Topic: How To Invest

The Successful Investor Hotline – Friday, November 5, 2021

Article Excerpt

BCE INC., $63.27, Toronto symbol BCE, is a buy. The company is Canada’s largest traditional telephone service provider. It also provides wireless services and high-speed Internet access, in addition to owning TV and radio stations. The company continues to benefit from strong demand for new mobile phones and high-speed Internet services. As well, the return of live sports has helped boost advertising revenue at its media operations. Those gains offset lower sales of wireless and other equipment to businesses. In the quarter ended September 30, 2021, revenue rose 0.8%, to $5.84 billion from $5.79 billion a year earlier. However, that fell short of the consensus forecast of $5.94 billion. Earnings before unusual items improved 5.1%, to $748 million from $712 million. Due to more shares outstanding, earnings per share gained 3.8%, to $0.82 from $0.79. That beat the consensus estimate of $0.81. BCE’s shares have gained 16% since the start of 2021. They now trade at 19.8 times the company’s projected full-year earnings of $3.20…