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BCE has been downgraded by Barclays from a "hold" to a "strong sell" rating, with several analysts lowering their target prices. Currently, BCE holds an average rating of "Hold" with a price target of C$41.88, while its shares traded at C$33.46, reflecting a challenging market outlook. The company reported a quarterly EPS of C$0.75, missing estimates, and has a market cap of C$30.52 billion.
Barclays has downgraded Rogers Communications to "Equal Weight" and BCE Inc to "Underweight" due to ongoing challenges in Canada's telecom sector, including price wars and weak growth. The competitive landscape, exacerbated by aggressive pricing strategies and lower immigration levels, has left the sector vulnerable, with concerns over high leverage and unsustainable dividends. Despite recent sell-offs, Canadian telcos continue to trade at a premium compared to their U.S. counterparts, indicating limited optimism for recovery.
BCE Inc., a Canadian communications company, has 41.46% of its stock owned by hedge funds and institutional investors. The company operates in wireless, wireline, Internet, and TV services, and recently announced a quarterly dividend increase to $0.737, yielding 12.60%. Analysts currently rate BCE as a "Hold," with a consensus price target of $45.00, while institutional investors have shown increased interest, with notable stakes raised by several firms in the third quarter.
BCE operates through two segments: Bell Communication and Technology Services, and Bell Media, offering a range of wireless, wireline, and satellite TV services to various customer segments in Canada. The stock has received mixed ratings from analysts, with a current average rating of "Hold" and a price target of $45.00. Recently, institutional investors have increased their stakes, owning 41.46% of the company's stock.
The average NHL team is now valued at $1.92 billion, reflecting a significant rise due to steady revenue growth, a hard salary cap, and a revenue-sharing system. For the 2023-24 season, the league"s hockey-related revenue reached $6.3 billion, an 8.6% increase from the previous year, with record national sponsorship and gate receipts contributing to improved profitability across all franchises.
BCE Inc., Canada’s largest telecommunications company, is expanding into the U.S. market with a $3.6 billion acquisition of Northwest Fiber LLC, which operates as Ziply Fiber. This deal will enhance BCE's presence in the Pacific Northwest, adding 1.3 million fiber locations across Washington, Oregon, Idaho, and Montana.
Blackstone Inc. is nearing a C$7 billion ($5 billion) deal to acquire a minority stake in parts of Rogers Communications Inc.'s wireless infrastructure. This structured-equity transaction aims to help Rogers manage its debt as it pursues a 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc.
BCE Inc.
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13:59 20.11.2024
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00:24 31.10.2024
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