08:18:48 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 897,968,882
Close 2018-05-07 C$ 53.52
Market Cap C$ 48,059,294,565
Recent Sedar Documents

Globe says Desjardins's Yaghi maintains BCE at "hold"

2018-05-07 08:29 ET - In the News

The Globe and Mail reports in its Saturday, May 5, edition that Desjardins Securities analyst Maher Yaghi says BCE's ($53.35) first quarter results failed to surpass its "blockbuster" previous quarter. The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi continues to rate the shares "hold." Mr. Yaghi shaved his share target by a loonie to $61. Analysts on average target the shares at $59.68. Mr. Yaghi says in a note: "Although BCE is a model of consistency, we believe the current relative valuation is too rich for a company that is growing slower than other large telcos in Canada. While BCE's FCF yield is still healthy, we believe opportunities for further FCF growth vectors through acquisitions could become harder to find in the coming years." Elsewhere, Canaccord Genuity analyst Aravinda Galappatthige lowered his share target to $56 from $59 with an unchanged "hold" rating. Mr. Galappatthige says in a note: "We continue to expect mid-single digit wireless EBITDA growth through 2018, based on sustained industry strength. ... Having said that we are starting to see ARPU (now ABPU) starting to ease, not just with BCE, but also at Telus."

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