01:32:49 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 840,536,626
Close 2015-05-04 C$ 53.78
Market Cap C$ 45,204,059,746
Recent Sedar Documents

Post says BCE's wireline business seen as growth driver

2015-05-05 09:34 ET - In the News

The Financial Post reports in its Tuesday edition long seen as a risk, BCE's heavy wireline exposure could now prove to be a plus. The Post's Jonathan Ratner, writing in Trading Desk, says the telco's wireline business, which includes its Fibe TV, Internet and home phone offerings, represents nearly 60 per cent of revenue and EBITDA (earnings before interest, taxes, depreciation and amortization). Since this is high relative to BCE's peers, it has hindered the company's growth, as has its underperformance in wireless. RBC analyst Drew McReynolds upgraded BCE to outperform from sector perform, forecasting wireline revenue and EBITDA growth in the low single digits, driven by market share improvements in both residential television and Internet. Mr. McReynolds also expects BCE to lead the way in terms of key wireless metrics, which should translate into high-single-digit EBITDA growth in this area. His forecast for net asset value growth of more than 9 per cent compounded annually through 2017 almost matches that of Cogeco Cable (13 per cent) and Telus (10 per cent). "The momentum runway for BCE looks clear through 2015 and into 2016," the analyst said, raising his price target to $57 from $54.

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