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U.S. Telecom Services and Carriers Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies58
  • 7D-14.0%
  • 3M-13.3%
  • 1Y-7.6%
  • YTD-4.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 14%, driven by a pullback from Space Exploration Technologies of 17%. Overall the industry is down 9.0% in 12 months. Looking forward, earnings are forecast to grow by 55% 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, 27 Jun 2026US$2.5tUS$426.6bUS$41.4b17.4x60.5x5.9x
Mon, 25 May 2026US$543.7bUS$410.2bUS$51.3b14.2x10.6x1.3x
Wed, 22 Apr 2026US$547.2bUS$406.6bUS$51.3b12.6x10.7x1.3x
Fri, 20 Mar 2026US$564.7bUS$406.4bUS$50.8b13.4x11.1x1.4x
Sun, 15 Feb 2026US$577.0bUS$406.3bUS$55.9b9.7x10.3x1.4x
Tue, 13 Jan 2026US$518.0bUS$410.1bUS$61.1b9.3x8.5x1.3x
Thu, 11 Dec 2025US$403.8bUS$284.0bUS$38.4b9.2x10.5x1.4x
Sat, 08 Nov 2025US$404.3bUS$287.6bUS$38.0b11.5x10.6x1.4x
Mon, 06 Oct 2025US$439.9bUS$286.5bUS$25.5b14.8x17.3x1.5x
Wed, 03 Sep 2025US$449.2bUS$286.4bUS$25.5b15.5x17.6x1.6x
Fri, 01 Aug 2025US$427.7bUS$286.2bUS$28.9b15.5x14.8x1.5x
Sun, 29 Jun 2025US$423.8bUS$282.4bUS$27.5b17.2x15.4x1.5x
Tue, 27 May 2025US$417.7bUS$282.3bUS$27.5b16.8x15.2x1.5x
Thu, 24 Apr 2025US$414.9bUS$283.1bUS$29.4b13x14.1x1.5x
Sat, 22 Mar 2025US$419.2bUS$281.8bUS$28.2b10.6x14.9x1.5x
Mon, 17 Feb 2025US$402.4bUS$284.5bUS$22.8b17.3x17.7x1.4x
Wed, 15 Jan 2025US$358.6bUS$283.6bUS$13.1b18.2x27.3x1.3x
Fri, 13 Dec 2024US$389.8bUS$284.8bUS$12.9b19x30.2x1.4x
Sun, 10 Nov 2024US$374.5bUS$281.4bUS$13.4b19.1x27.9x1.3x
Tue, 08 Oct 2024US$383.3bUS$281.4bUS$21.2b18.3x18.1x1.4x
Thu, 05 Sep 2024US$365.1bUS$281.4bUS$21.2b18.8x17.2x1.3x
Sat, 03 Aug 2024US$347.5bUS$281.2bUS$22.6b21.1x15.4x1.2x
Mon, 01 Jul 2024US$341.5bUS$281.1bUS$22.7b23.2x15.1x1.2x
Wed, 29 May 2024US$322.0bUS$281.1bUS$22.7b27.1x14.2x1.1x
Fri, 26 Apr 2024US$311.6bUS$281.7bUS$21.5b26.8x14.5x1.1x
Sun, 24 Mar 2024US$319.1bUS$281.7bUS$22.5b26.3x14.2x1.1x
Tue, 20 Feb 2024US$323.0bUS$283.8bUS$21.0b21.5x15.4x1.1x
Thu, 18 Jan 2024US$319.0bUS$300.0b-US$7,362,410,382.0015.8x-43.3x1.1x
Sat, 16 Dec 2023US$313.4bUS$300.0b-US$7,362,237,819.0012.4x-42.6x1x
Mon, 13 Nov 2023US$296.7bUS$300.0b-US$7,139,916,405.009x-41.6x1x
Wed, 11 Oct 2023US$275.8bUS$301.1b-US$2,062,115,337.008.7x-133.7x0.9x
Fri, 08 Sep 2023US$283.6bUS$301.1b-US$2,065,995,934.0010x-137.3x0.9x
Sun, 06 Aug 2023US$272.9bUS$300.5b-US$2,508,115,252.0011.7x-108.8x0.9x
Tue, 04 Jul 2023US$310.5bUS$302.2bUS$9.5b12.3x32.5x1x
Price to Earnings Ratio

32.5x


Total Market Cap: US$310.5bTotal 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 0.6x202420252026
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 60.5x which is higher than its 3-year average PE of 0.60x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 63% 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 Market-2.65%
Telecom-8.46%
Telecom Services and Carriers-14.02%
Integrated Telecom Services2.97%
Alternative Carriers-16.90%
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 15.3x.
    • Analysts are expecting annual earnings growth of 0.6%, which is higher than its past year's earnings decline of 2.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 66% 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
T AT&TUS$22.723.2%
+US$4.9b		-19.1%PE7.4x
VZ Verizon CommunicationsUS$46.542.6%
+US$4.9b		10.0%PE11.2x
CMCSA ComcastUS$23.173.3%
+US$2.6b		-34.4%PE4.4x
LILA Liberty Latin AmericaUS$7.1348.5%
+US$469.3m		19.0%PS0.3x
ATEX AnterixUS$89.6720.3%
+US$338.7m		249.2%PE19.3x

Latest News

IRDM
US$43.52
Iridium Communications
7D
-2.4%
1Y
44.9%
ATEX
US$89.67
Anterix
7D
20.3%
1Y
249.2%
T
US$22.72
AT&T
7D
3.2%
1Y
-19.1%
UNIT
US$11.07
Uniti Group
7D
-4.9%
1Y
57.0%
BAND
US$56.90
Bandwidth
7D
10.7%
1Y
273.1%
Narrative Update • Jun 25

BAND: AI Infrastructure Momentum Will Eventually Collide With Rich Equity Pricing

Analysts have kept their $38.00 price target on Bandwidth unchanged, citing only modest adjustments to revenue growth, profit margin and future P/E assumptions that broadly offset one another in their valuation work. What’s in the News for Bandwidth Bandwidth reported Q1 2026 revenue of US$209 million, up 20% year over year, with adjusted EBITDA of US$26 million and a return to GAAP net income of US$4.1 million, which topped analyst expectations on revenue and EBITDA (Source: "Bandwidth Reports Record Q1 2026 Revenue and Expands Salesforce Partnership, Raising Full-Year Outlook").
ASTS
US$71.45
AST SpaceMobile
7D
-11.4%
1Y
44.8%
SPCX
US$153.23
Space Exploration Technologies
7D
-17.2%
1Y
n/a
Seeking Alpha • Jun 24

Market Brief: SpaceX's -35% One-Week Erased More Wealth Than Most Billionaires Ever Built

Summary SpaceX’s 35% one-week drop erased more than $600 billion in market value, exposing how crowded the post-IPO trade had become. The correction may not be over, as retail FOMO and institutional profit-taking could still drive a deeper pullback. At the same time, crypto is facing a historic liquidity crisis as capital continues to rotate into AI, semiconductors, and SpaceX. Read the full article on Seeking Alpha
SHEN
US$15.45
Shenandoah Telecommunications
7D
9.0%
1Y
12.9%
Narrative Update • Jun 24

SHEN: Rural Broadband Expansion And Bullish Coverage Will Support Future Upside

Analysts have revised their price target for Shenandoah Telecommunications to $27.50. While the fair value estimate remains at $27.50, the updated assumptions reflect a slightly lower discount rate, adjusted profit margin expectations, and a higher future P/E multiple supported by recent bullish research coverage.
GSAT
US$80.25
Globalstar
7D
-0.2%
1Y
240.9%
Seeking Alpha • Jun 24

Globalstar: The Amazon Deal Caps The Upside, So I'm Staying On Hold

Summary Amazon agreed to acquire Globalstar for $90 per share consideration, shifting the thesis from satellite growth to deal completion. With the stock near $80, most of the deal premium already appears priced in, leaving roughly 12% upside to the offer price. Globalstar’s standalone business is improving, with Q1 revenue up 17% year over year to $70.1 million. Deal risks include regulatory approval, satellite milestone completion, and a capped $110M potential price cut; only 40% of shares can take cash. Read the full article on Seeking Alpha
CCOI
US$13.41
Cogent Communications Holdings
7D
-5.5%
1Y
-72.2%
Narrative Update • Jun 24

CCOI: Data Center Sale And Tighter Margins Will Sustain A More Cautious View

Analysts have trimmed their price targets on Cogent Communications Holdings to a range of about $20 to $22. They cite a higher discount rate, more conservative profit margin assumptions, and the view that the recent $225m data center sale catalyst has now played out.
CMCSA
US$23.17
Comcast
7D
3.3%
1Y
-34.4%
LILA
US$7.13
Liberty Latin America
7D
48.5%
1Y
19.0%
VZ
US$46.54
Verizon Communications
7D
2.6%
1Y
10.0%
Narrative Update • Jun 23

VZ: Convergence Execution And Customer Offers Will Drive Future Cash Flow

Verizon Communications' analyst price target has been nudged higher to about $51.90, reflecting modestly improved valuation as analysts weigh a slightly lower discount rate against ongoing execution questions and mixed sector views from recent research coverage. Analyst Commentary Recent Street research on Verizon Communications points to a mixed setup, with some analysts highlighting improving earnings quality and others focusing on slower growth relative to peers and execution risk around convergence.
TSAT
US$42.13
Telesat
7D
-7.6%
1Y
75.2%
LUMN
US$8.08
Lumen Technologies
7D
-1.5%
1Y
79.2%
Narrative Update • Jun 17

LUMN: Stock Will Rely On Execution As Modest Model Shifts Balance Risks

The analyst price target for Lumen Technologies has increased by a few dollars, with analysts generally citing updated assumptions around discount rates, revenue trends, margins, and a higher future P/E multiple as support for the new dollar-based targets. Analyst Commentary Recent research updates on Lumen Technologies focus on how revised assumptions for discount rates, revenue trends, margins, and future P/E multiples feed into valuation, rather than on any single short term trading call.
GLIB.A
US$22.90
Liberty Capital
7D
9.0%
1Y
n/a