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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies56
  • 7D-8.1%
  • 3M-14.0%
  • 1Y-4.0%
  • YTD0.5%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 8.1%, driven by pullbacks in AT&T and Verizon Communications of 8.5% and 6.5%, respectively. Meanwhile, Bandwidth actually outperformed within the industry, gaining 27% in the last week. However, the industry is down 4.0% over the past year. As for the next few years, earnings are expected to grow by 13% 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
Sat, 06 Jun 2026US$518.6bUS$410.3bUS$51.3b15.1x10.1x1.3x
Mon, 04 May 2026US$539.0bUS$410.1bUS$49.7b12.7x10.8x1.3x
Wed, 01 Apr 2026US$571.0bUS$406.4bUS$51.3b13.7x11.1x1.4x
Fri, 27 Feb 2026US$570.9bUS$406.4bUS$50.8b10.2x11.2x1.4x
Sun, 25 Jan 2026US$507.9bUS$404.0bUS$61.5b9.7x8.3x1.3x
Tue, 23 Dec 2025US$399.9bUS$284.0bUS$38.4b9.3x10.4x1.4x
Thu, 20 Nov 2025US$409.7bUS$284.0bUS$38.4b9x10.7x1.4x
Sat, 18 Oct 2025US$427.5bUS$286.5bUS$25.5b13.9x16.8x1.5x
Mon, 15 Sep 2025US$447.0bUS$286.5bUS$25.5b15.1x17.5x1.6x
Wed, 13 Aug 2025US$435.2bUS$286.4bUS$25.4b16.1x17.1x1.5x
Fri, 11 Jul 2025US$428.9bUS$282.4bUS$27.5b16.7x15.6x1.5x
Sun, 08 Jun 2025US$427.6bUS$282.3bUS$27.5b17.2x15.5x1.5x
Tue, 06 May 2025US$424.5bUS$283.3bUS$27.3b16.5x15.5x1.5x
Thu, 03 Apr 2025US$436.5bUS$281.8bUS$28.1b14x15.5x1.5x
Sat, 01 Mar 2025US$416.9bUS$281.4bUS$28.2b10.4x14.8x1.5x
Mon, 27 Jan 2025US$370.0bUS$284.2bUS$20.9b18.4x17.7x1.3x
Wed, 25 Dec 2024US$375.4bUS$284.8bUS$12.9b18.8x29.1x1.3x
Fri, 22 Nov 2024US$381.3bUS$281.4bUS$13.3b19.2x28.8x1.4x
Sun, 20 Oct 2024US$384.6bUS$281.4bUS$21.2b18.4x18.1x1.4x
Tue, 17 Sep 2024US$382.7bUS$281.4bUS$21.2b18.7x18.1x1.4x
Thu, 15 Aug 2024US$346.7bUS$281.3bUS$21.2b18.8x16.3x1.2x
Sat, 13 Jul 2024US$341.5bUS$281.1bUS$22.7b23.3x15.1x1.2x
Mon, 10 Jun 2024US$331.5bUS$281.1bUS$22.7b26.9x14.6x1.2x
Wed, 08 May 2024US$317.1bUS$280.9bUS$22.7b26.8x14x1.1x
Fri, 05 Apr 2024US$334.6bUS$281.7bUS$22.5b27.4x14.9x1.2x
Sun, 03 Mar 2024US$321.5bUS$283.9bUS$20.8b25.5x15.4x1.1x
Tue, 30 Jan 2024US$340.7bUS$300.5bUS$8.4b14.3x40.8x1.1x
Thu, 28 Dec 2023US$315.7bUS$300.0b-US$7,362,415,556.0013.6x-42.9x1.1x
Sat, 25 Nov 2023US$309.0bUS$300.0b-US$7,362,665,423.0010.1x-42x1x
Mon, 23 Oct 2023US$276.9bUS$301.4b-US$4,556,316,300.007.8x-60.8x0.9x
Wed, 20 Sep 2023US$286.4bUS$301.1b-US$2,062,143,844.008.3x-138.9x1x
Fri, 18 Aug 2023US$278.9bUS$301.0b-US$2,059,865,144.0010.6x-135.4x0.9x
Sun, 16 Jul 2023US$283.8bUS$302.2bUS$9.5b12.2x29.7x0.9x
Tue, 13 Jun 2023US$301.3bUS$302.2bUS$9.5b11.1x31.7x1x
Price to Earnings Ratio

31.7x


Total Market Cap: US$301.3bTotal 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 10.1x which is higher than its 3-year average PE of 0.16x.
  • 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-0.11%
Telecom-3.92%
Telecom Services and Carriers-8.11%
Integrated Telecom Services-7.35%
Alternative Carriers-12.60%
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 92% 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

IDT
US$56.08
IDT
7D
1.7%
1Y
-18.3%
GSAT
US$81.49
Globalstar
7D
-3.2%
1Y
309.5%
ATEX
US$66.64
Anterix
7D
4.1%
1Y
139.4%
T
US$22.75
AT&T
7D
-8.3%
1Y
-19.0%
VZ
US$45.37
Verizon Communications
7D
-5.1%
1Y
3.6%
LBTY.A
US$11.76
Liberty Global
7D
-6.0%
1Y
21.2%
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.
CMCSA
US$23.82
Comcast
7D
-4.2%
1Y
-31.4%
Narrative Update • Jun 02

CMCSA: Broadband Quality And Sports Rights Reset Will Shape Future Earnings Power

Analysts have nudged Comcast's implied price target higher by a low single digit dollar amount. They cite a modestly higher assumed future P/E multiple and a slightly higher discount rate, which together reflect a more balanced view of the stock's risk and valuation profile.
SHEN
US$16.12
Shenandoah Telecommunications
7D
1.1%
1Y
19.4%
Analysis Article • May 06

Earnings Update: Here's Why Analysts Just Lifted Their Shenandoah Telecommunications Company (NASDAQ:SHEN) Price Target To US$27.50

Shareholders might have noticed that Shenandoah Telecommunications Company ( NASDAQ:SHEN ) filed its first-quarter...