The Financial Post reports in its Thursday edition that BCE shares tumbled to the lowest in more than a decade and Rogers Communications suffered its biggest drop of 2024 after BMO Capital Markets published a darker outlook on Canada's telcos. A Bloomberg dispatch to the Post says that analyst Tim Casey slashed his price target on Rogers to $65, from $80, and downgraded BCE and Quebecor. The analyst expects growing competition and lower cable revenue to pressure Rogers through the third quarter. Meanwhile, in Quebec, a price battle has erupted between BCE and Quebecor, which is pressuring margins. BCE fell 2.5 per cent to $44.74 as of 2 p.m. in Toronto, the lowest intraday level since October, 2013. Rogers and Quebecor were both down about 3 per cent. The other big Canadian telco, Telus, was unchanged at $21.64.