BCE Inc T.BCE.PR.E

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

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 > John Zechner - BNN - TOP PICK

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Post by Possibleidiot01on Aug 13, 2024 2:18pm

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Post# 36176995

John Zechner - BNN - TOP PICK

BCE (BCE TSX)

BNN Bloomberg is owned by Bell Media, which is a division of BCE.

BCE, along with the rest of the telecom sector and other high dividend yield sectors, has seriously lagged the overall market move since the beginning of the interest rate increase cycle in 2022. Telecom stocks had the additional negative due to the addition of a legitimate fourth player in the wireless sector and the worries about an impending price war and less subscriber growth due to more limited immigration growth. BCE has suffered the most due to its lower free cash flow generation as it continues to spend on network upgrades. We see limited downside in valuation and expect the nine per cent dividend yield to add further support. Meanwhile, cash flows should continue to grow as traffic volumes expand on both higher streaming activity and the implementation of large language models for AI. Finally, the telecom industry should be a huge beneficiary of the cost reductions available from wide-scale AI implementation as they communicate more efficiently with their customers.

stockchase.com

TOP PICK

Fundamentals have been sloppy and there's growing competition. They're spending more on capex which hits cash flow. Pays a 8.5% dividend though there are fears of a cut; he doubts that. Valuation is at the low end historically while free cash flows are growing. Will benefit from AI integration. Be a little patient and collect the dividend as you wait.

(Analysts’ price target is $50.04)

telephone utilities

$47.100