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U.S. Telecom Services and Carriers Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies57
  • 7D3.5%
  • 3M-2.8%
  • 1Y4.9%
  • YTD9.2%

In the last week, the Telecom Services and Carriers industry is up 3.5%, with AST SpaceMobile up 45%. This means that the industry has gained 4.9% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026US$548.2bUS$410.3bUS$51.3b14.3x10.7x1.3x
Sat, 25 Apr 2026US$543.1bUS$409.0bUS$49.5b12.6x11x1.3x
Mon, 23 Mar 2026US$572.8bUS$406.4bUS$51.3b13.4x11.2x1.4x
Wed, 18 Feb 2026US$577.0bUS$406.3bUS$55.9b9.7x10.3x1.4x
Fri, 16 Jan 2026US$509.2bUS$410.1bUS$61.1b9.6x8.3x1.2x
Sun, 14 Dec 2025US$409.7bUS$284.0bUS$38.4b9.2x10.7x1.4x
Tue, 11 Nov 2025US$407.5bUS$287.6bUS$38.0b11.6x10.7x1.4x
Thu, 09 Oct 2025US$426.7bUS$286.4bUS$25.5b14.4x16.7x1.5x
Sat, 06 Sep 2025US$448.8bUS$286.4bUS$25.5b15.4x17.6x1.6x
Mon, 04 Aug 2025US$430.1bUS$286.5bUS$25.8b15.3x16.7x1.5x
Wed, 02 Jul 2025US$429.1bUS$282.4bUS$27.5b17.7x15.6x1.5x
Fri, 30 May 2025US$417.8bUS$282.3bUS$27.5b16.8x15.2x1.5x
Sun, 27 Apr 2025US$409.4bUS$283.2bUS$29.4b13.1x13.9x1.4x
Tue, 25 Mar 2025US$422.0bUS$281.8bUS$28.2b10.5x15x1.5x
Thu, 20 Feb 2025US$402.5bUS$284.5bUS$22.8b17.4x17.7x1.4x
Sat, 18 Jan 2025US$360.9bUS$283.6bUS$13.1b18.5x27.4x1.3x
Mon, 16 Dec 2024US$391.4bUS$284.8bUS$12.9b19.2x30.3x1.4x
Wed, 13 Nov 2024US$375.4bUS$281.4bUS$13.4b19.1x28x1.3x
Fri, 11 Oct 2024US$382.4bUS$281.4bUS$21.2b18.4x18x1.4x
Sun, 08 Sep 2024US$362.7bUS$281.4bUS$21.2b18.8x17.1x1.3x
Tue, 06 Aug 2024US$345.7bUS$281.3bUS$22.4b17.8x15.4x1.2x
Thu, 04 Jul 2024US$337.7bUS$281.1bUS$22.7b23x14.9x1.2x
Sat, 01 Jun 2024US$326.8bUS$281.1bUS$22.7b27.8x14.4x1.2x
Mon, 29 Apr 2024US$315.1bUS$281.7bUS$21.5b26.8x14.7x1.1x
Wed, 27 Mar 2024US$322.8bUS$281.7bUS$22.5b27.6x14.3x1.1x
Fri, 23 Feb 2024US$325.0bUS$283.8bUS$21.0b21.3x15.4x1.1x
Sun, 21 Jan 2024US$319.4bUS$300.0b-US$7,365,679,509.0013.9x-43.4x1.1x
Tue, 19 Dec 2023US$313.4bUS$300.0b-US$7,362,242,563.0012.5x-42.6x1x
Thu, 16 Nov 2023US$298.0bUS$299.9b-US$7,371,023,907.009.1x-40.4x1x
Sat, 14 Oct 2023US$266.0bUS$301.0b-US$2,071,381,651.008.3x-128.4x0.9x
Mon, 11 Sep 2023US$279.6bUS$301.1b-US$2,065,980,456.009.9x-135.3x0.9x
Wed, 09 Aug 2023US$274.9bUS$300.4b-US$2,609,845,590.0012x-105.3x0.9x
Fri, 07 Jul 2023US$307.6bUS$302.2bUS$9.5b11.8x32.2x1x
Sun, 04 Jun 2023US$291.0bUS$302.2bUS$9.5b10.3x30.6x1x
Price to Earnings Ratio

30.6x


Total Market Cap: US$291.0bTotal 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 0.31x.
  • 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 Market1.27%
Telecom1.24%
Telecom Services and Carriers3.48%
Alternative Carriers25.93%
Integrated Telecom Services0.57%
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$129.6044.7%
+US$12.0b		423.0%PS455.8x
VZ Verizon CommunicationsUS$48.240.9%
+US$1.8b		11.8%PE11.6x
LUMN Lumen TechnologiesUS$10.8716.8%
+US$1.6b		175.9%PS0.9x
CMCSA ComcastUS$25.221.4%
+US$1.2b		-27.2%PE4.8x
IRDM Iridium CommunicationsUS$51.3913.5%
+US$646.0m		100.1%PE51.5x

Latest News

ASTS
US$129.60
AST SpaceMobile
7D
44.7%
1Y
423.0%
Seeking Alpha • 7h

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$52.43
IDT
7D
-0.6%
1Y
-15.3%
BAND
US$56.14
Bandwidth
7D
-3.1%
1Y
280.9%
VZ
US$48.24
Verizon Communications
7D
0.9%
1Y
11.8%
LUMN
US$10.87
Lumen Technologies
7D
16.8%
1Y
175.9%
IRDM
US$51.39
Iridium Communications
7D
13.5%
1Y
100.1%
CCOI
US$21.62
Cogent Communications Holdings
7D
21.7%
1Y
-53.8%
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.
UNIT
US$11.47
Uniti Group
7D
4.7%
1Y
56.8%
Seeking Alpha • May 23

Uniti Group: Fiber Internet With Execution Risks

Summary Uniti Group (UNIT) has stabilized itself a bit, following a merger and shift toward fiber Internet service. Consumer fiber growth continues, but there is a big opportunity in AI hyperscalers. UNIT is aggressively building out to expand fiber to homes and prepare infrastructure for AI inferencing. Already indebted, this increases their balance of debt, making execution very important and voiding near-term hopes that this telecom will pay a dividend. Read the full article on Seeking Alpha
T
US$24.89
AT&T
7D
-0.2%
1Y
-9.5%
IQST
US$1.17
iQSTEL
7D
-8.6%
1Y
-86.9%
CMCSA
US$25.22
Comcast
7D
1.4%
1Y
-27.2%
GSAT
US$84.30
Globalstar
7D
2.2%
1Y
346.0%
ELWT
US$7.29
Elauwit Connection
7D
-6.5%
1Y
n/a
GLIB.A
US$23.15
Liberty Capital
7D
-6.9%
1Y
n/a