Your email has been successfully added to our mailing list.

×
-0.000912270031929486 -0.00182454006385897 -0.00320814961228543 -0.00532157518625526 -0.00261213319142473 0.00030409001064309 0.00167249505853732 0.00167249505853732
Stock impact report

Canada Telecom Shares Drop on BMO Notes on Rogers, BCE, Quebecor [BNN Bloomberg (Canada)]

BCE, Inc. (BCE) 
Last bce, inc. earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: bce.ca/investors/investoroverview
Company Research Source: BNN Bloomberg
The prominent telecommunications analyst cut Rogers' anticipated stock price to C$65 from C$80, almost a year after the company brought its acquisition of Shaw Communications Inc. to completion. Its shares declined as much as 2.7% to C$53.79 on Tuesday morning and weighed on the telecom sector. Casey expects growing competition and lower cable revenue to pressure Rogers' core revenue through the third quarter, particularly in Quebec. The company has a smaller footprint in the province, where a price battle between legacy wireline firms BCE Inc. and Quebecor Inc. is growing. Casey's call runs counter to some forecasts that Rogers' merger with Shaw will fuel increased cash flow from its cable and Internet business lines. The analyst also downgraded BCE and Quebecor to market perform from outperform, expecting the competitive environment to lead to a slower growth outlook for both companies. The cut sent Quebecor shares falling as much as 5.9% to the lowest level since October. BC Show less Read more
Impact Snapshot
Event Time:
BCE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for BCE alerts
Opt-in for
BCE alerts

from News Quantified
Opt-in for
BCE alerts

from News Quantified