04:02:28 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 899,470,454
Close 2017-04-25 C$ 61.67
Market Cap C$ 55,470,342,898
Recent Sedar Documents

Globe says Canaccord maintains BCE at "hold"

2017-04-25 07:08 ET - In the News

The Globe and Mail reports in its Tuesday edition that Canaccord analyst Aravinda Galappatthige expects "solid" wireless results from BCE ($61.42) when it releases first quarter financials on Wednesday. The Globe's David Leeder writes that Mr. Galappatthige has projected consolidated EBITDA of $2.213-billion, slightly ahead of the Street's expectation of $2.21-billion and represented growth of 2.3 per cent year over year. His earnings per share estimate of 84 cents is in line with the Street and a cent below last year's result. Mr. Galappatthige says in a note: "While we have not revised up our estimates post the Rogers results, it is clear that the strength we have seen in wireless postpaid subscriber loading is alive and well. Our forecast is 30,000 in postpaid net adds in Q1/17 up from 25,900 last year (consensus of 27,000). However, given the RCI [Rogers Communications] numbers (60,000 in postpaid net adds), there is substantial upside here. In addition to strong subscriber growth, we also expect sector leading 4-per-cent ARPU [average revenue per user] growth for BCE translating to 6.7-per-cent wireless service revenue growth." He rates BCE "hold," with a $60 share target, $1.26 below the consensus.

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