BCE Inc T.BCE.PR.Y

Primary Symbol: T.BCE Alternate Symbol(s): 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.I | BECEF | T.BCE.PR.Z | BCE | T.BCE.PR.J | BCEFF | T.BCE.PR.K | BCEIF | T.BCE.PR.A | T.BCE.PR.L | T.BCE.PR.B | T.BCE.PR.M | BCEPF | T.BCE.PR.C | T.BCE.PR.N

Communication Services Telecom Services

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 voice plans and devices and are available nationally. Its wireline products and services comprise data (including Internet access, Internet protocol television (IPTV), cloud-based services and business solutions), voice, and other communication services and products, which are available to its residential, small and medium-sized businesses and large enterprises customers primarily in Ontario, Quebec, the Atlantic provinces and Manitoba. This segment includes its wholesale business, which buys and sells local telephone, long-distance, data, and other services from or to resellers and other carriers.

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BCE Inc > RBC Has a Much More Positive Outlook on BCE than BMO...

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Comment by JoeBravo1on Apr 02, 2024 3:51pm

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Post# 35965973

RE:RE:RBC Has a Much More Positive Outlook on BCE than BMO...

Anyone else notice how these programs and sites advertise the negative downgrade, yet they fail to advertise the positive reports?

Interesting isn't it?

JoeBravo1 wrote: This should definitely help fundamentals as on top of the $250 million in labour savings next year, BCE will save $1 Billion by reducing Capex spending.

Reducing capital expenditures and fibre expansion
Bell announced its intention to reduce capital expenditures by over $1 billion in 2024-25, including a minimum of $500 million in 2024, and roll back fibre network expansion as a result of federal government policies and the CRTC's wholesale access rate decision that discourages network investment. Bell will also cap fibre speeds at three-gigabits per second. In Q4 2023, Bell reduced its capital investment by $105 million more than originally planned as a direct result of this decision.

JoeBravo1 wrote: Thanks goes out to HB77. FWIW, 11 out of 12 Analysts differ from BMO. Don't let 1 bad apple spoil the whole bunch...

Sector Perform TSX: BCE; CAD 46.03; NYSE: BCE Price Target CAD 57.00

March 31, 2024

BCE Inc. Company description

BCE is Canada’s largest telecom services company and one of the country’s largest corporations. BCE provides local, long distance, wireless, satellite, television, and Internet services across Canada. BCE has a 100% stake in Bell Media, Canada’s largest integrated media company.

Investment summary

We believe BCE is well equipped to navigate a slower revenue environment leaning on a scale advantage, continued FTTH investment and Internet market share gains, the realization of cost efficiencies, and an extensive array of tactical initiatives across wireless, wireline and media. We believe underlying FCF in the current growth environment should continue to support low-single digit dividend growth underpinned by ongoing structural cost efficiencies and what is likely a permanent stepdown in capex following three years of elevated FTTH investment. While we see more attractive growth and valuation set-ups elsewhere in the sector at the moment, we continue to view BCE as a higher-quality core holding that is well positioned to benefit from network convergence and long-term growth in 5G B2B (IoT, MEC, private network, cloud, security).

Potential catalysts for the stock

• Increased visibility on wireless competition
• Acceleration in wireline data growth driven by Internet penetration and improved business market conditions
• Greater-than-expected cost efficiencies
• A greater-than-expected revenue contribution from 5G
• A decline in bond yields