04:42:16 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 840,330,353
Close 2015-01-29 C$ 58.31
Market Cap C$ 48,999,662,883
Recent Sedar Documents

FP says BMO managers recommend avoiding BCE, rivals

2015-01-30 08:33 ET - In the News

Also In the News (C-RCI) Rogers Communications Inc
Also In the News (C-SJR) Shaw Communications Inc
Also In the News (C-T) Telus Corp (2)

The Financial Post reports in its Friday, Jan. 30, edition that BMO Global Asset Management managers Lutz Zeitler and Philip Harrington recommend selling Canadian telcos. The Post's Jonathan Ratner writes in the Buy & Sell column that the two managers oversee the $4.4-billion BMO Dividend Fund. The managers say they reduced their exposure in recent months. The managers still have some exposure to the Canadian telecom sector, but have been cutting back as valuations look more stretched. Mr. Harrington says: "Money has been flowing out of energy and into defensive-yielding spaces like telecom, utilities and food staples. ... Stock prices look expensive relative to the expected growth." In their general outlook on where to invest, the managers recommend the United States. The managers have boosted their weighting in U.S. stocks over the past few years. The portfolio managers are also attracted by the better relative prospects for U.S. economic growth -- everything from consumer debt levels and corporate growth potential to improving labour and housing markets. Mr. Zeitler says, "We look for individual securities, but the macro environment certainly made it easier to make that decision to invest in the U.S."

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