Ultime notizie per BCE (NYSE:BCE) Azioni

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz.

BCE Inc

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<ul>
<li>Innovative solution that integrates the mobile number directly into Microsoft Teams with advanced features is making mobile and hybrid work easier by streamlining transitions between home, office, and remote locations</li>
<li>Leveraging Canada's fastest and most reliable 5G network1 and one of Canada's largest SIP Trunking networks to empower the future of work in Canada</li>
<li>Bell's expanded portfolio of Microsoft Modern Workplace offerings is designed to help businesses meet the evolving needs of their employees and customers</li>
</ul>
MONTRÉAL, Nov. 19, 2024 /CNW/ - Bell today announced it is launching services for Microsoft Teams Phone Mobile, building on its collaboration with Microsoft to offer Canadian businesses a flexible, secure, high-performance communication solution. This innovative mobile-first solution integrates mobile numbers with Teams, enabling seamless calling and collaboration. Teams Phone Mobile provides a consistent user experience, simplifying business communication and boosting productivity and efficiency.

News

MSFT

Bell Expands Its Collaboration With Microsoft To Launch Services For Microsoft Teams Phone Mobile For Canadian Businesses

Barclays analyst David Joyce maintains BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) with a Equal-Weight and lowers the price target from $34 to $30.

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on BCE, Lowers Price Target to $30

WIIM

BCE shares are trading lower after the company reported worse-than-expected Q3 financial results.

Earnings

CORRECTION: BCE Q3 2024 Adj. EPS CAD0.75 Misses CAD0.77 Estimate, Sales CAD5.971B Miss CAD6.032B Estimate

Guidance

BCE Sees FY24 Adj. EPS Growth (7)%-(3)%; Revenue Growth 0%-4%

RBC Capital analyst Drew McReynolds maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Sector Perform and lowers the price target from C$52 to C$47.

TSX:BCE

RBC Capital Maintains Sector Perform on BCE, Lowers Price Target to C$47

Edward Jones analyst David Heger downgrades BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) from Buy to Hold.

Downgrades

Edward Jones Downgrades BCE to Hold

BCE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) stock is moving lower on Monday after the company&#8217;s subsidiary, Bell Canada, entered into a definitive acquisition agreement to acquire Ziply Fiber. Also, BCE said it will pause <a href="https://www.benzinga.com//node/41709988">dividend growth</a>.
What To Know: Under the agreement, the company will acquire 100% equity in Ziply Fiber in exchange for about $3.65 billion. Bell is anticipated to use its net proceeds from its sale of ownership interest in Maple Leaf Sports &amp; Entertainment to fund the acquisition. 
The closing of the sale of ownership interest in Maple Leaf Sports may occur after the closing of this acquisition. In that case, the company will utilize a loan facility to finance this deal. In addition, Bell will utilize funds from a discounted treasury dividend reinvestment plan (DRP) program.
The goal of the merger is to expand Bell&#8217;s fiber network into the United States, adding around 1.3 million fiber locations. This acquisition will also strengthen Bell&#8217;s position as the third-largest fiber Internet provider in North America, bringing its total to 9 million fiber locations, with plans to reach over 12 million by the end of 2028.
Mirko Bibic, president &amp; CEO, BCE and&nbsp;Bell Canada, said &#8220;This acquisition marks a bold milestone in Bell&#8217;s history as we lean into our fibre expertise and expand our reach beyond our Canadian borders. Fibre is at the heart of what we do, and we&#8217;re proud to connect people and businesses and enable them to do more through our fibre networks. By bringing together Bell and Ziply Fiber&#8217;s exceptional talent, we&#8217;ll accelerate our growth while continuing to deliver significant value for our customers&nbsp;and shareholders.&#8221;
Bell said that it intends to maintain its annual common share dividend at the current level of $3.99 per share through the end of 2025.
The company said, &#8220;In the context of the strategic acquisition of Ziply Fiber, BCE&#8217;s focus is on long-term value creation for shareholders and BCE intends to pause dividend growth until BCE&#8217;s dividend payout and net debt leverage ratios are tracking towards our target policy ranges, subject to review annually by the BCE Board of Directors.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/11/41702528/chipotles-hiring-musks-predictions-and-nvidias-human-like-ai-this-week-in-artificial-intelligence">Chipotle&#8217;s Hiring, Musk&#8217;s Predictions, And Nvidia&#8217;s Human-Like AI: This Week In Artificial Intelligence</a>
BCE Price Action: At the time of writing, BCE stock is trading 9.16% lower at $29.16, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: 962355 from Pixabay.

Movers

What's Going On With BCE Shares Monday?

BCE shares are trading lower after the company announced the acquisition of Ziply Fiber and said it will pause dividend growth.

BCE Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>), Canada's largest communications company1, announced today that its wholly-owned subsidiary, Bell Canada (Bell), has entered into a definitive agreement to acquire&nbsp;Ziply Fiber, the leading fibre Internet provider in the Pacific Northwest of the United States, (the "Acquisition") for approximately C$5.0 billion in cash and the assumption of outstanding net debt of approximately C$2.0 billion to be rolled over at transaction close, representing a transaction value of approximately C$7.0 billion.
This transaction enhances Bell's growth profile and strategic position by giving it a foothold in the large, underpenetrated U.S. fibre market, while increasing its scale, diversifying its operating footprint and unlocking significant growth opportunities.
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<td colspan="1" rowspan="1">____________________________</td>
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<td colspan="1" rowspan="1">1 Based on total revenue and total combined customer connections.</td>
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"This acquisition marks a bold milestone in Bell's history as we lean into our fibre expertise and expand our reach beyond our Canadian borders. Fibre is at the heart of what we do, and we're proud to connect people and businesses and enable them to do more through our fibre networks. By bringing together Bell and Ziply Fiber's exceptional talent, we'll accelerate our growth while continuing to deliver significant value for our customers&nbsp;and shareholders."
- Mirko Bibic, President &amp; CEO, BCE and Bell Canada
Ziply Fiber's focus on network technology and innovation has resulted in steady expansion of its footprint since 2020, with over 1.3 million fibre locations across four U.S. states and plans to reach more than three million locations in the next four years. Upon closing of this acquisition, Bell will be poised to expand its fibre footprint to over 12 million locations across North America by the end of 2028, reinforcing its position as the third-largest fibre Internet provider in North America.
The combination of Bell and Ziply Fiber will offer enhanced value for existing and new customers in both Canada and the United States as demand for faster, more reliable Internet and data services increases. Together, the two companies will bring a depth of management, product leadership and technological expertise, aligned on culture, vision and long-term strategy.
"Bell's leadership and vision aligns perfectly with our commitment to improve the connected experiences of our communities through fast, reliable fiber Internet and a refreshingly great experience. This acquisition enhances our growth strategy&nbsp;with the scale and experience of one of North America's leading fiber operators. I'm also grateful for the support of our original partners at both Searchlight Capital and WaveDivision Capital."
- Harold&nbsp;Zeitz, CEO, Ziply Fiber
This transaction values Ziply Fiber on an enterprise value basis, net of the present value of acquired tax attributes, at approximately 14.3 x 2025 estimated adjusted EBITDA, including run-rate synergies. The Acquisition is expected to close in the second half of 2025, subject to certain customary closing conditions and the receipt of certain regulatory approvals. Once the transaction has closed, Ziply Fiber will operate as a separate business unit and will continue to be headquartered in Kirkland, Washington.

BCE Inc. to Enter US Fiber Market Through $7B Ziply Fiber Acquisition

Barclays analyst Kannan Venkateshwar maintains BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) with a Equal-Weight and lowers the price target from $35 to $34.

Barclays Maintains Equal-Weight on BCE, Lowers Price Target to $34

<ul>
<li>The acquisition combines the expertise of both companies to offer a comprehensive suite of ServiceNow capabilities, powering North American businesses' IT transformation with digital workflow automation.</li>
<li>HGC Technologies brings application development, HR service management, and a strong North American talent base to FX Innovation, strategically positioning FX Innovation for growth in the U.S. market.</li>
</ul>
MONTRÉAL, Oct. 9, 2024 /CNW/ - FX Innovation, a Bell Canada company, announced today the acquisition of HGC Technologies (HGC), an Elite ServiceNow partner. Based in Montréal, with Canadian and American operations, HGC has a proven track record of helping clients maximize their business impact with the ServiceNow digital workflow platform. With customized integrations of the platform into their clients' own ecosystems, they help accelerate results.

FX Innovation, A Bell Canada Company, Announced Today The Acquisition Of HGC Technologies, Uniting Canada's ServiceNow Experts, Reinforcing A Comprehensive ServiceNow Centre Of Excellence With A Complete Suite Of Enterprise-Ready Capabilities

– Enhanced agreement broadens Bell Media and&nbsp;Warner Bros. Discovery's content pact and extends Crave as the exclusive Canadian home of HBO and Max Originals–
– &nbsp;Deal includes co-development and Canadian content licensing commitment –
TORONTO, Oct. 8, 2024 /PRNewswire/ - Bell Media announced today it has expanded its landmark partnership with Warner Bros. Discovery for the Canadian market, extending Crave for multiple years as the exclusive home of HBO and Max content. The expansion of Bell Media's existing licensing agreement with Warner Bros. Discovery, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4273155-1&amp;h=2269823370&amp;u=https%3A%2F%2Fwww.bellmedia.ca%2Fthe-lede%2Fpress%2Fbell-media-announces-unprecedented-sweeping-content-pact-with-warner-bros-discovery%2F&amp;a=announced+in+2023">announced in 2023</a>, ensures Crave subscribers have continued access to a vast library of premium content for the foreseeable future.
The new agreement also includes a co-production commitment for original Canadian content with global appeal, licensing of Bell Media original content for use on Warner Bros. Discovery platforms outside of Canada, and extended access to French-language content for use on Bell Media platforms.

Global

Bell Media and Warner Bros. Discovery Expand Partnership In Canada, Broadening Bell Media And Warner Bros. Discovery's Content Pact And Extends Crave As The Exclusive Canadian Home Of HBO And Max Originals;  Deal Includes Co-Development And Canadian Content Licensing Commitment

TD Securities analyst Vince Valentini maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Hold and lowers the price target from C$51 to C$50.

TD Securities Maintains Hold on BCE, Lowers Price Target to C$50

TD Securities analyst Vince Valentini maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Hold and raises the price target from C$50 to C$51.

TD Securities Maintains Hold on BCE, Raises Price Target to C$51

BMO Capital analyst Tim Casey maintains BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) with a Market Perform and raises the price target from $48 to $51.

BMO Capital Maintains Market Perform on BCE, Raises Price Target to $51

RBC Capital analyst Drew McReynolds maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Sector Perform and raises the price target from C$51 to C$53.

RBC Capital Maintains Sector Perform on BCE, Raises Price Target to C$53

BCE shares are trading higher after the company announced it reached an agreement to sell its ownership stake in MLSE for CA$4.7 billion to Rogers Communications.

<ul>
<li>BCE sells its stake in Maple Leaf Sports and Entertainment (MLSE) for CA$4.7 billion</li>
<li>Long-term content rights agreement ensures TSN's place as Canada's Sports Leader</li>
<li>TSN to remain home of Toronto Maple Leafs, Toronto Raptors, Toronto Argonauts and Toronto FC games</li>
<li>Bell remains official telecom sponsor of the Toronto Raptors, and continues sponsorships of Toronto Argonauts and Toronto FC&nbsp;</li>
</ul>
MONTRÉAL, Sept. 18, 2024 /CNW/ - BCE Inc. today announced that it has reached an agreement to sell its ownership stake in&nbsp;MLSE for CA$4.7 billion to Rogers Communications Inc. ("Rogers"), subject to relevant sports league and other customary approvals. The transaction is expected to close in mid-2025. BCE currently intends to direct proceeds of this sale towards reducing debt levels and to support its ongoing transformation from telco to techco with a focus on core growth drivers.

Asset Sales

BCE Sells Its Stake In Maple Leaf Sports And Entertainment For CAD$4.7 Billion

Signs agreement to buy out Bell&#39;s 37.5% ownership stake in MLSE
&nbsp;
Will invest to bring championships to Canada
Sportsnet will continue to broadcast 50% of Maple Leafs regional games and 50% of Raptors games controlled by MLSE

Rogers To Buy Bell's 37.5% Ownership Stake In Maple Leaf Sports & Entertainment For C$4.7B

Scotiabank analyst Maher Yaghi lowered the firm's price target on BCE (BCE) to C$45 from C$47.50 and keeps a Sector Perform rating on the shares. P...

BCE price target lowered to C$45 from C$47.50 at Scotiabank

Canaccord analyst Aravinda Galappatthige lowered the firm's price target on BCE (BCE) to C$37.50 from C$41 and keeps a Hold rating on the shares. P...

BCE price target lowered to C$37.50 from C$41 at Canaccord

RBC Capital lowered the firm's price target on BCE (BCE) to C$45 from C$47 and keeps a Sector Perform rating on the shares. Published first on TheF...

BCE price target lowered to C$45 from C$47 at RBC Capital

M&A deals roundup: Blackstone, BCE, CrowdStrike, Danone and more

Analysts fell to the sidelines weighing in on BCE (BCE – Research Report) and Telus (TU – Research Report) with neutral ratings, indicating that th...

Wall Street Analysts Are Neutral on Top Communication Services Picks

Barclays lowered the firm's price target on BCE (BCE) to $30 from $34 and keeps an Equal Weight rating on the shares. Published first on TheFly – t...

BCE price target lowered to $30 from $34 at Barclays

In a report released today, Vince Valentini from TD Securities maintained a Hold rating on BCE (BCE – Research Report), with a price target of C$39...

TD Securities Sticks to Their Hold Rating for BCE (BCE)

BCE: Don't Get Caught By The Double-Digit Yield

BCE announces amendments to dividend reinvestment plan

BCE (TSE:BCE) has released an update. BCE Inc. has announced changes to its Shareholder Dividend Reinvestment Plan, allowing new common shares to b...

BCE Offers Discounted Share Issuance in Dividend Plan

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Crave Announces New Original Crime Drama Series UNDERBELLY, Starring Stephen Amell, Hamza Haq, Tamara Podemski, and Minnie Driver

CTV Delivers a Fresh Serving of MASTERCHEF CANADA for 2025/26 Season, with Casting Now Open

BCE to acquire Ziply Fiber, accelerating its fibre growth strategy across North America

BCE reports third quarter 2024 results

BCE announces renewal of Normal Course Issuer Bid for Preferred Shares

Most Canadian Businesses Need an Action Biased Strategy to Maximize AI Benefits and Manage Risks: New Bell Study

BCE implements amendments to its Shareholder Dividend Reinvestment Plan to permit discount for treasury issuances; 2% discount to apply starting with reinvestment of dividend payable on January 15, 2025

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Ultime notizie per BCE (NYSE:BCE) Azioni

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