BCE Expands U.S. Presence with Ziply Fiber Acquisition

BCE ( (TSE:BCE) ) has provided an announcement.

BCE Inc. has completed its acquisition of Ziply Fiber for C$5.0 billion, expanding its fibre Internet footprint into the U.S. by 1.4 million locations and reinforcing its position as the third-largest fibre Internet provider in North America. This acquisition, in partnership with the Public Sector Pension Investment Board, allows BCE to potentially reach up to 8 million locations in the U.S., enhancing its strategic growth and providing greater value to customers in both Canada and the U.S. Ziply Fiber will continue to operate independently, maintaining its headquarters in Kirkland, Washington.

The most recent analyst rating on (TSE:BCE) stock is a Hold with a C$36.00 price target. To see the full list of analyst forecasts on BCE stock, see the TSE:BCE Stock Forecast page.

Spark’s Take on TSE:BCE Stock

According to Spark, TipRanks’ AI Analyst, TSE:BCE is a Neutral.

BCE’s score is driven by strong cash flow and strategic growth initiatives in the U.S. Fiber market, but is tempered by high leverage and valuation concerns. The dividend cut and revenue challenges highlight the need for cautious optimism. Overall, the company’s strategic focus on deleveraging and growth in fiber and digital media sectors is promising, but immediate financial pressures remain.

To see Spark’s full report on TSE:BCE stock, click here.

More about BCE

BCE Inc. is Canada’s largest communications company, offering advanced broadband Internet, wireless, TV, media, and business communications services. The company is committed to supporting social and economic prosperity through initiatives like Bell Let’s Talk, which focuses on mental health awareness and anti-stigma campaigns.

Average Trading Volume: 3,652,374

Technical Sentiment Signal: Sell

Current Market Cap: C$29.79B

For a thorough assessment of BCE stock, go to TipRanks’ Stock Analysis page.