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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies55
  • 7D-2.2%
  • 3M16.0%
  • 1Y9.6%
  • YTD14.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.7%, driven by pullbacks in AT&T and Comcast of 3.2% and 5.5%, respectively. This takes the industry's 12 month performance to a gain of 9.9%. Earnings are forecast to grow by 7.7% 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, 14 Mar 2026US$572.5bUS$406.4bUS$50.8b10.4x11.3x1.4x
Mon, 09 Feb 2026US$560.8bUS$406.3bUS$55.9b9.6x10x1.4x
Wed, 07 Jan 2026US$413.2bUS$286.7bUS$38.5b12.6x10.7x1.4x
Fri, 05 Dec 2025US$413.3bUS$284.0bUS$38.4b8.9x10.8x1.5x
Sun, 02 Nov 2025US$411.2bUS$287.6bUS$38.0b11.8x10.8x1.4x
Tue, 30 Sep 2025US$440.7bUS$286.4bUS$25.5b14.9x17.3x1.5x
Thu, 28 Aug 2025US$443.2bUS$286.4bUS$25.5b15.8x17.4x1.5x
Sat, 26 Jul 2025US$435.6bUS$285.2bUS$28.9b15.4x15.1x1.5x
Mon, 23 Jun 2025US$422.2bUS$282.3bUS$27.5b16.9x15.3x1.5x
Wed, 21 May 2025US$426.4bUS$282.3bUS$27.5b17x15.5x1.5x
Fri, 18 Apr 2025US$417.3bUS$282.1bUS$28.1b13.1x14.9x1.5x
Sun, 16 Mar 2025US$417.8bUS$281.8bUS$28.2b10.5x14.8x1.5x
Tue, 11 Feb 2025US$385.9bUS$284.5bUS$22.8b16.6x17x1.4x
Thu, 09 Jan 2025US$366.3bUS$283.6bUS$13.1b18.4x27.9x1.3x
Sat, 07 Dec 2024US$394.5bUS$284.9bUS$12.9b19.1x30.6x1.4x
Mon, 04 Nov 2024US$373.6bUS$281.4bUS$14.0b18.2x26.7x1.3x
Wed, 02 Oct 2024US$387.3bUS$281.4bUS$21.2b18.1x18.3x1.4x
Fri, 30 Aug 2024US$354.1bUS$281.4bUS$21.2b18.8x16.7x1.3x
Sun, 28 Jul 2024US$340.8bUS$281.2bUS$22.6b20.9x15.1x1.2x
Tue, 25 Jun 2024US$330.6bUS$281.1bUS$22.7b25.2x14.6x1.2x
Thu, 23 May 2024US$320.6bUS$281.1bUS$22.7b27.9x14.1x1.1x
Sat, 20 Apr 2024US$312.9bUS$281.7bUS$22.5b26.8x13.9x1.1x
Mon, 18 Mar 2024US$316.5bUS$281.7bUS$22.5b27x14x1.1x
Wed, 14 Feb 2024US$321.6bUS$283.7bUS$19.8b18.1x16.3x1.1x
Fri, 12 Jan 2024US$324.7bUS$300.0b-US$7,362,403,665.0014.5x-44.1x1.1x
Sun, 10 Dec 2023US$318.2bUS$300.0b-US$7,362,262,013.0011.8x-43.2x1.1x
Tue, 07 Nov 2023US$301.2bUS$300.1b-US$6,973,244,861.008.4x-43.2x1x
Thu, 05 Oct 2023US$272.9bUS$301.1b-US$2,062,132,409.008.7x-132.3x0.9x
Sat, 02 Sep 2023US$290.0bUS$301.1b-US$2,059,835,663.0010.3x-140.8x1x
Mon, 31 Jul 2023US$282.7bUS$301.4bUS$6.6b11.5x42.6x0.9x
Wed, 28 Jun 2023US$305.1bUS$302.2bUS$9.5b12.5x32x1x
Fri, 26 May 2023US$301.0bUS$302.2bUS$9.5b10.2x31.6x1x
Sun, 23 Apr 2023US$327.1bUS$303.7bUS$11.2b12.9x29.2x1.1x
Tue, 21 Mar 2023US$328.9bUS$303.1bUS$12.0b13.6x27.5x1.1x
Price to Earnings Ratio

27.5x


Total Market Cap: US$328.9bTotal Earnings: US$12.0bTotal Revenue: US$303.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 1.6x202420252026
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 11.3x which is higher than its 3-year average PE of 1.6x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 62% per year over the last three years.
  • Revenues for these companies have grown 10% 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-1.64%
Telecom-1.43%
Telecom Services and Carriers-2.18%
Alternative Carriers-1.82%
Integrated Telecom Services-2.21%
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 16.7x.
    • Analysts are expecting annual earnings decline of 1.2%, which is lower than the prior year's growth of 34.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 94% over the next 5 years.
  • This is better than its past earnings growth rate of 43% 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
VZ Verizon CommunicationsUS$51.380.5%
+US$1.1b		17.9%PE12.6x
GSAT GlobalstarUS$58.684.0%
+US$288.0m		175.1%PS27.6x
IRDM Iridium CommunicationsUS$24.863.5%
+US$89.2m		-9.9%PE22.8x
TSAT TelesatUS$34.4311.6%
+US$53.1m		35.8%PS1.5x
IHS IHS HoldingUS$8.201.5%
+US$40.3m		116.9%PE5.9x

Latest News

IDT
US$48.73
IDT
7D
-5.3%
1Y
4.2%
T
US$27.72
AT&T
7D
-3.2%
1Y
4.3%
IRDM
US$24.86
Iridium Communications
7D
3.5%
1Y
-9.9%
LILA
US$7.58
Liberty Latin America
7D
-5.0%
1Y
13.3%

LILA: Future Cash Returns Will Be Balanced By Margin And P/E Uncertainty

Analysts have maintained their price target on Liberty Latin America at $8.00, reflecting slightly updated views on revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: Kept steady at $8.00 per share, indicating no change in the overall valuation anchor.
TSAT
US$34.43
Telesat
7D
11.6%
1Y
35.8%
CMCSA
US$30.16
Comcast
7D
-5.5%
1Y
-14.9%
VZ
US$51.38
Verizon Communications
7D
0.5%
1Y
17.9%

VZ: Fair Value View Will Reflect Cost Cuts And Execution Risks

Narrative Update: Verizon Communications The analyst price target for Verizon Communications edges higher to approximately $50.00, up by a small fraction. Analysts point to firming trends in subscriber additions, cost efficiencies and broadband growth, which are reflected in a slightly higher fair value estimate and a modestly higher assumed future P/E of about 12x.
ASTS
US$86.34
AST SpaceMobile
7D
-3.5%
1Y
206.7%
CCOI
US$18.80
Cogent Communications Holdings
7D
-18.5%
1Y
-72.6%

CCOI: Future Data Center Sales And Refinancing Plans Will Support Recovery

Our updated narrative price target for Cogent Communications Holdings moves lower by about $2.40 to $26.27. This reflects analysts' recent target cuts into the low $20s to $40 range after softer Q4 results, slower waves growth, and uncertainty around planned data center sales and balance sheet outcomes.
ATNI
US$24.49
ATN International
7D
1.3%
1Y
10.4%

ATNI: Higher Profitability Assumptions Will Support Future Upside Potential

Analysts have raised their price target on ATN International from $39 to $69, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio as the key factors behind the revised outlook. Valuation Changes The Fair Value estimate has risen sharply from $39 to $69.0 per share, a change of roughly 77%.
IHS
US$8.20
IHS Holding
7D
1.5%
1Y
116.9%

IHS: MTN Cash Offer Will Anchor Returns And Limit Standalone Upside

Analysts have adjusted their price target on IHS Holding to $8.50, down from $17.00. This reflects the agreed $8.50 per share cash offer from MTN Group and the high level of shareholder support for the proposed merger.
UNIT
US$7.72
Uniti Group
7D
-4.1%
1Y
-6.0%

UNIT: Higher P/E Expectations And Fiber Expansion Will Shape Balanced 2026 Outlook

Analysts have raised their price target on Uniti Group by $1. The updated view reflects changes in their fair value estimate, growth and margin assumptions, and a significantly higher future P/E multiple.
GSAT
US$58.68
Globalstar
7D
4.0%
1Y
175.1%

GSAT: Future Will Depend On De Risked Satellites And Underused Spectrum Balance

Analysts have increased their fair value estimate for Globalstar from $60.00 to $63.00, citing a higher $71 Street price target and the view that the company offers a compelling mix of "de-risked" satellite services supported by Apple and underutilized terrestrial spectrum assets. Analyst Commentary Recent research highlights a mixed but generally constructive stance toward Globalstar.
LUMN
US$6.64
Lumen Technologies
7D
0.3%
1Y
36.3%

LUMN: Balance Sheet Repair And Cost Cuts Will Support Re Rating

Our updated Lumen Technologies price target moves modestly higher by a few dollars, as analysts balance mixed rating changes with expectations for slightly less severe revenue contraction, a similar margin profile, and a higher assumed future P/E multiple, supported by recent balance sheet repair and cost cutting progress. Analyst Commentary Recent Street research around Lumen paints a mixed but generally constructive picture, as several bullish analysts lift their price targets while one firm takes a more cautious stance with a downgrade.
LBTY.A
US$12.18
Liberty Global
7D
-2.9%
1Y
5.8%

LBTY.A: Future Infrastructure Deals And Cash Returns Will Support Upside

Analysts have nudged their price target for Liberty Global up by $1 to $14, citing refreshed forecasts and valuation work following the latest company results. Analyst Commentary Bullish analysts see the updated US$14 price target as a reflection of refreshed modeling work after the latest results, rather than a major shift in view.
NXPL
US$0.47
NextPlat
7D
8.5%
1Y
-52.6%

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Jan 29
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