BCE Inc

BCE: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 66.00	Qqrxjt	Jzmslkfxx

BCE Earnings: Strong Subscriber Additions Deliver Solid Profitability Despite Increasing Competition

Samuel Siampaus

Aug 1, 2024

We view BCE’s 2024 second-quarter results favorably as the firm continues to add subscribers and deliver improving profitability in a challenging environment. Pricing promotions and elevated customer defections (churn) continue to challenge the firm, but a renewed focus on cost controls and capital efficiency should offset this pressure. We maintain our CAD 60 per share fair value estimate.

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