13:50:02 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 870,198,137
Close 2016-10-19 C$ 60.65
Market Cap C$ 52,777,517,009
Recent Sedar Documents

Van Sun says Rogers's results bode well for BCE, Telus

2016-10-19 07:51 ET - In the News

See In the News (C-RCI) Rogers Communications Inc

The Vancouver Sun reports in its Wednesday edition that it is getting harder for Canadian telcos to stand out from each other, but analysts predict the entire industry will continue to enjoy a boost from factors outside its control. Postmedia's Emily Jackson writes that macro conditions, particularly low oil prices and low government bond yields, have contributed to strong results for all major telecom shares this year, and the trend is expected to continue into the third quarter, analysts from Citi Research and RBC Dominion Securities said in research notes Tuesday. Rogers was first out of the gates early with strong quarterly results on Monday, but its competitors are expected to deliver similarly steady results when they report in two weeks, Citi's Michael Rollins wrote. During the last reporting period, the Big Three easily beat analysts expectations in large part due to strong wireless performance despite continuing problems with cord-cutting. Telco shares tend to move in the opposite direction as oil prices, especially over the medium and long term, so Mr. Rollins is watching for signs to see if recent oil price increases continue. The telcos have outperformed the S&P/TSX composite so far this year.

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