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U.S. Telecom Sector Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies503
  • 7D0.5%
  • 3M5.7%
  • 1Y25.8%
  • YTD1.2%

Over the last 7 days, the Telecom industry has remained flat, although notably Meta Platforms gained 4.3%. As for the the longer term, the industry is up 26% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the U.S. Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026US$7.8tUS$1.7tUS$283.0b16.4x27.5x4.7x
Sun, 21 Dec 2025US$7.7tUS$1.6tUS$280.9b16.4x27.4x4.7x
Tue, 18 Nov 2025US$7.2tUS$1.6tUS$285.5b16.6x25.3x4.4x
Thu, 16 Oct 2025US$7.3tUS$1.6tUS$286.1b18x25.4x4.5x
Sat, 13 Sep 2025US$7.4tUS$1.6tUS$286.1b20.7x25.8x4.6x
Mon, 11 Aug 2025US$6.9tUS$1.6tUS$285.6b20.7x24.2x4.2x
Wed, 09 Jul 2025US$6.6tUS$1.6tUS$250.2b17.8x26.4x4.1x
Fri, 06 Jun 2025US$6.3tUS$1.6tUS$249.9b17.4x25.3x3.9x
Sun, 04 May 2025US$5.9tUS$1.6tUS$245.7b16.7x24x3.7x
Tue, 01 Apr 2025US$5.7tUS$1.6tUS$227.4b17.8x25x3.6x
Thu, 27 Feb 2025US$6.2tUS$1.6tUS$225.2b17.7x27.6x3.9x
Sat, 25 Jan 2025US$6.3tUS$1.6tUS$190.6b18.8x33.3x4x
Mon, 23 Dec 2024US$6.1tUS$1.6tUS$189.6b17.8x32.2x3.9x
Wed, 20 Nov 2024US$5.9tUS$1.6tUS$189.7b20x31x3.7x
Fri, 18 Oct 2024US$5.6tUS$1.5tUS$188.2b18.5x30x3.7x
Sun, 15 Sep 2024US$5.3tUS$1.5tUS$188.1b18.7x28.2x3.4x
Tue, 13 Aug 2024US$5.3tUS$1.5tUS$189.8b21x27.8x3.4x
Thu, 11 Jul 2024US$5.7tUS$1.5tUS$191.3b17.3x29.6x3.7x
Sat, 08 Jun 2024US$5.4tUS$1.5tUS$191.0b15.3x28.3x3.5x
Mon, 06 May 2024US$5.1tUS$1.5tUS$194.6b18.5x26.3x3.4x
Wed, 03 Apr 2024US$5.1tUS$1.5tUS$176.1b19x29x3.4x
Fri, 01 Mar 2024US$4.8tUS$1.5tUS$174.2b18.2x27.6x3.2x
Sun, 28 Jan 2024US$5.0tUS$1.5tUS$145.5b15.1x34.2x3.3x
Tue, 26 Dec 2023US$4.6tUS$1.5tUS$127.9b15.6x36.3x3x
Thu, 23 Nov 2023US$4.5tUS$1.5tUS$127.3b16.3x35.3x3x
Sat, 21 Oct 2023US$4.3tUS$1.5tUS$102.5b14.9x41.8x2.9x
Mon, 18 Sep 2023US$4.3tUS$1.5tUS$104.4b14.1x41.6x2.9x
Wed, 16 Aug 2023US$4.3tUS$1.5tUS$103.8b14.8x41x2.8x
Fri, 14 Jul 2023US$4.3tUS$1.5tUS$106.8b16.5x40.3x2.9x
Sun, 11 Jun 2023US$4.1tUS$1.5tUS$107.1b15.8x37.9x2.7x
Tue, 09 May 2023US$3.8tUS$1.5tUS$107.0b16x35.5x2.6x
Thu, 06 Apr 2023US$3.8tUS$1.5tUS$115.4b16.8x32.8x2.5x
Sat, 04 Mar 2023US$3.5tUS$1.5tUS$113.7b19.3x31.1x2.4x
Mon, 30 Jan 2023US$3.6tUS$1.5tUS$141.3b19x25.8x2.5x
Price to Earnings Ratio

25.8x


Total Market Cap: US$3.6tTotal Earnings: US$141.3bTotal Revenue: US$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Sector Price to Earnings3Y Average 30.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 30.5x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 3.9% 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 sector?

US Market-0.28%
Telecom0.52%
Telecom Services and Carriers2.03%
Interactive Media and Services1.26%
Media0.30%
Wireless Telecom-1.82%
Entertainment-3.28%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings growth of 0.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 7.7% per year.
  • In contrast, the Telecom Services and Carriers 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
META Meta PlatformsUS$647.634.3%
+US$67.6b		1.8%PE27.9x
GOOGL AlphabetUS$330.540.2%
+US$6.5b		65.1%PE32.1x
CMCSA ComcastUS$29.235.1%
+US$5.1b		-22.3%PE4.7x
BIDU BaiduUS$162.528.8%
+US$4.5b		96.8%PE46.3x
ASTS AST SpaceMobileUS$116.3714.9%
+US$4.2b		487.7%PS1763.6x

Latest News

T
US$23.58
AT&T
7D
-0.6%
1Y
4.7%
RBLX
US$74.70
Roblox
7D
-11.8%
1Y
11.3%
ASTS
US$116.37
AST SpaceMobile
7D
14.9%
1Y
487.7%

AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be

Jan 22
AST SpaceMobile, Inc. (NASDAQ:ASTS) Analysts Are More Bearish Than They Used To Be
BIDU
US$162.52
Baidu
7D
8.8%
1Y
96.8%
RDDT
US$214.54
Reddit
7D
-6.2%
1Y
17.9%
NFLX
US$83.54
Netflix
7D
-5.1%
1Y
-15.2%
TME
US$16.04
Tencent Music Entertainment Group
7D
-3.4%
1Y
45.2%

TME: Future Margin Debate Will Shape Upside After Recent Selloff

Analysts have trimmed their fair value estimate for Tencent Music Entertainment Group from US$23.15 to about US$21.77, reflecting lower long term earnings assumptions and a more cautious view on margin trends, even as they continue to highlight resilient user monetization and limited impact so far from Bytedance's Soda Music. Analyst Commentary Recent research updates around Tencent Music show a split in views, but there is a clear pocket of caution you should be aware of.
CMCSA
US$29.23
Comcast
7D
5.1%
1Y
-22.3%

CMCSA: Broadband Reset And Versant Spin Off Will Reshape Future Returns

Analysts have trimmed their fair value estimate for Comcast from about $49.43 to $43.62, reflecting lower assumed revenue growth, a slightly higher discount rate, and a reset future P/E multiple following mixed rating changes, reduced price targets, and the impact of the Versant spin off. Analyst Commentary Recent research on Comcast has shifted toward a more cautious stance overall, with several firms cutting price targets and rethinking growth assumptions following the Versant spin off, rising broadband competition, and expectations for higher content costs.
VZ
US$39.48
Verizon Communications
7D
0.3%
1Y
0.8%
SPOT
US$498.64
Spotify Technology
7D
-1.9%
1Y
-0.6%

SPOT: Future Price Increases And Margin Goals Will Drive Rerating Potential

Analysts have trimmed their Spotify Technology price targets, with our fair value estimate moving from US$913.70 to US$889.24. They are factoring in slightly softer margin assumptions, modestly lower growth estimates, and a higher future P/E, while still referencing potential benefits from pricing changes and longer term margin goals.
GOOGL
US$330.54
Alphabet
7D
0.2%
1Y
65.1%

GOOGL: AI Partnerships Are Expected To Drive Multi Year Re Rating

Analysts have raised their implied fair value for Alphabet from about $291 to around $415 per share. This reflects higher assumed revenue growth, profit margins and a richer future P/E multiple as recent research points to growing confidence in Gemini driven partnerships and Google Cloud.
TIGO
US$60.56
Millicom International Cellular
7D
8.1%
1Y
118.9%

TIGO: Elevated Expectations Around Telefonica Chile Bid Will Likely Pressure Future Returns

Analysts have raised their fair value estimate for Millicom International Cellular to US$46.80 from US$36.00, citing updated assumptions on revenue growth, profit margins and a lower forward P/E in light of recent positive research and higher Street price targets. Analyst Commentary Recent research coverage on Millicom International Cellular has leaned supportive, with some high profile firms maintaining constructive views on the shares and on the company´s positioning in Latin America.
TMUS
US$185.39
T-Mobile US
7D
-2.8%
1Y
-14.2%

TMUS: 5G Coverage And Cash Returns Will Support Future Outperformance

The analyst fair value estimate for T-Mobile US has shifted from US$277.08 to US$268.22 as analysts update price targets across the sector, balancing stronger revenue and margin assumptions with a lower future P/E and mixed views on competitive intensity and cash flow growth. Analyst Commentary Recent research on T-Mobile US reflects a mix of optimism around execution and cash generation, alongside more cautious views on valuation, industry competition, and certain cash flow exposures.
META
US$647.63
Meta Platforms
7D
4.3%
1Y
1.8%
LYV
US$138.14
Live Nation Entertainment
7D
-5.2%
1Y
-0.7%
SATS
US$127.97
EchoStar
7D
3.6%
1Y
355.1%

SATS: Future 5G Spectrum Efficiencies And Capital Unit Changes Will Steady Outlook

Analysts have raised their price target for EchoStar from US$90.29 to US$120.71, citing a lower assumed discount rate, slightly firmer profit margins, and a higher future P/E multiple as key drivers of the change. What's in the News AT&T has deployed mid band spectrum it agreed to acquire from EchoStar to nearly 23,000 cell sites across more than 5,300 cities in 48 states, aiming to lift 5G download speeds for mobility customers by up to 80% and for AT&T Internet Air by 55% (Key Developments).