signals sustainable earnings and margin improvement. Analyst Commentary While the latest price target increase to $13 signals improved sentiment around Liberty Latin America's earnings trajectory, not all market observers are fully convinced that the recent momentum can be sustained over the medium term.
IRDM
US$17.15
Iridium Communications
7D
-2.5%
1Y
-40.9%

IRDM: Competitive Pressures And Spectrum Deals Will Shape Balanced Outlook

Analysts have reduced their fair value estimate for Iridium Communications to approximately $16.00 per share from about $25.00 per share, citing slower expected revenue growth amid mounting competitive pressures and spectrum deals by rival satellite operators. This is partly offset by a modestly improved profit margin outlook and a lower assumed future price to earnings multiple.
GLIB.A
US$36.43
GCI Liberty
7D
-1.5%
1Y
n/a
IDT
US$51.80
IDT
7D
0.7%
1Y
9.0%

IDT: Ongoing Buybacks And Margin Expansion Will Drive Future Upside Potential

Analysts have modestly raised their price target on IDT, citing slightly faster expected revenue growth and an improved profit margin outlook. Together, these factors support a fair value holding near $80.00, despite a marginally lower future P/E multiple.
IHS
US$7.28
IHS Holding
7D
1.0%
1Y
148.5%

IHS Price Outlook Will Be Driven By Brazil Tower Agreement

Analysts have raised their price target on IHS Holding, reflected in an updated fair value estimate moving from about $15.71 to $16.20. They cite stronger operational performance, resilient cash generation, and continued strategic progress in key emerging markets as key factors behind the revision.
BAND
US$15.45
Bandwidth
7D
2.7%
1Y
-8.5%

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$7.01
Uniti Group
7D
-2.9%
1Y
-21.2%

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.
GSAT
US$59.99
Globalstar
7D
-10.0%
1Y
84.3%

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$71.47
AST SpaceMobile
7D
-16.6%
1Y
238.7%
ATNI
US$23.03
ATN International
7D
2.7%
1Y
39.1%

ATNI: Steady Guidance And Buybacks Will Support Future Shareholder Value

Analysts have slightly raised their price target on ATN International to 39 dollars, reflecting modestly higher discount rate and future P/E assumptions while leaving fair value essentially unchanged. What's in the News ATN International reaffirmed its earnings guidance for full year 2025, expecting revenue excluding construction revenue to be roughly in line with the prior year’s 725 million dollars (company guidance).
T
US$24.77
AT&T
7D
1.9%
1Y
9.6%
VZ
US$40.48
Verizon Communications
7D
1.4%
1Y
1.2%
LUMN
US$7.55
Lumen Technologies
7D
-3.1%
1Y
42.2%

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.
ATEX
US$21.72
Anterix
7D
-3.4%
1Y
-29.2%
SIFY
US$12.73
Sify Technologies
7D
6.3%
1Y
345.1%

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$11.53
Shenandoah Telecommunications
7D
1.8%
1Y
-8.6%