BCE Inc
BCE: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 62.00 | Fxtqq | Wnvkwsnmq |
BCE Earnings: Good Financial Results Come With Signs of Competitive Pressure
BCE had a good third quarter but exhibited some signs that are worth watching. On the positive side, sales and profits are tracking full-year targets, and net customer additions remain strong in wireless and broadband. However, wireless customer churn ticked up significantly in the wake of Quebecor’s entrance as a nationwide competitor, and pressure on average revenue per customer, or ARPU, worsened. We’re adjusting our long-term forecast slightly to reflect the competitive dynamic and reducing our fair value estimate to CAD 65 from CAD 67.