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U.S. Telecom Services and Carriers Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies59
  • 7D2.4%
  • 3M-5.5%
  • 1Y10.8%
  • YTD10.5%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.4%, driven by gains from AST SpaceMobile of 38%. In the last 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 8.6% 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
Thu, 25 Dec 2025US$405.7bUS$284.0bUS$38.4b9.3x10.6x1.4x
Sat, 22 Nov 2025US$402.4bUS$284.0bUS$38.4b9x10.5x1.4x
Mon, 20 Oct 2025US$427.3bUS$286.5bUS$25.5b13.9x16.8x1.5x
Wed, 17 Sep 2025US$448.2bUS$286.5bUS$25.5b15x17.6x1.6x
Fri, 15 Aug 2025US$439.9bUS$286.4bUS$25.5b15x17.3x1.5x
Sun, 13 Jul 2025US$412.6bUS$282.4bUS$27.5b16.1x15x1.5x
Tue, 10 Jun 2025US$427.6bUS$282.3bUS$27.5b17.1x15.5x1.5x
Thu, 08 May 2025US$429.6bUS$283.3bUS$27.3b16.7x15.7x1.5x
Sat, 05 Apr 2025US$437.4bUS$281.9bUS$28.1b13.4x15.6x1.6x
Mon, 03 Mar 2025US$420.2bUS$281.3bUS$28.2b10.4x14.9x1.5x
Wed, 29 Jan 2025US$385.8bUS$284.5bUS$22.7b16.3x17x1.4x
Fri, 27 Dec 2024US$377.3bUS$284.8bUS$12.9b18.9x29.2x1.3x
Sun, 24 Nov 2024US$388.5bUS$281.4bUS$13.3b19.4x29.3x1.4x
Tue, 22 Oct 2024US$384.6bUS$281.4bUS$21.2b18x18.1x1.4x
Thu, 19 Sep 2024US$381.7bUS$281.4bUS$21.2b18.8x18x1.4x
Sat, 17 Aug 2024US$343.6bUS$281.4bUS$21.2b18.8x16.2x1.2x
Mon, 15 Jul 2024US$342.2bUS$281.1bUS$22.7b23.3x15.1x1.2x
Wed, 12 Jun 2024US$327.8bUS$281.1bUS$22.7b26x14.4x1.2x
Fri, 10 May 2024US$317.7bUS$281.2bUS$22.6b26.8x14x1.1x
Sun, 07 Apr 2024US$329.6bUS$281.7bUS$22.5b27.6x14.6x1.2x
Tue, 05 Mar 2024US$319.8bUS$283.9bUS$20.8b25x15.4x1.1x
Thu, 01 Feb 2024US$342.8bUS$300.5bUS$8.4b14x41x1.1x
Sat, 30 Dec 2023US$317.9bUS$300.0b-US$7,362,413,150.0015x-43.2x1.1x
Mon, 27 Nov 2023US$309.1bUS$300.0b-US$7,362,663,746.0010.1x-42x1x
Wed, 25 Oct 2023US$272.4bUS$301.4b-US$4,556,306,599.007x-59.8x0.9x
Fri, 22 Sep 2023US$285.8bUS$301.1b-US$2,062,128,528.008.3x-138.6x0.9x
Sun, 20 Aug 2023US$277.4bUS$301.0b-US$2,059,802,299.0010.5x-134.7x0.9x
Tue, 18 Jul 2023US$283.7bUS$302.2bUS$9.5b12x29.7x0.9x
Thu, 15 Jun 2023US$301.8bUS$302.2bUS$9.5b11.6x31.6x1x
Sat, 13 May 2023US$317.5bUS$302.1bUS$9.5b11.3x33.3x1.1x
Mon, 10 Apr 2023US$346.0bUS$303.3bUS$11.8b13.2x29.4x1.1x
Wed, 08 Mar 2023US$334.8bUS$303.1bUS$11.9b14.6x28x1.1x
Fri, 03 Feb 2023US$368.8bUS$304.4bUS$19.4b14.1x19x1.2x
Sun, 01 Jan 2023US$338.1bUS$337.8bUS$43.5b11.1x7.8x1x
Price to Earnings Ratio

7.8x


Total Market Cap: US$338.1bTotal 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 2.1x202320242025
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 10.6x 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 Market2.62%
Telecom3.47%
Telecom Services and Carriers2.35%
Alternative Carriers24.82%
Integrated Telecom Services-0.21%
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$78.2926.6%
+US$4.6b		233.3%PS1186.5x
T AT&TUS$24.661.2%
+US$2.1b		7.5%PE7.9x
GSAT GlobalstarUS$63.2511.1%
+US$804.2m		114.0%PS30.6x
LUMN Lumen TechnologiesUS$7.771.8%
+US$143.6m		33.5%PS0.6x
IRDM Iridium CommunicationsUS$17.404.9%
+US$84.8m		-39.5%PE14.5x

Latest News

IQST
US$2.98
iQSTEL
7D
-3.2%
1Y
-82.0%
GLIB.A
US$37.09
GCI Liberty
7D
5.7%
1Y
n/a
CCOI
US$22.25
Cogent Communications Holdings
7D
-1.9%
1Y
-70.8%

CCOI: Dividend Reset And Wavelength Competition Will Shape Risk-Reward Outlook

Analysts have reduced their fair value estimate for Cogent Communications Holdings to $23 from $30 per share. This change reflects a higher perceived risk profile and competitive headwinds in wavelength services, despite slightly better margin expectations and a lower projected future P/E multiple.
LILA
US$7.56
Liberty Latin America
7D
-7.2%
1Y
18.3%
GSAT
US$63.25
Globalstar
7D
11.1%
1Y
114.0%

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$78.29
AST SpaceMobile
7D
26.6%
1Y
233.3%
T
US$24.66
AT&T
7D
1.2%
1Y
7.5%
VZ
US$40.32
Verizon Communications
7D
-1.4%
1Y
1.3%
LBTY.A
US$11.14
Liberty Global
7D
1.7%
1Y
-10.6%

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
1.8%
1Y
33.5%

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$17.40
Iridium Communications
7D
4.9%
1Y
-39.5%

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$51.38
IDT
7D
-3.0%
1Y
7.8%

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).
ELWT
US$5.02
Elauwit Connection
7D
-11.8%
1Y
n/a
SIFY
US$12.17
Sify Technologies
7D
6.6%
1Y
303.0%

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$11.41
Shenandoah Telecommunications
7D
-2.2%
1Y
-11.1%
FYBR
US$38.14
Frontier Communications Parent
7D
-0.05%
1Y
9.7%