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BCE Inc T.BCE

Alternate Symbol(s):  BCE | T.BCE.PR.A | BCPPF | T.BCE.PR.B | T.BCE.PR.C | BCEPF | T.BCE.PR.D | T.BCE.PR.E | 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

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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Post by maplakon Sep 30, 2024 3:24pm
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Post# 36247230

Sorry

Sorry
BCE Downgraded to Sector Perform, Target Trimmed to $48, at National Bank 

MIDNIGHTTRADER - Updated just now 

02:51 PM EDT, 09/30/2024 (MT Newswires) -- BCE has been downgraded to Sector Perform (from Outperform) with price target cut to $48 (from $52) at National Bank.

In his third quarter preview of BCE, National Bank analyst Adam Shine is forecasting revenue of $5,997 million, EBITDA $2,700 million, Adj. EPS $0.75 & FCF $830 million after cutting his estimates which were above Street.

"While we have higher Media expectations given easy comp (Hollywood strike last year), ad boost from Euro 2024 and carriage rate agreements, we now expect even weaker ARPU and loading metrics for CTS [communication and technology segment] amid ongoing competitive industry pricing tactics," Shine notes.

With elevated competitive intensity persisting in Wireless and Bell still aggressively pricing fibre Internet offers, service revenue growth is slowing faster than expected, Shine adds. "Despite a dividend positioned to be safe, we see muted upside to our new target and have thus downgraded our rating."

Price: 47.02, Change: -0.52, Percent Change: -1.09

Don't forget you got to be shuffling....
 

https://youtu.be/KQ6zr6kCPj8?si=qOs_KpiZNPkaWaPy

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