Bullboard - Stock Discussion Forum BCE Inc T.BCE.PR.L

Primary Symbol: T.BCE Alternate Symbol(s): T.BCE.PR.Z | BCE | T.BCE.PR.J | BCEFF | T.BCE.PR.K | BCEIF | T.BCE.PR.A | T.BCE.PR.B | T.BCE.PR.M | BCEPF | T.BCE.PR.C | T.BCE.PR.N | BCEXF | T.BCE.PR.D | T.BCE.PR.Q | T.BCE.PR.E | BCPPF | T.BCE.PR.R | T.BCE.PR.F | T.BCE.PR.S | T.BCE.PR.G | T.BCE.PR.T | T.BCE.PR.H | T.BCE.PR.Y | T.BCE.PR.I | BECEF

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and... see more

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TSX:BCE - Post Discussion

BCE Inc > UBS

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Post by Dibah420 on May 21, 2024 5:11pm

UBS

UBS Cuts BCE Target to $50, Maintains Neutral Rating

MT Newswires - May 21, 2024 11:59 AM EDT

11:59 AM EDT, 05/21/2024 (MT Newswires) -- UBS is revising its BCE estimates to reflect recent results and increased competitive intensity that is impacting churn and ARPU. "While we expect BCE to benefit from cost control and recent headcount reductions, we expect the company to come in at the low-end of its annual guidance, including flat revenues and ~2% EBITDA growth (prior UBSe 2.7%)."

Along with higher interest, taxes and severance (net of lower capex), FCF is expected to fall 8% yoy to $2.89 billion (prior UBSe $2.95 billion).

Maintain Neutral, target cut to $50, from $55.

Price: 46.63, Change: -0.13, Percent Change: -0.28

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