Topic: How To Invest

The Successful Investor Hotline – Friday, January 12, 2018

Article Excerpt

BCE INC., $57.92, Toronto symbol BCE, is Canada’s largest traditional telephone service provider, with 6.4 million customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 3.8 million high-speed Internet users and 2.8 million TV subscribers. In addition, the company sells wireless services to 9.0 million users across Canada, and owns TV and radio stations. In March 2017, BCE completed its acquisition of Manitoba Telecom Services. That utility has 1.3 million telephone and wireless customers in the province. BCE paid $3.9 billion. That price included Manitoba Telecom’s debt of $972 million. The company also continues to improve the speed and reliability of its wireless and high-speed Internet networks. Those upgrades are helping it attract new customers, particularly as more people use their smartphones to watch movies and TV shows. As well, new investments in its fibre-optic networks are spurring strong demand for its Fibe TV service. BCE will likely earn $3.50 a share in 2018, and the stock trades at an…