BCE Inc
BCE: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 26.00 | Gfwlztc | Hjpbvqcjsp |
BCE Earnings: Strong Subscriber Additions Deliver Solid Profitability Despite Increasing Competition
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.