Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Telecom Services and Carriers Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies58
  • 7D3.2%
  • 3M-9.7%
  • 1Y-2.8%
  • YTD15.7%

The Telecom Services and Carriers industry is up 3.2% in the last week, with Verizon Communications up 6.0%. Meanwhile, AST SpaceMobile actually underperformed within the industry, shrinking 12% in the last week. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 57% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$2.6tUS$429.5bUS$42.0b15.1x62.6x6.1x
Tue, 12 May 2026US$525.7bUS$410.2bUS$51.5b13.2x10.2x1.3x
Thu, 09 Apr 2026US$562.9bUS$406.5bUS$51.3b12.8x11x1.4x
Sat, 07 Mar 2026US$594.3bUS$406.5bUS$50.8b10.4x11.7x1.5x
Mon, 02 Feb 2026US$546.4bUS$406.3bUS$55.9b10.9x9.8x1.3x
Wed, 31 Dec 2025US$407.5bUS$286.7bUS$38.5b9.7x10.6x1.4x
Fri, 28 Nov 2025US$408.0bUS$284.0bUS$38.4b8.9x10.6x1.4x
Sun, 26 Oct 2025US$407.2bUS$287.0bUS$35.0b11.5x11.6x1.4x
Tue, 23 Sep 2025US$444.0bUS$286.5bUS$25.5b15.6x17.4x1.5x
Thu, 21 Aug 2025US$447.2bUS$286.4bUS$25.5b14.9x17.5x1.6x
Sat, 19 Jul 2025US$421.3bUS$282.4bUS$27.5b15.6x15.3x1.5x
Mon, 16 Jun 2025US$427.7bUS$282.4bUS$27.5b17.3x15.5x1.5x
Wed, 14 May 2025US$414.6bUS$282.3bUS$27.4b16.2x15.1x1.5x
Fri, 11 Apr 2025US$414.0bUS$282.0bUS$28.1b13.9x14.7x1.5x
Sun, 09 Mar 2025US$433.3bUS$281.4bUS$28.2b11.1x15.4x1.5x
Tue, 04 Feb 2025US$377.2bUS$284.5bUS$22.8b16.2x16.6x1.3x
Thu, 02 Jan 2025US$375.6bUS$283.7bUS$13.1b18.8x28.6x1.3x
Sat, 30 Nov 2024US$398.4bUS$281.4bUS$13.3b20.2x30.1x1.4x
Mon, 28 Oct 2024US$371.9bUS$281.2bUS$16.1b18.2x23.1x1.3x
Wed, 25 Sep 2024US$380.4bUS$281.4bUS$21.2b18.8x18x1.4x
Fri, 23 Aug 2024US$352.9bUS$281.4bUS$21.2b18.7x16.7x1.3x
Sun, 21 Jul 2024US$345.1bUS$281.1bUS$22.7b23.7x15.2x1.2x
Tue, 18 Jun 2024US$322.8bUS$281.1bUS$22.7b25.7x14.2x1.1x
Thu, 16 May 2024US$323.6bUS$281.0bUS$22.7b27.3x14.3x1.2x
Sat, 13 Apr 2024US$314.9bUS$281.7bUS$22.5b26.8x14x1.1x
Mon, 11 Mar 2024US$319.0bUS$283.8bUS$20.8b26.4x15.3x1.1x
Wed, 07 Feb 2024US$333.9bUS$300.3bUS$8.5b14.9x39.3x1.1x
Fri, 05 Jan 2024US$328.8bUS$300.0b-US$7,362,414,460.0021.3x-44.7x1.1x
Sun, 03 Dec 2023US$318.8bUS$300.0b-US$7,362,654,300.0010.2x-43.3x1.1x
Tue, 31 Oct 2023US$288.3bUS$300.5b-US$4,695,081,687.007x-61.4x1x
Thu, 28 Sep 2023US$277.8bUS$301.1b-US$2,062,137,286.008.3x-134.7x0.9x
Sat, 26 Aug 2023US$278.0bUS$301.1b-US$2,059,825,723.0010.3x-135x0.9x
Mon, 24 Jul 2023US$286.1bUS$302.2bUS$9.5b12.1x30x0.9x
Wed, 21 Jun 2023US$300.9bUS$302.2bUS$9.5b11.5x31.5x1x
Price to Earnings Ratio

31.5x


Total Market Cap: US$300.9bTotal 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 0.2x202420252026
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 62.6x which is higher than its 3-year average PE of 0.17x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 6.1x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 64% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.87%
Telecom-1.86%
Telecom Services and Carriers3.19%
Integrated Telecom Services4.50%
Alternative Carriers-5.68%
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 15.5x.
    • 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 69% 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
VZ Verizon CommunicationsUS$48.116.0%
+US$11.4b		11.9%PE11.6x
T AT&TUS$23.583.6%
+US$5.8b		-16.4%PE7.7x
CMCSA ComcastUS$24.502.9%
+US$2.4b		-30.0%PE4.7x
ATEX AnterixUS$82.5023.8%
+US$312.1m		206.1%PE17.2x
UNIT Uniti GroupUS$12.759.2%
+US$259.8m		87.5%PE2.7x

Latest News

GSAT
US$81.16
Globalstar
7D
-0.4%
1Y
269.7%
IRDM
US$47.32
Iridium Communications
7D
-0.08%
1Y
65.2%
ASTS
US$82.41
AST SpaceMobile
7D
-12.0%
1Y
114.8%
UNIT
US$12.75
Uniti Group
7D
9.2%
1Y
87.5%
Seeking Alpha • 20h

Uniti Group: Growth, Debt Reduction, And A Potential Buyout Should Drive Upside

Summary Uniti Group remains a 'strong buy' following an 81.9% surge post-merger, driven by robust fundamentals and strategic execution. UNIT's merger with Windstream resolved its largest risk, diversified revenue, and accelerated fiber network expansion, notably through the Kinetic segment. Management targets 25-30% consumer fiber revenue growth, leverages low-cost securitization, and plans $1.16–$1.18 billion in Kinetic capex for 2026. Forward valuation remains attractive at 4.6x P/OCF and 8.7x EV/EBITDA, with potential catalysts from asset sales or a buyout. Read the full article on Seeking Alpha
CMCSA
US$24.50
Comcast
7D
2.9%
1Y
-30.0%
ATEX
US$82.50
Anterix
7D
23.8%
1Y
206.1%
T
US$23.58
AT&T
7D
3.6%
1Y
-16.4%
IDT
US$54.63
IDT
7D
-2.6%
1Y
-17.3%
BAND
US$65.34
Bandwidth
7D
-9.5%
1Y
374.9%
Narrative Update • Jun 11

BAND: AI Hype And Earnings Momentum Will Eventually Strain Future Returns

Analysts have lifted their Bandwidth fair value estimate from $15.00 to $38.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a lower future P/E multiple. What's in the News Q1 2026 results showed revenue growth of 19.8% year over year, with adjusted EPS and record adjusted EBITDA above analyst expectations, reinforcing Bandwidth's position as an AI focused voice and communications infrastructure platform.
VZ
US$48.11
Verizon Communications
7D
6.0%
1Y
11.9%
Seeking Alpha • Jun 11

Verizon: A Good Defensive Play In Times Of Market Exuberance

Summary Verizon's stock is showing some signs of resiliency in recent months as other telecom carriers experience downward pressure. In spite of the stock's poor performance during the last bear market in equities, VZ remains a solid defensive play. However, there are some caveats when it comes to future profitability improvements, and investors should be mindful of that. The dividend offers yet another reason to hold VZ, as the 6% yield does not appear to be at any immediate risk. Read the full article on Seeking Alpha
LUMN
US$8.49
Lumen Technologies
7D
-4.7%
1Y
110.1%
Seeking Alpha • Jun 10

Lumen Technologies: Limited AI Detected

Summary Lumen Technologies has surged on AI hype, but core revenues and EBITDA continue to decline sharply. Recent AI hyperscaler deals, including with Anthropic, add minimal recurring revenue—$46 million quarterly versus a shrinking multi-billion dollar base. The stock trades at 6.5x EV/EBITDA, a stretched valuation for a declining telecom, with $11.4 billion net debt and no clear growth turnaround. I remain Bearish; investors should exit LUMN on AI-driven rallies until management demonstrates credible, material growth. Read the full article on Seeking Alpha
CCOI
US$15.86
Cogent Communications Holdings
7D
-5.8%
1Y
-66.2%
Narrative Update • Jun 08

CCOI: Data Center Sale And Deleveraging Plan Will Support Future Margin Expansion

The analyst price target for Cogent Communications Holdings has been revised from $26.18 to $21.27, reflecting analysts' updated views on risk, growth, and valuation after a series of target cuts and ratings changes related to the recent data center sale. Analyst Commentary Recent research updates on Cogent Communications Holdings have tilted more cautious, with several firms revising ratings and price targets following the announcement of the data center sale to I Squared Capital for US$225 million in cash.
LBTY.A
US$12.46
Liberty Global
7D
6.0%
1Y
27.8%
Narrative Update • Jun 05

LBTY.A: Higher P/E Assumptions And Ziggo Group Listing Will Support Future Upside

Analysts have raised their price targets on Liberty Global by about $2 to $3, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research on Liberty Global centers on recalibrated price targets that reflect updated assumptions for fair value, discount rates, revenue trajectories, profit margins and future P/E multiples.
LILA
US$8.16
Liberty Latin America
7D
7.9%
1Y
55.1%
ELWT
US$6.20
Elauwit Connection
7D
-11.4%
1Y
n/a
SIFY
US$16.05
Sify Technologies
7D
10.2%
1Y
276.8%