11:58:20 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,283,103
Close 2024-10-11 C$ 45.45
Market Cap C$ 41,463,267,031
Recent Sedar Documents

Globe says Desjardins's Dubreuil keeps BCE at "hold"

2024-10-11 08:12 ET - In the News

The Globe and Mail reports in its Friday, Oct. 11, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "hold" call on BCE. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil gave his share target a $2 trim to $51. Analysts on average target the shares at $49.69. Mr. Dubreuil says in a note: "We believe the Maple Leaf Sports & Entertainment (MLSE) transaction, wherein BCE sold its stake in the entertainment company to Rogers Communications, was a positive for the name; however, we believe BCE's growth prospects remain too low for it to trade at a premium to Rogers. Recent comments by BCE lead us to believe that there will be limited change to the top-line trajectory as a result of its transition 'from telco to techco.' On the bright side, recent interest rate cuts, coupled with our expectation that the dividend will not be cut in the foreseeable future, should protect the downside." The Globe reported on Aug. 2 that Mr. Dubreuil had reiterated his "hold" recommendation for BCE. The shares were then going for $47.60.

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