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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies57
  • 7D2.1%
  • 3M-3.9%
  • 1Y5.6%
  • YTD9.3%

In the last week, the Telecom Services and Carriers industry is up 2.1%, with AST SpaceMobile up 7.1%. This means that the industry has gained 5.6% over the past year. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 May 2026US$550.3bUS$410.3bUS$51.3b14.3x10.7x1.3x
Mon, 27 Apr 2026US$535.7bUS$409.0bUS$49.5b12.6x10.8x1.3x
Wed, 25 Mar 2026US$578.2bUS$406.4bUS$51.3b13.6x11.3x1.4x
Fri, 20 Feb 2026US$568.7bUS$406.4bUS$50.8b9.7x11.2x1.4x
Sun, 18 Jan 2026US$508.8bUS$410.1bUS$61.1b9.6x8.3x1.2x
Tue, 16 Dec 2025US$409.6bUS$284.0bUS$38.4b9.2x10.7x1.4x
Thu, 13 Nov 2025US$413.7bUS$287.7bUS$38.1b11.7x10.9x1.4x
Sat, 11 Oct 2025US$426.3bUS$286.4bUS$25.5b14x16.7x1.5x
Mon, 08 Sep 2025US$451.0bUS$286.4bUS$25.5b15.4x17.7x1.6x
Wed, 06 Aug 2025US$430.0bUS$286.5bUS$25.8b15.6x16.6x1.5x
Fri, 04 Jul 2025US$435.8bUS$282.4bUS$27.5b17.9x15.8x1.5x
Sun, 01 Jun 2025US$420.1bUS$282.3bUS$27.5b17x15.3x1.5x
Tue, 29 Apr 2025US$409.4bUS$283.2bUS$29.4b13x13.9x1.4x
Thu, 27 Mar 2025US$422.9bUS$281.8bUS$28.2b10.6x15x1.5x
Sat, 22 Feb 2025US$413.9bUS$281.3bUS$28.5b15.4x14.5x1.5x
Mon, 20 Jan 2025US$364.8bUS$283.6bUS$13.1b18.1x27.8x1.3x
Wed, 18 Dec 2024US$379.9bUS$284.8bUS$12.9b18.7x29.4x1.3x
Fri, 15 Nov 2024US$374.9bUS$281.4bUS$13.4b19x27.9x1.3x
Sun, 13 Oct 2024US$374.0bUS$281.4bUS$21.2b18.4x17.6x1.3x
Tue, 10 Sep 2024US$365.6bUS$273.8bUS$23.2b18.8x15.7x1.3x
Thu, 08 Aug 2024US$341.6bUS$281.3bUS$22.4b18x15.2x1.2x
Sat, 06 Jul 2024US$338.1bUS$281.1bUS$22.7b23x14.9x1.2x
Mon, 03 Jun 2024US$334.4bUS$281.1bUS$22.7b27.8x14.7x1.2x
Wed, 01 May 2024US$315.2bUS$281.7bUS$21.5b27.3x14.7x1.1x
Fri, 29 Mar 2024US$329.1bUS$281.7bUS$22.5b28.1x14.6x1.2x
Sun, 25 Feb 2024US$321.8bUS$283.7bUS$20.7b22.8x15.6x1.1x
Tue, 23 Jan 2024US$325.2bUS$300.0b-US$7,365,679,688.0013.2x-44.2x1.1x
Thu, 21 Dec 2023US$315.1bUS$300.0b-US$7,362,256,316.0012.4x-42.8x1.1x
Sat, 18 Nov 2023US$301.3bUS$300.0b-US$7,363,750,550.0010.1x-40.9x1x
Mon, 16 Oct 2023US$266.0bUS$301.0b-US$2,071,381,666.008.3x-128.4x0.9x
Wed, 13 Sep 2023US$283.1bUS$301.1b-US$2,062,110,866.009.5x-137.3x0.9x
Fri, 11 Aug 2023US$280.4bUS$301.0b-US$997,014,295.0010.2x-281.2x0.9x
Sun, 09 Jul 2023US$300.9bUS$302.2bUS$9.5b11.8x31.5x1x
Tue, 06 Jun 2023US$290.9bUS$302.2bUS$9.5b10.2x30.6x1x
Price to Earnings Ratio

30.6x


Total Market Cap: US$290.9bTotal 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 0.3x202420252026
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 10.7x which is higher than its 3-year average PE of 0.29x.
  • 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 Market1.83%
Telecom1.33%
Telecom Services and Carriers2.08%
Alternative Carriers23.42%
Integrated Telecom Services-0.86%
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 15.7x.
    • Analysts are expecting annual earnings growth of 0.4%, which is lower than the prior year's growth of 11.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 93% 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
ASTS AST SpaceMobileUS$113.417.1%
+US$2.3b		391.6%PS398.9x
LUMN Lumen TechnologiesUS$10.9916.8%
+US$1.6b		180.4%PS0.9x
IRDM Iridium CommunicationsUS$51.786.0%
+US$310.8m		103.9%PE51.9x
GSAT GlobalstarUS$84.211.5%
+US$155.8m		356.2%PS38.3x
BAND BandwidthUS$64.975.8%
+US$114.6m		363.4%PS2.6x

Latest News

LUMN
US$10.99
Lumen Technologies
7D
16.8%
1Y
180.4%
T
US$24.80
AT&T
7D
-1.8%
1Y
-10.8%
BAND
US$64.97
Bandwidth
7D
5.8%
1Y
363.4%
Narrative Update • May 28

BAND: Raised 2026 Revenue Guidance And AI Partnership Will Support Upside

Analysts have lifted their fair value estimate for Bandwidth from $45.00 to $70.00, citing updated assumptions around revenue growth, profit margins, and a higher future P/E multiple. What's in the News Bandwidth raised full year 2026 revenue guidance to a range of $880 million to $900 million.
ASTS
US$113.41
AST SpaceMobile
7D
7.1%
1Y
391.6%
Seeking Alpha • May 28

AST SpaceMobile Over SpaceX Any Day

Summary AST SpaceMobile offers superior space market exposure versus the upcoming SpaceX IPO at a more attractive valuation. ASTS's purpose-built satellite network connects directly to standard smartphones and leverages partnerships with operators serving 2.8 billion subscribers. Despite a Q1 2026 revenue miss, ASTS reaffirmed $150–200M full-year guidance, expects sequential growth, and maintains a strong $3.5B cash position. ASTS is early in its S-curve, with high-growth potential and less exposure to the unpredictable Musk/xAI factor impacting SPCX's valuation. Read the full article on Seeking Alpha
IDT
US$55.16
IDT
7D
4.3%
1Y
-10.4%
Narrative Update • May 27

IDT: Share Repurchases And Higher Dividend Will Support Future Upside

Analysts have made a modest adjustment to their IDT price target, reflecting updated assumptions for the discount rate, long term revenue trend, profit margin profile, and future P/E expectations, while keeping the fair value estimate steady at $80.00. What's in the News IDT completed a share repurchase tranche between November 1, 2025 and January 31, 2026, buying back 149,109 shares, or 0.59% of the company, for US$7.43 million, bringing total repurchases under the January 27, 2016 authorization to 4,125,570 shares, or 16.17%, for US$73.71 million (company filing).
VZ
US$47.81
Verizon Communications
7D
-1.1%
1Y
8.8%
IRDM
US$51.78
Iridium Communications
7D
6.0%
1Y
103.9%
IHS
US$8.30
IHS Holding
7D
-1.1%
1Y
49.5%
CCOI
US$17.76
Cogent Communications Holdings
7D
-2.2%
1Y
-61.1%
Narrative Update • May 25

CCOI: Reset Expectations And Data Center Deal Will Shape Upside Potential

Cogent Communications Holdings' updated analyst price target has shifted meaningfully, with the model value moving from $74.86 to $32.16 as analysts factor in a higher discount rate, more measured revenue growth assumptions, stable profit margins, and broadly lower Street targets following recent cuts from several major firms. Analyst Commentary Recent research shows a cluster of reduced price targets around the low to mid US$20s, together with an earlier move by JPMorgan to upgrade the stock.
IQST
US$1.18
iQSTEL
7D
-2.5%
1Y
-87.8%
CMCSA
US$24.87
Comcast
7D
-1.3%
1Y
-28.1%
GSAT
US$84.21
Globalstar
7D
1.5%
1Y
356.2%
LBTY.A
US$12.51
Liberty Global
7D
2.7%
1Y
29.9%
Narrative Update • May 11

LBTY.A: Media Assets And Buybacks Will Support Stronger Future Share Performance

Liberty Global's updated analyst price target has shifted from $28.41 to $22.74, reflecting recent revisions to growth, margins, discount rate, and P/E assumptions that analysts have been adjusting following the latest company results. Analyst Commentary Recent research updates show a series of upward revisions to Liberty Global's price targets, suggesting that some bullish analysts see improved alignment between the current valuation framework and the latest company results.
GLIB.A
US$22.31
Liberty Capital
7D
-10.7%
1Y
n/a
SIFY
US$16.82
Sify Technologies
7D
4.2%
1Y
235.1%