The Globe and Mail reports in its Thursday, April 10, edition that RBC Dominion Securities analyst Drew McReynolds says fundamentals for Canada's telecommunications industry are "generally underwhelming" as first quarter earnings season approaches. The Globe's David Leeder writes in the Eye On Equities column that Mr. McReynolds continues to rate BCE "sector perform." Mr. McReynolds cut his share target to $37 from $39. Analysts on average target the shares at $35.12. Mr. McReynolds says in a note: "We look for more timely entry points with the closing of the MLSE and Ziply transactions (H2/25), an associated uptick in revenue and EBITDA growth, and/or greater progress in tracking toward targeted dividend payout and leverage ratios (including additional non-core asset sales and/or infrastructure crystallizations) being potential catalysts for the stock. While the current dividend yield is compelling, until these potential catalysts emerge and until there is more clarity from the board on the company's current dividend policy, we see the stock as largely range bound compounded by a relatively high cost of equity following the pullback in the shares alongside the newly instituted DRIP."