Report
Matthew Dolgin
EUR 100.00 For Business Accounts Only

BCE Remains Our Favorite Canadian Telco After Strong Quarter, but It's Approaching Our CAD 63 FVE

BCE's first-quarter results showed encouraging signs supporting our thesis that it is the best-positioned Canadian telecom firm we cover, with a vastly improving fixed-line network leaving it in a stronger competitive position and a first-rate wireless network that is less susceptible to Shaw's insurgence. With the firm tracking our full-year estimates and maintaining its guidance, we don't plan to make material changes to our forecast, and we don't expect any change to our CAD 63 fair value est...
Underlying
BCE Inc.

BCE is a telecommunications and media company providing wireless, wireline, Internet and television (TV) services to residential, business and wholesale customers in Canada. As of Dec 31 2017, Co. operated three segments: Bell Wireless, which provides wireless voice and data communications products and services; Bell Wireline, which provides data, Satellite TV service and connectivity, and includes Co.'s wholesale business, which buys and sells local telephone, long distance, data and other services from or to resellers and other carriers; and Bell Media, which provides conventional, specialty and pay TV, digital media and radio broadcasting services and out of home advertising services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Dolgin

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