How Successful Investors Get RICH

Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' for FREE from The Successful Investor.

How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: How To Invest

BCE INC. $48.28 – Toronto symbol BCE

BCE INC. $48.28 (Toronto symbol BCE; Shares outstanding: 777.3 million; Market cap: $37.5 billion; TSINetwork Rating: Above Average; Dividend yield: 5.1%; www.bce.ca) is Canada’s largest provider of telephone, Internet and wireless services. It also offers satellite and Internet TV across the country.

In the three months ended March 31, 2014, BCE’s earnings per share rose 5.2%, to $0.81 from $0.77 a year earlier. Revenue increased 4.4%, to $4.54 billion from $4.35 billion.

Revenue from wireless services (32% of total revenue) rose 4.6%. The company’s network upgrades continue to attract new wireless subscribers, and it’s benefiting from rising use of smartphones, which generate higher monthly fees than regular cellphones.

The wireline (land line) division, which accounts for 54% total revenue, saw its sales fall 1.8%. But even though many customers are cancelling land lines and switching to wireless devices, strong growth from Bell’s Fibe high-speed Internet TV service is increasingly slowing land line losses.

The company’s recent $3.2-billion purchase of Astral Media, with its TV and radio stations and specialty channels, has further diversified BCE’s operations and added to its profits.

BCE is still a safety-conscious buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.