BCE Inc T.BCE

BMO on CRTC Decision/BCE Reaction

[Dibah420]

BMO on BCE's Response to Interim FTTH Decision

MT Newswires - Nov 07, 2023 2:49 PM EST

02:49 PM EST, 11/07/2023 (MT Newswires) -- The CRTC released an interim decision mandating access to telco fibre networks in Ontario and Quebec with interim rates. The decision is temporary and a formal hearing will begin in Feb-24.

In reaction to the decision, BCE announced network investment reductions of over $1 billion and a ~700k homes reduction in FTTH passings (to 8.3mm) through 2025.

"We do not believe the decision will materially increase wholesaler market share, but still see the outcome as a notional negative for BCE," writes BMO's Tim Casey.

Maintain Outperform, $58 target.

Price: 53.75, Change: -0.45, Percent Change: -0.83

[BlueDawn]

  if you look at the analysis back here they still loved the stock

[spacegimp]

i know right ,gotta love those price targets  ...lol

[ztransforms173]

- ANYBODY who USES SELL-SIDE analyst's share PRICE TARGETS ALONE is a RECKLESS MUPPET BEGGING to BE WEALTH-EXTRACTED z173

[ztransforms173]

- OBVIOUSLY MEANT in the CONTEXT of USING THEM as TOOLS for EQUITY INVESTMENT DECISIONS z173

[BlueDawn]

  this is just a few months later did you notice the multiple downgrade. That's a tool used to justify the stock price projection.  EBITDA multiple. the current share price has an EV:EBITDA multiple of 6.5. https://ca.investing.com/news/stock-market-news/bmo-downgrades-bce-stock-on-competitive-pressures-in-quebec-and-media-sector-93CH-3330405 Tuesday, BCE (TSX:BCE