Added to YB: 2024-06-18
Pitch date: 2024-06-17
BCE [bullish]
BCE Inc.
-18.47%
current return
Author Info
No bio for this author
Company Info
BCE Inc., a communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.
Market Cap
CAD 29.9B
Pitch Price
CAD 28.96
Price Target
44.00 (+86%)
Dividend
5.45%
EV/EBITDA
7.75
P/E
4.80
EV/Sales
3.03
Sector
Diversified Telecommunication Services
Category
dividend
BCE: The Canadian Bell Rings With 8.9% Dividend Yield + 3 High Yield Telecommunication Stocks - ATT, Verizon, And Vodafone
BCE: Canadian telecom giant w/ 8.9% yield. Profits down 16% in Q1 due to higher depreciation & interest costs. Revenues slightly up from new mobile phones & internet subs. Workforce cuts in 2023 should boost cash flows. Risks: increased regulation, 4th competitor, legacy services exposure. Tailwinds: immigration, funded pensions, customer reliance on wireless/broadband. Dividend well-covered by cash flows at 5.37x P/OCF. Mgmt committed to dividend. Trades at 14.29x P/E, below 17.44x normal. Buy for income.
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