20:36:56 EDT Thu 31 Oct 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,274,264
Close 2024-01-04 C$ 54.30
Market Cap C$ 49,536,492,535
Recent Sedar Documents

Globe says Scotia Capital keeps BCE at "sector perform"

2024-01-05 07:01 ET - In the News

The Globe and Mail reports in its Friday, Jan. 5, edition that Scotia Capital analyst Maher Yaghi has reiterated his "sector perform" recommendation and $57.25 share target for BCE. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $57.16. Mr. Yaghi says in a note: "For BCE Q4 should be a continuation of Q3 trends, i.e., slowing revenue but accelerating EBITDA growth due to lower equipment sales from fewer enterprise project start-ups and improved residential telecom margins. Media revenue growth will likely feel the brunt of difficult comps due to the world cup last year. On KPIs we are expecting similar post paid wireless loading vs Q3 and continued strong take up of the company's FTTH offering. The key focus for us will be on the 2024 guidance. We expect a potential 0- to 4-per-cent growth range on revenues, 1 to 5 per cent on EBITDA and 2 to 6 per cent on FCF. The ultimate wild cards that will affect guidance and the 2024 dividend decision (a 5-per-cent or 2- to 3-per-cent dividend increase) will be ARPU projections on both wireless and wireline and the potential for a significant restructuring initiative."

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