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BCE ( (TSE:BCE) ) has issued an announcement.
BCE Inc. has completed the sale of its minority stake in Maple Leaf Sports and Entertainment to Rogers Communications for CA$4.7 billion. The proceeds will support BCE’s acquisition of Ziply Fiber, enhancing its fiber network expansion in the U.S. through a strategic partnership with PSP Investments. This move aligns with BCE’s strategy to grow its fiber Internet and 5G wireless networks, aiming to reach up to 8 million locations in the U.S. Additionally, BCE has secured long-term content rights for TSN, ensuring its position as Canada’s Sports Leader, while maintaining sponsorships with key Toronto sports teams.
The most recent analyst rating on (TSE:BCE) stock is a Hold with a C$33.00 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 overall stock score of 64 reflects a stable yet cautious outlook. While the company shows strong cash flow and profitability metrics, high leverage and a high P/E ratio suggest financial caution. The dividend yield remains attractive, but the recent cut raises concerns about future payouts. Strategic growth initiatives in Fiber and digital media are promising, but current challenges in revenue growth and competitive pressures in the wireless segment temper the outlook.
To see Spark’s full report on TSE:BCE stock, click here.
More about BCE
BCE Inc. is Canada’s largest communications company, providing advanced Bell broadband Internet, wireless, TV, media, and business communications services. The company is committed to supporting the social and economic prosperity of communities through initiatives like Bell Let’s Talk, which promotes mental health awareness and support across Canada.
Average Trading Volume: 3,996,468
Technical Sentiment Signal: Sell
Current Market Cap: C$27.84B
For detailed information about BCE stock, go to TipRanks’ Stock Analysis page.