BCE Hits 10-Year Low, Rogers Dips After BMO Turns Sour on Telecom Outlook [Financial Post (Toronto, Ontario, Canada)]
BCE, Inc. (BCE)
Last bce, inc. earnings: 2/6 07:00 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Shares of BCE Inc. tumbled to the lowest in more than a decade and Rogers Communications Inc. suffered its biggest drop of 2024 after BMO Capital Markets published a darker outlook on Canada's telecom sector. Analyst Tim Casey slashed his price target on Rogers to C$65, from C$80, and downgraded BCE and Quebecor Inc. Those three companies, along with Telus Corp., are the dominant players in the country's wireless and cable industry. Article content Article content The prominent telecommunications analyst expects growing competition and lower cable revenue to pressure Rogers' core sales through the third quarter. Meanwhile, in the province of Quebec, a price battle has erupted between BCE and Quebecor, which is pressuring margins. BCE fell 2.5% to C$44.74 as of 2 p.m. in Toronto, the lowest intraday level since October 2013. Rogers and Quebecor
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BCE
News
- No evidence Big Three acting as fibre wholesalers would hurt smaller providers: CRTC [BNN Bloomberg (Canada)]BNN Bloomberg
- BCE's Q1 Earnings Match Estimates, Revenues Decrease Y/Y [Yahoo! Finance]Yahoo! Finance
- BCE Inc. (NYSE:BCE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- How Much Will BCE Pay in Dividends This Year? [Yahoo! Finance Canada]Yahoo! Finance Canada
- It's Currently 8.7%, but Is BCE's Dividend Safe? [Yahoo! Finance Canada]Yahoo! Finance Canada
BCE
Earnings
- 5/2/24 - Beat
BCE
Sec Filings
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- BCE's page on the SEC website