04:56:24 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,274,264
Close 2023-10-23 C$ 51.17
Market Cap C$ 46,681,074,089
Recent Sedar Documents

Globe says Yaghi keeps BCE at "sector perform"

2023-10-24 08:29 ET - In the News

The Globe and Mail reports in its Tuesday edition that Scotia Capital analyst Maher Yaghi continues to rate BCE "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi lowered his share target by $3.75 to $57.25. Analysts on average target the shares at $59.20. The Globe says Mr. Yaghi believes wireless performance could be the "home run that turns things around" for Canadian telecommunications companies. Mr. Yaghi says in a note: "We expect BCE's 3Q results to show a slowing trend in revenue growth however, and unlike recent quarters, margins are finally expected to grow y/y lending a hand to improved EBITDA and FCF generation. Recall that in the first six months of the year the company generated only $1.1-billion in FCF vs a yearly guidance of $3.1-billion to $3.4-billion. While we still expect the company to hit the low end of its FCF guidance, all eyes will be focused on this important metric. We expect wireline revenues to show a slight decline year-over-year owning to weakness in enterprise and equipment sales. Wireless on the other hand should continue to enjoy healthy growth supported by strong subscriber growth while we expect ARPU to be flat year-over-year."

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